Nasdaq

Blue Apron Shares Business Update Following Its Recent Shift to an Asset-Light Model

Company Expects to Achieve Adjusted EBITDA Profitability in the Second Quarter of 2024; Plans to Release Second Quarter 2023 Earnings on August 9, 2023 NEW YORK--(BUSINESS WIRE)-- Today, Blue Apron ...
Food

Blue Apron: ‘Asset-light’ model, layoffs lay the groundwork for return to profitability in a year

Meal kit pioneer Blue Apron expects to return to profitability by the second quarter of next year after a post-pandemic decline in demand caused its revenue and margins to tumble – pushing it to adopt ...
Nasdaq

Blue Apron Announces Closing of Transaction with FreshRealm to Execute Its Asset-Light Model and Focus on Its Direct-to-Consumer Business

NEW YORK--(BUSINESS WIRE)-- Blue Apron (NYSE: APRN) closed its previously announced transaction with FreshRealm. Under the definitive agreements entered into today, Blue Apron transferred its ...
Seeking Alpha

Blue Apron skyrockets 71% after paying off debt, shifting to asset-light model

Blue Apron (NYSE:APRN) popped in mid-day trading on Friday after closing on its previously announced transaction with FreshRealm and announced that it has shifted to an asset-light model. Looking ...
Business Wire

Blue Apron Announces Plans to Shift to an Asset-Light Model Through the Transfer of Operational Infrastructure to FreshRealm

NEW YORK--(BUSINESS WIRE)--Blue Apron (NYSE: APRN) today announced plans for a long-term operations and logistics relationship with FreshRealm, a leading provider of fresh meals to top retailers ...
Business Wire

Blue Apron Shares Business Update Following Its Recent Shift to an Asset-Light Model

NEW YORK--(BUSINESS WIRE)--Today, Blue Apron (NYSE: APRN) shared a business update following the previously announced closing of the transaction with FreshRealm on June 9, 2023. With the closing of ...