-=Blue Apron (APRN) reported earnings on Tue 18 Feb 20 (a/h)

Blue Apron misses by $0.20, misses on revs

Reports Q4 (Dec) loss of $1.66 per share, $0.20 worse than the single analyst estimate of ($1.46); revenues fell 33.0% year/year to $94.3 mln vs the $97.72 mln two analyst estimate.

Reports Total Orders of 1.622 mln vs 1.726 mln in 4Q18.

Reports Average Order Value of $58.14 vs. $57.60 in 4Q18.

Optimization of Operations: Following a review of its fulfillment center network structure and improvements in sourcing, production and logistics, Blue Apron announced the planned closure of its Arlington, Texas facility and consolidation of production volume into its New Jersey and California facilities. Through this action, the company believes it can more efficiently continue to service its national footprint while also enabling it to redirect financial resources into other parts of the business, including growth initiatives.

Strategic Alternatives: Co also announced that its Board of Directors, supported by its management team, is evaluating a broad range of strategic alternatives to maximize shareholder value, including to support the execution of its growth strategy. These alternatives could include, among other things, a strategic business combination, a capital raise through the public or private markets, a transaction that results in private ownership or sale of the company or its assets, or some combination of these.