Blue Apron Says Business Was Better Than Expected in the Fourth Quarter

Blue Apron (NYSE: APRN) said Thursday that its business is improving more than previously thought, though it didn't say whether that meant more sales, more profits, more customers, a combination of the three, or something else. It only said in a press release that when it does release its financial results in February, they will "be better than the company's previously provided outlook for the period."

The meal kit delivery specialist has benefited from the increase in people eating at home during the pandemic lockdowns as services that delivered food to your door became less of a luxury and more of a necessity for many consumers. Sales of meal kits increased and it even reported a surprise profit in the second quarter.

Image source: Blue Apron.

Continue reading

Source Fool.com