Is a Buyout Blue Apron's Only Hope for Deliverance?
Unless someone comes along and buys Blue Apron (NYSE: APRN), investors would probably do well to cut their ties to the meal kit delivery service. Another poor quarterly performance showing it continues to lose customers means an acquisition may be its only hope for survival.
Blue Apron is broken. The number of customers it serves tumbled 6% from the year-ago period to 856,000, and plunged 9% from just the second quarter. Although average revenue per customer was up year over year, it fell to $245 from $251 sequentially.
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Source: Fool.com