Investment information provided in this content is general in nature, strictly for illustrative purposes, and may not be appropriate for all investors. We've done that over the last few years, and we're now focused on bringing them scale.This presentation is for informational and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. The focus needed to be on quality and the culinary experience. “We weren't thinking about the flexibility of today's family. “Blue Apron’s past didn't address customer needs,” she said. In an interview with Food Business News in September, Linda Findley, president and chief executive officer, said a challenge the company has faced is breaking away from its past. Sales for the period are $351.7 million, down slightly from $363.4 million the year before. Quarterly sales were flat at $109.7 million when compared with the third quarter of fiscal 2021.įor the first nine months of the year, Blue Apron has incurred a loss of $87.3 million, up from the $62 million loss during the same period in 2021.

30, Blue Apron Holdings sustained a loss of $25.8 million, similar to the same period of the previous year when the company recorded a loss of $27.6 million. “Blue Apron is working to strengthen its balance sheet to maintain compliance with its $25 million minimum liquidity covenant.”įor the third quarter ended Sept.

“The cost reduction plans address both near-term and long-term expenses as Blue Apron focuses on driving toward profitability in the future,” the company said.

The company plans to further reduce expenses in 2023 up to approximately $50 million.

Linda findley