Blue Apron Expects FY23 Revenue $410.0M-$415.0M Vs $405.69M Est, Expects Adj EBITDA Profitability in Q2 of FY24
Portfolio Pulse from Benzinga Newsdesk
Blue Apron has updated its FY23 revenue forecast to $410.0M-$415.0M, higher than the previous estimate of $405.69M. The company also expects to achieve adjusted EBITDA profitability in Q2 of FY24.
August 09, 2023 | 10:36 am
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POSITIVE IMPACT
Blue Apron's raised revenue forecast for FY23 and expected profitability in Q2 FY24 could positively impact its stock price.
Blue Apron's raised revenue forecast for FY23 indicates strong business performance and growth, which is likely to be viewed positively by investors. Additionally, the company's expectation to achieve adjusted EBITDA profitability in Q2 FY24 signals improved financial health, which could further boost investor confidence and potentially drive the stock price up.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100