Blue Apron Fails To Stir Up Sales

Blue Apron Inc. lowered its sales forecast and reported a slide in its customer count.

In Q2 2018, the meal-kit company’s customers declined by -24%, causing revenues to drop -25%. The firm’s losses aggravated to $32.8 million, or 17 cents a share.

Its projections for the near future don’t look much bright, either. Blue Apron expects Q3 revenues in the range of $150 million to $160 million - which would be a -24% decline from the year-ago period.

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Sergey Savastiouk|Expert

Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.