Blue Apron is confident it will achieve profitability this quarter

Blue Apron is confident it will achieve profitability this quarter

5 years ago
Anonymous $Dftgs0JzgE

https://techcrunch.com/2019/01/15/blue-apron-is-confident-it-will-achieve-profitability-this-quarter/

Meal kit company Blue Apron expects to achieve profitability this quarter, the company said ahead of its Q4 2018 and fiscal year 2018 financial results. Blue Apron will release its earnings January 31, but said today that, “based on its current view of the business, Blue Apron plans to reaffirm confidence in achieving profitability” on an adjusted EBITDA basis in Q1 2019, as well as for the entire fiscal year.

Blue Apron defines EBITDA as its net earnings before interest, taxes, depreciation and amortization. Simply put, it’s a measure of Blue Apron’s operating profitability as a percentage of its total revenue.

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