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BLUE APRON Q1 IS DOWN 4.0%

Blue Apron’s first quarter sales dipped 4.0% to $113.1 million compared to the year-ago period, although they were up by 5.9% when compared to the fourth quarter of 2022. The company said first quarter average order value declined by 3.9% from Q4 2022. Separately, Blue Apron announced a deal (up to $50 million) to transfer operations and logistics to FreshRealm in order to pursue an “asset-light model” of business. Payment requires the meeting of transition, efficiency and product milestones.

Warren Thayer

Warren Thayer

Warren is the Editor Emeritus, Managing Partner for Frozen & Refrigerated Buyer.

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