From Our Print Edition

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.