Blue Apron to be Profitable by Q2 2024 Following Asset-Light Model Shift
Meal kit provider Blue Apron provided a business update after the company closed a deal to transfer its operational infrastructure, which includes fulfillment centers, equipment, know-how and related personnel, to FreshRealm.
Blue Apron said it expects to achieve a profitable adjusted EBITDA mark in the second quarter of 2023 following the closing of the deal and streamlining efforts that the Company previously identified and will continue to implement in the third quarter of 2023.
Linda Findley, Blue Apron’s President and Chief Executive Officer, commented...
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