Blue apron holdings posts q1 loss per share of $1.51

Blue apron holdings, inc. reports first quarter 2020 results.q1 loss per share $1.51.q1 revenue fell 28 percent to $101.9 million.net loss for q1 of 2020 was $20.1 million.qtrly net revenue increased 8% and customers increased 7% sequentially.subsequent to q1 seen significant increase in demand following various stay at-home and restaurant restriction orders.covid-19 did not have a material impact on q1.qtrly net revenue decreased 28% to $101.9 million.qtrly net loss per share was $1.51.sees q2 revenue about $130 million.blue apron - notwithstanding substantial investments in front-line fulfillment center team, sees net loss of no more than $6.0 million in q2.cash and cash equivalents was $29.5 million as of march 31.blue apron - taking action to increase capacity at fulfillment centers, including hiring new employees, temporarily reducing variety in menu options.has not experienced significant disruptions in its operations of its fulfillment centers.blue apron - has not experienced any significant disruptions in supply chain or any carrier interruptions or delays.
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