Nutrition Where Will Blue Apron Be in 5 Years? Staff Editor July 8, 2020 Share on Facebook Share on Twitter Share via Email Subscribe Now Log in The meal kit company could run out of cash before it ever turns a profit. Blue Apron (NYSE:APRN) burned a lot of investors after its IPO three years ago. The meal kit provider’s stock, after being adjusted for a reverse split last year, currently trades more than 90% below its IPO price of $10 per share. The stock tumbled as its growth stalled out, and competitors flooded the market. Its lack of profitability, abrupt management changes, and underwhelming turnaround efforts attracted even more bears. Looking ahead into the next five years, can Blue Apron stage an eleventh-hour turnaround?… READ MORE @ The Motley Fool The meal kit company could run out of cash before it ever turns a profit. Blue Apron (NYSE:APRN) burned a lot of investors after its... Membership Required You’ve reached your 3-article monthly limit. Subscribe to ATN Pro for unlimited access to industry-leading coverage, insights, and analysis shaping the future of fitness and wellness. ATN Pro members get: Unlimited access to Athletech News articles Exclusive access to ATN Pro-level reporting Discounts to ATN the Innovation Summit VIP access to community events Exclusive email newsletters Subscribe Now Already a member? Log in Already a member? Log in here Tags: Blue Apron
