Benzinga | May 6, 2021 06:32AM EDT

Blue Apron Sees Q2 Sales $122M-$126M vs $141.5M Est.

Blue Apron today provided an outlook for certain second quarter 2021 financial metrics, reflecting certain assumptions regarding the business, including the execution of the company's strategic growth initiatives and ongoing operational improvements, and planned investment increases in marketing initiatives, as well the company's ability to manage liquidity in compliance with its debt covenants. In addition, the outlook for the second quarter of 2021 assumes the seasonal fluctuations between the first and second quarter periods will return to the historical patterns experienced pre-pandemic. The following guidance also assumes that the company will not experience any unforeseen significant disruptions in its fulfillment operations or supply chain.

For the second quarter, the company expects net revenue will be approximately $122 million to $126 million. The company expects to incur a net loss of no more than $17 million and an adjusted EBITDA loss of no more than $7 million.

For the full year 2021, Blue Apron expects to generate high single-digit to low double-digit net revenue growth, with the expectation that the second half of 2021 will demonstrate a return to year-over-year growth following the slight expected decline in the second quarter.