New Fulfillment Center Is Blue Apron's Latest Fiscal Fiasco
In this segment of the MarketFoolery podcast, host Chris Hill and special guest Scott Phillips of Share Adviser and Million Dollar Portfolio Australia discuss the latest bad news from meal-kit company and ongoing disaster Blue Apron (NYSE: APRN).
The company said costs for its new fulfillment center are unexpectedly high, cutting into profits and margins. With the shares down about two-thirds from their IPO price, and the business plagued both by execution issues and looming competition, does it stand a chance of surviving as a public company? They also discuss the e-commerce king Amazon.com (NASDAQ: AMZN) and its upcoming entry into the Australian market.
A full transcript follows the video.
Source: Fool.com
