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08/08BLUE APRON : Q2 2022 Earnings Slides
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Blue Apron, Scotts Miracle-Gro Benefit From Stay-at-Home Measures -- Earnings at a Glance

07/29/2020 | 01:26pm EDT

Companies providing do-it-yourself products benefited as the Covid-19 pandemic has kept millions of people in their homes.

Blue Apron Holdings Inc., which ships meal ingredients to customers, said it turned a profit for the second quarter as demand for meal kits rose amid shelter-in-place measures.

The results mark the company's first quarterly profit since it went public in 2017, according to FactSet.

Scotts Miracle-Gro Co. said its profit and sales for the fiscal third quarter rose as it saw higher demand for lawn and garden products amid the pandemic, leading it to raise its full-year guidance.

Also Wednesday, some of Europe's biggest lenders revealed the extent of the pandemic's impact on their businesses.

Germany's Deutsche Bank AG, the U.K.'s Barclays PLC and Spain's Banco Santander SA reported higher loan-loss charges in the second quarter as their customers struggle to repay debts and unemployment rises across the regions in which the banks operate.

Other earnings reported Wednesday:

ANA Holdings Inc.: The Japanese airline swung to a net loss in its first quarter as the pandemic battered demand for travel.

Anthem Inc.: The U.S. health insurer said its profit and revenue for the second quarter climbed as it saw a deferral in elective health care due to the pandemic.

Aston Martin Lagonda Global Holdings PLC: The British luxury car maker reported a wider pretax loss for the first half of the year as coronavirus lockdowns forced dealers and factories to close.

Axalta Coating Systems Ltd.: The coatings and paint company said it is cutting jobs as the economic fallout from Covid-19 eats into customer demand and puts heightened pressure on its sales and profit.

Boeing Co.: The U.S. aerospace company said it would cut production of commercial jets and shrink its workforce further as the pandemic deepens its toll on the global aviation industry. Boeing lost $2.4 billion in the second quarter, reflecting the impact of the pandemic as well as the prolonged grounding of the 737 MAX aircraft following two fatal crashes.

Breedon Group PLC: The U.K. construction-materials company swung to a pretax loss in the first six months of the year as the coronavirus lockdown prompted an immediate fall in demand but added its market was improving.

CDL Hospitality Trusts: The Singapore-based trust said its first-half net property income fell 56% from a year earlier as pandemic restrictions on travel cut into hotel occupancy.

Dairy Farm International Holdings Ltd.: The pan-Asian retailer posted a lower profit for the first half of the year, citing the pandemic, and cut its dividend for the period.

Dignity PLC: The U.K. funeral services company swung to a pretax loss in the first half of 2020 despite a rise in deaths due to the coronavirus, as higher volumes were offset by lower average incomes.

Dine Brands Global Inc.: The Applebee's and IHOP restaurant owner swung to a second-quarter loss as sales remain significantly below last year's despite a recovery trajectory from when the pandemic caused widespread shutdowns earlier this year.

Dr. Reddy's Laboratories Ltd.: The Indian drugmaker's first-quarter net profit fell 13% from a year earlier as Covid-19 restrictions drove sales volumes lower.

Dynatrace Inc.: The software-intelligence provider swung to a profit in the fiscal first quarter of 2021 as it rode the cloud-adoption wave spurred by the pandemic that helped drive sales 27% higher.

Eaton Corp.: The Dublin-based power-management company recorded falling sales in the second quarter as the pandemic disrupted demand, but its revenue and adjusted profit were higher than analysts had forecast.

Garmin Ltd.: The Switzerland-based company reported lower profit and sales for the second quarter as the maker of navigation systems for cars, boats and planes said it is starting to rebound from April lows.

General Dynamics Corp.: The company, which makes Gulfstream business jets and combat systems, recorded second-quarter revenue and earnings results that ticked above analysts' expectations, as its aircraft deliveries edged higher despite continued challenges from the pandemic.

General Electric Co.: The company posted a roughly $2 billion quarterly loss as revenue tumbled 24%, hurt by a steep decline in a jet-engine business that has been hobbled by the pandemic.

General Motors Co.: The company posted a $758 million second-quarter net loss mostly due to factory shutdowns in its home U.S. market, although resilient sales of pricey pickup trucks propelled results beyond analysts' forecasts.

Heathrow Airport: The London airport, which is jointly owned by the Qatar Investment Authority, China Investment Corporation, Spain's Ferrovial SA and other investment companies, swung into a pretax loss for the first half of 2020 due to the pandemic. The company expects passenger numbers in 2020 to fall by at least 60% compared with last year despite a gradual recovery as countries open borders.

InterGlobe Aviation Ltd.: The operator of Indian budget airline IndiGo said it swung to a net loss in the first quarter, as the pandemic severely restricted its operations.

Jupiter Fund Management PLC: The money manager reported a fall in pretax profit for the first half of 2020 due to a reduction in net management fees, as the pandemic drove down assets under management.

Kao Corp.: The Japanese maker of soap and other consumer goods said its first-half net profit fell 12%, as the pandemic hit its cosmetics business hard.

Lancashire Holdings Ltd.: The Bermuda-based, London-listed insurance company reported a pretax loss for the first six months of 2020 despite a rise in both net and gross premiums as the coronavirus dragged its results.

Maruti Suzuki India Ltd.: The Indian auto maker swung to a net loss in its first quarter, as the pandemic hurt its operations and sales.

Novatek: The Russian energy company said pretax profit for the second quarter of the year plummeted as the pandemic hit demand and the oversupply of crude oil drove down oil prices.

Prada SpA: The Italian luxury-fashion company turned a first-half loss as its activities were hit by the pandemic, but it hopes for a return to profitability in the last six months of the year.

Puma SE: The German sporting-goods company swung to a loss in the second quarter and said it still couldn't provide guidance for the year due to the pandemic.

Saia Inc.: The U.S. trucking provider reported weaker second-quarter revenue and earnings, reflecting how the pandemic created disruptions for its business and customers.

Singapore Airlines Ltd.: The Singaporean airline swung to a net loss in the first quarter, as demand for its services evaporated due to travel restrictions and border controls imposed world-wide.

Six Flags Entertainment Corp.: The amusement-park operator reported a second-quarter net loss that was wider than the first quarter's, as its parks spent most of that period closed because of the pandemic.

SK Innovation Co.: The South Korean oil refiner swung to a net loss in the second quarter due to weaker refining margins and lower oil prices amid sluggish demand caused by the pandemic.

Smith & Nephew PLC: The U.K. medical-technology company turned a pretax loss for the first half of the year and said trading profit missed consensus expectations as the pandemic hurt its margin.

Solvay S.A.: The Belgian chemical company reported a fall in second-quarter net profit as the pandemic hurt demand in several sectors. Solvay expects a challenging third quarter before trading starts to improve in the fourth quarter.

Sumitomo Mitsui Financial Group Inc.: The Japanese financial company said its first-quarter net profit fell 60% from a year earlier due partly to greater provisions for possible loan losses amid the pandemic.

Wizz Air Holdings PLC: The U.K. airline reported a pretax loss for the first quarter of fiscal 2021 due to the pandemic.

Write to Rose Manzo at


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ASTON MARTIN LAGONDA GLOBAL HOLDINGS PLC 5.14% 499.9 Delayed Quote.-64.86%
AXALTA COATING SYSTEMS LTD. -2.30% 25.03 Delayed Quote.-24.43%
BANCO SANTANDER, S.A. 0.67% 2.574 Delayed Quote.-13.08%
BARCLAYS PLC 1.31% 168.22 Delayed Quote.-11.30%
BLUE APRON HOLDINGS, INC. -8.36% 3.07 Delayed Quote.-54.38%
BREEDON GROUP PLC 1.98% 65.3 Delayed Quote.-32.53%
CDL HOSPITALITY TRUSTS -2.31% 1.27 Delayed Quote.11.11%
DEUTSCHE BANK AG 0.29% 8.75 Delayed Quote.-20.79%
DFI RETAIL GROUP HOLDINGS LIMITED 1.47% 2.77 Delayed Quote.-4.55%
DIGNITY PLC 2.15% 475 Delayed Quote.-21.19%
DINE BRANDS GLOBAL, INC. -1.13% 71.56 Delayed Quote.-5.61%
DYNATRACE, INC. -0.40% 41.89 Delayed Quote.-30.59%
EATON CORPORATION PLC -1.03% 146.41 Delayed Quote.-14.40%
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GARMIN LTD. -3.48% 95.12 Delayed Quote.-30.15%
GENERAL DYNAMICS CORPORATION 0.81% 227.62 Delayed Quote.9.19%
GENERAL ELECTRIC COMPANY -0.33% 74.93 Delayed Quote.-20.68%
GENERAL MOTORS COMPANY -2.50% 36.62 Delayed Quote.-37.54%
INTERGLOBE AVIATION LIMITED -1.40% 2038.3 Delayed Quote.2.46%
JUPITER FUND MANAGEMENT PLC 3.03% 129 Delayed Quote.-51.05%
KAO CORPORATION 1.48% 5882 Delayed Quote.-3.70%
LANCASHIRE HOLDINGS LIMITED 1.53% 463.6 Delayed Quote.-13.92%
LONDON BRENT OIL -0.03% 96.23 Delayed Quote.23.87%
MARUTI SUZUKI INDIA LTD -0.47% 8879.7 Delayed Quote.20.14%
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SAIA, INC. -2.50% 235.68 Delayed Quote.-30.07%
SINGAPORE AIRLINES LIMITED -0.37% 5.41 Delayed Quote.8.82%
SIX FLAGS ENTERTAINMENT CORPORATION -2.17% 24.4 Delayed Quote.-42.70%
SK INNOVATION CO., LTD. -0.26% 195000 End-of-day quote.-18.24%
SOLVAY SA 1.16% 87.02 Real-time Quote.-15.83%
SUMITOMO MITSUI FINANCIAL GROUP, INC. 0.59% 4085 Delayed Quote.2.99%
THE BOEING COMPANY -0.63% 164.85 Delayed Quote.-17.60%
THE SCOTTS MIRACLE-GRO COMPANY -8.03% 76.12 Delayed Quote.-52.72%
WIZZ AIR HOLDINGS PLC 1.97% 2266.29 Delayed Quote.-46.70%
WTI -0.02% 90.441 Delayed Quote.19.95%
08/08Consumer Cos Up Amid Deal Activity -- Consumer Roundup
08/08TRANSCRIPT : Blue Apron Holdings, Inc., Q2 2022 Earnings Call, Aug 08, 2022
08/08BLUE APRON : Q2 2022 Earnings Slides
08/08BLUE APRON HOLDINGS, INC. : Regulation FD Disclosure, Financial Statements and Exhibits (f..
08/08BLUE APRON : Reports Second Quarter 2022 Results - Form 8-K
08/08Management's discussion and analysis of financial condition and results of ..
08/08BLUE APRON : Q2 Earnings Snapshot
08/08Blue Apron Holdings, Inc. Reports Second Quarter 2022 Results
08/08Earnings Flash (APRN) BLUE APRON Posts Q2 Revenue $124.2M
08/08Blue Apron Holdings, Inc. Provides Revenue Guidance for the Year 2022
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Financials (USD)
Sales 2022 512 M - -
Net income 2022 -95,3 M - -
Net Debt 2022 - - -
P/E ratio 2022 -1,19x
Yield 2022 -
Capitalization 107 M 107 M -
Capi. / Sales 2022 0,21x
Capi. / Sales 2023 0,18x
Nbr of Employees 2 010
Free-Float 50,8%
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Number of Analysts 2
Last Close Price 3,07 $
Average target price 9,33 $
Spread / Average Target 204%
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Managers and Directors
Linda Findley Kozlowski President, Chief Executive Officer & Director
Randy J. Greben Treasurer, Chief Financial & Accounting Officer
Jennifer Carr-Smith Chairman
Irina Krechmer Chief Technology Officer
Charlean Louise Gmunder Chief Operating Officer
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