Blue Apron Provides Details Regarding Next Phase of Strategic Plans
- Introduced Next Phase of Strategy Towards Path to Adjusted EBITDA Profitability in 2023 and Free Cash Flow Generation in 2024- Highlighted Drivers of Success Behind Eight Straight Quarters of Elevated Customer Metrics- Outlined Plans to Drive Customer Growth Through Targeted Marketing Spend, Product Innovation, Customizations, Add-ons, and Non-Subscription Offerings- Targeted Long-Term Steady-State Variable Margin of 40% and PTG&A of 20% of Revenue- Discussed Strategy to Responsibly Deploy Recent Equity Capital Raised to Invest in Platform to Help Execute Its New Strategy
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