Blue Apron Holdings, Inc. (NYSE:APRN) Q2 2020 Earnings Conference Call - Final Transcript

Jul 29, 2020 • 08:30 am ET

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Blue Apron Holdings, Inc. (NYSE:APRN) Q2 2020 Earnings Conference Call - Final Transcript

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Presentation
Executive
Tim Bensley

the pandemic. Reflecting these factors and assumptions, we are expecting net revenue in Q3 to be approximately $112 million or approximately 13% greater compared to Q3 2019. We expect to incur a net loss of no more than $18 million in the third quarter and adjusted EBITDA loss of no more than $8 million.

As we announced in February, the company's Board of Directors continues to evaluate a broad range of strategic alternatives to maximize shareholder value, including to support the execution of the company's growth strategy. For easy reference, a reconciliation table from our net loss to adjusted EBITDA is included in our earnings release, which has been posted on Blue Apron's Investor Relations website.

Linda and I will now take your questions. Jamie?

Executive
Linda Findley Kozlowski

Sorry, everyone, just give us a minute while we get our operator to queue up questions.

Operator
Operator

And ladies and gentlemen, this is the conference operator. Are you able to hear me now?

Executive
Tim Bensley

Yes, we are.

Executive
Linda Findley Kozlowski

Yes.