A new low. Blue Apron falls another 16% as NJ fulfillment center eats away at profits
https://www.cnbc.com/2017/11/07/blue-apron-shares-plummet-15-percent-to-new-low-on-cost-concerns.html
Shares of Blue Apron plummeted more than 16 percent on Tuesday after the meal-kit service's CEO said the company's new fulfillment center in Linden, New Jersey, was a drag on profits.
"Today Linden is performing as our worst margin operating center because it's very new," CEO Matt Salzberg said during the RBC Capital Markets Technology, Internet, Media and Telecommunications Conference, according to Dow Jones.