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Blue Apron Earnings: New Recipe for Profitability Briefly Boosts Shares

Blue Apron Holdings (APRN) posted better-than-expected fourth-quarter results Tuesday and said adjusted earnings before interest, taxes, depreciation, and amortization could turn positive as soon as this year, briefly boosting its shares. Blue Apron's revenue shrank 13%, to $187.7 million, because of fewer customers and orders as it scaled back marketing efforts. A change in Blue Apron's financial timetable could come from cuts in capital spending and administrative costs, CEO Brad Dickerson said on a conference call with analysts.