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Blue Apron Revenue Falls
Customers of meal-kit delivery company decline to reverse first quarter’s gains
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Blue Apron Holdings Inc.’s second-quarter revenue fell 25 percent to $179.6 million as customers of the meal-kit service declined, reversing gains made in the first quarter. The New York-based company has struggled to hit its stride since last year’s initial public offering and projected a further deterioration in 2018 sales. Shares fell 24 percent Thursday, their biggest drop since the IPO.