Key Takeaways:
• Dingdong’s revenue growth slowed to 72% in the fourth quarter, down from 111% and 78% in the third and second quarters, respectively
• Leading online grocer also reined in its spending, helping pare its quarterly net loss by 12% as it talked of profitability ‘soon’.
After years of spending on breakneck growth, leading online grocer Dingdong Cayman Ltd. (DDL.US) finally appears to be slowing down in response to investor demands that it find a way to operate profitably.
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