Overview
Dingdong Q2 revenue grows 6.7% yr/yr to RMB5.98 bln
Net income rises 59.7% yr/yr to RMB107.2 mln, sixth consecutive profitable qtr
Non-GAAP net income increases 23.9% yr/yr, reflecting operational efficiency
Outlook
Company aims to maintain scale and achieve non-GAAP profits in Q3 2025
Result Drivers
ORDER GROWTH - Increase in average monthly transacting users and order frequency drove revenue growth, per CFO Song Wang
MARKET PENETRATION - New frontline fulfillment stations improved market penetration in East China
COST MANAGEMENT - Good Products Strategy reduced sales and marketing expenses, replacing traditional campaigns
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | RMB 5.98 bln | ||
Q2 Adjusted Net Income | RMB 127.80 mln | ||
Q2 Net Income | RMB 107.20 mln | ||
Q2 Operating Income | RMB 81.60 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the online services peer group is "buy"
Wall Street's median 12-month price target for Dingdong (Cayman) Ltd is $3.45, about 32.8% above its August 20 closing price of $2.32
Press Release: ID:nPn5gR4CRa
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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