Dingdong (Cayman) (NYSE:DDL) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥6.54b (up 27% from 3Q 2023).
• Net income: CN¥133.4m (up from CN¥83.0k loss in 3Q 2023).
• Profit margin: 2.0% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue.

All figures shown in the chart above are for the trailing 12 month (TTM) period

Dingdong (Cayman) Earnings Insights

Looking ahead, revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Consumer Retailing industry in the US.

Performance of the American Consumer Retailing industry.

The company's shares are up 5.8% from a week ago.

Valuation

Our analysis of these results suggests Dingdong (Cayman) may be overvalued based on 6 important criteria we look at. To access our thorough examination of analyst consensus click here and discover the expected future direction of the company.

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