Dingdong (DDL) has released an update.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Dingdong (Cayman) Limited, a prominent fresh grocery e-commerce company in China, reported a remarkable financial performance for the third quarter of 2024, with its GMV surging by 28.3% year-over-year to RMB7,267.0 million and net income skyrocketing by 6,240.6%. The company also achieved a record non-GAAP net income of RMB161.6 million, marking its eighth consecutive quarter of profitability, driven by increased transacting users and expanded station networks.
For further insights into DDL stock, check out TipRanks’ Stock Analysis page.
