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Dingdong (DDL)
NYSE:DDL
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Earnings Data
Report Date
Feb 18, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
-$0.02Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2024
|% Change Since: 3.55%
|Next Earnings Date:Feb 18, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong financial performance, with significant revenue and profit growth, expansion in user base, and strategic geographical market penetration. Although there were minor challenges in profit margins and certain regional markets, the overall sentiment was positive given the consistent profitability and strategic growth initiatives.Company Guidance
During Dingdong Limited's Q3 2024 earnings call, management provided robust guidance highlighting significant growth across key financial metrics. The company reported a 28.3% year-over-year increase in GMV, reaching CNY 7.27 billion, while revenue rose by 27.2% to CNY 6.54 billion. Non-GAAP net profit surged over ninefold to CNY 160 million, with a profit margin of 2.5%, and GAAP net profit soared 62-fold to CNY 133 million, achieving a 2% margin. The average number of active transacting users climbed by 24.5% to approximately 8.22 million, with user stickiness mirrored in a 6.1% rise in average orders per month. The company also expanded its frontline fulfillment stations, enhancing geographical penetration in key regions like Jiangsu, Zhejiang, and Shanghai, which saw GMV growth of up to 40%. Improvements in the supply chain and operational efficiencies contributed to a gross profit margin of 29.8% and a fulfillment expense rate reduction to 21.4%. Looking ahead, Dingdong remains optimistic about continuing its trajectory of sustainable growth, raising targets for new fulfillment station openings and expecting further profitability increments in Q4 and the full year of 2024.Consistent Profitability Achieved
Dingdong achieved non-GAAP profitability for the eighth consecutive quarter and GAAP profitability for the third consecutive quarter.
Revenue and GMV Growth
Revenue increased by 27.2% year-over-year to CNY 6.54 billion and GMV grew by 28.3% to CNY 7.27 billion.
User Base Expansion
Average number of active transacting users rose to approximately 8.22 million, a 24.5% year-over-year increase.
Geographical Growth in Key Markets
Shanghai's GMV increased by 24.5% year-over-year, while Jiangsu and Zhejiang saw approximately 40% growth each.
Improved Cash Flow and Financial Position
Operating net cash inflow in Q3 reached CNY 400 million, marking the fifth consecutive quarter of net cash inflow from operating activities.
Strong Performance in Lower-Tier Cities
Excluding top cities, other cities across Jiangsu and Zhejiang regions increased GMV by over 40% year-over-year.
Expansion of Product Categories
Introduced an array of new products, contributing to the frequency of purchases and number of items per order.
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DDL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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DDL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $3.94 | $4.45 | +12.94% |
| Aug 07, 2024 | $1.83 | $1.64 | -10.38% |
| May 13, 2024 | $2.16 | $1.82 | -15.74% |
| Feb 29, 2024 | $1.28 | $1.15 | -10.16% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Dingdong (DDL) report earnings?
Dingdong (DDL) is schdueled to report earning on Feb 18, 2025, TBA Not Confirmed.
What is Dingdong (DDL) earnings time?
Dingdong (DDL) earnings time is at Feb 18, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is DDL EPS forecast?
Currently, no data Available
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