Dingdong (Cayman) Second Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

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

Key Financial Results

• Revenue: CN¥5.60b (up 16% from 2Q 2023).
• Net income: CN¥69.4m (up from CN¥38.7m loss in 2Q 2023).
• Profit margin: 1.2% (up from net loss in 2Q 2023).
• EPS: CN¥0.30 (up from CN¥0.18 loss in 2Q 2023).

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

Dingdong (Cayman) Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 3.2%. Earnings per share (EPS) missed analyst estimates by 84%.

Looking ahead, revenue is forecast to grow 5.8% 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 3.5% from a week ago.

Risk Analysis

Be aware that Dingdong (Cayman) is showing 2 warning signs in our investment analysis that you should know about...

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