Dingdong Non-GAAP EPS of $0.01 beats by $0.01, revenue of $704.5M misses by $7.67M

Nov. 16, 2023 4:04 AM ETDingdong (Cayman) Limited (DDL)By: Meghavi Singh, SA News Editor

  • Dingdong press release (NYSE:DDL): Q3 Non-GAAP EPS of $0.01 beats by $0.01.
  • Revenue of $704.5M (-15.7% Y/Y) misses by $7.67M.
  • GMV for the third quarter of 2023 was $776.5 million, an increase of 6.4% sequentially primarily due to a 6.0% and 0.5% sequential increase in order volume and AOV, respectively.
  • Cash and cash equivalents and short-term investments were $771.9 million as of September 30, 2023.
  • “We have successfully meet our guidances for the first three quarters this year, and we are confident to achieve non-GAAP profitability in the fourth quarter and full year 2023.”

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