Dingdong (Cayman) Ltd. (DDL), a fresh grocery e-commerce company in mainland China, on Friday announced a sharp decline in first quarter profit, compared with the previous year.
For the first quarter, net income attributable to ordinary shareholders fell to RMB 5.62 million, or $774 million, from RMB 10.02 million in the prior year.
Net income per Class A and Class B ordinary shares was RMB 0.03 versus RMB 0.02 last year.
Adjusted net income attributable to ordinary shareholders was RMB 27.94 million, or $3.85 million, while it was RMB 39.23 million in the same quarter last year.
Adjusted net income per Class A and Class B ordinary share was RMB 0.09 versus RMB 0.12 last year.
Operating loss widened in the quarter at RMB 21.24 million, or $2.93 million, from RMB 11.11 million in the previous year.
Adjusted operating income dropped to RMB 1.09 million, or $151 million, from RMB 18.09 million in the prior year.
Revenue declined to RMB 5.48 billion, or $755.03 million, from RMB 5.02 billion last year.
Looking ahead, the company aims to maintain year-over-year growth in scale and expects to achieve adjusted profitability in the second quarter of 2025.
In the premarket trading, Dingdong is 2.52% lesser at $2.32 on the New York Stock Exchange.
For comments and feedback contact: editorial@rttnews.com
Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.