Dingdong (Cayman) (DDL) investor relations material

Executive summary

• Achieved tenth consecutive quarter of GAAP profitability and fifteenth consecutive quarter of non-GAAP profitability, with strong year-over-year revenue and GMV growth.

• Business entered peak season in July, with record monthly and single-day GMV, driven by loyal member engagement and improved order frequency.

• Pending divestiture of China business to Meituan, with transaction awaiting anti-monopoly approval; no depreciation/amortization recognized for held-for-sale China assets, boosting net income.

Financial highlights

• GMV rose 11.8% year-over-year to RMB7,265.3 million (US$1,070.8 million).

• Total revenues increased 8.6% year-over-year to RMB6,487.3 million (US$956.1 million).

• Net income surged 153.5% year-over-year to RMB271.7 million (US$40.0 million); non-GAAP net income up 120.2% to RMB281.3 million (US$41.5 million).

• Gross margin improved to 29.6% from 28.8% year-over-year.

• Basic and diluted net income per share were RMB0.87 (US$0.13), up from RMB0.33.

Outlook and guidance

• Management expects continued growth momentum, citing record GMV in July and ongoing peak season performance.

• Strategic focus remains on product quality, supply chain efficiency, and user engagement to sustain long-term growth.