Financial Data and Key Metrics Changes - In Q4 2023, the company generated revenue of RMB 4.99 billion, with a gross merchandise volume (GMV) of RMB 5.53 billion, marking a 19.5% year-over-year decline in revenue [5][18] - The gross profit margin increased to 30.6% sequentially, while the non-GAAP net profit margin was 0.3% for Q4 and 0.2% for the full year [5][16] - The company achieved non-GAAP profitability for the fifth consecutive quarter and marked its first full year of non-GAAP profitability in 2023 [5][14] Business Line Data and Key Metrics Changes - Private label products accounted for 21.1% of total GMV in Q4, a year-over-year increase of 3.1 percentage points [8] - The average order value (AOV) remained stable at RMB 72.1 in Q4, which is 23% higher than the same period in 2021 [7][8] - The average monthly order frequency increased from 3.7 orders in 2021 to four orders in 2023 [8] Market Data and Key Metrics Changes - GMV in the core East China market grew at a CAGR of 10% from 2021, with a same-store growth of 13.5% [8] - In Q4, regions like Jiangsu and Zhejiang provinces saw GMV and order volume growth of over 8% year-over-year [18] Company Strategy and Development Direction - The company aims to strengthen its presence in key markets, particularly Jiangsu, Zhejiang, and Shanghai, while expanding into new categories beyond traditional dining scenarios [33] - The focus will be on enhancing supply chain efficiency and increasing the proportion of private label products in non-fresh grocery categories [33][34] - The company plans to invest more resources in marketing and operational improvements to drive efficiency and sustainability [21][34] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in regaining GMV growth momentum in 2024 and maintaining non-GAAP profitability [15] - The company highlighted the importance of adapting to changing consumer preferences and the current economic environment [32][35] - Management emphasized the need for certainty in consumer expectations and the company's commitment to refining core competencies [35] Other Important Information - The company achieved a net operating cash inflow of RMB 120 million in Q4, with a total cash and cash equivalents balance of RMB 5.31 billion at the end of the quarter [17][22] - The company plans to repurchase up to $20 million of its shares by January 2025, citing the stock's undervaluation and strong financial position [26][28] Q&A Session Summary Question: Can you provide more details on the share repurchase plan? - Management confirmed a stock repurchase plan of up to $20 million, emphasizing the stock's undervaluation and the company's strong cash reserves [26][27] Question: Can you summarize the year and any changes in strategies? - Management reflected on the challenges faced during the pandemic and highlighted the company's shift to a strategy prioritizing efficiency, resulting in five consecutive quarters of non-GAAP profitability [30][31]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of February 2024 Commission File Number: 001-40533 Dingdong (Cayman) Limited Building 1, 56 Fanchang Road Shanghai, 201201 People's Republic of China (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F ...

SHANGHAI, Feb. 29, 2024 /PRNewswire/ -- Dingdong (Cayman) Limited ("Dingdong" or the "Company") (NYSE: DDL), a leading fresh grocery e-commerce company in China, with advanced supply chain capabilities, today announced its unaudited financial results for the quarter ended December 31, 2023. Fourth Quarter 2023 Highlights: Non-GAAP net income for the fourth quarter of 2023 was RMB16.3 million (US$2.3 million), the fifth consecutive quarter of non-GAAP profitability. GMV of Jiangsu and Zhejiang for the four ...

Core Viewpoint - Dingdong (Cayman) Limited has announced a share repurchase program authorizing the repurchase of up to US$20.0 million of its shares until January 28, 2025, reflecting the company's confidence in its financial position and cash flow [1][2]. Company Overview - Dingdong (Cayman) Limited is a leading fresh grocery e-commerce company in China, focusing on sustainable long-term growth by providing fresh produce, prepared food, and other food products through a convenient shopping experience [3]. - The company has developed private label products across various food categories, many of which are produced at its own production plants, ensuring the quality and safety of its offerings [3]. Share Repurchase Program Details - The share repurchase may occur on the open market at prevailing prices, through privately negotiated transactions, block trades, or other legally permissible means, depending on market conditions [2]. - The management plans to implement the repurchase program after the annual results are published on or before March 31, 2024, potentially utilizing Rule 10b5-1 and/or Rule 10b-18 under the U.S. Securities Exchange Act of 1934 [2]. - The board of directors will periodically review the program and may adjust its terms and size as necessary, with funding expected to come from existing cash reserves [2].

Core Viewpoint - Dingdong (Cayman) Limited has announced the appointment of Mr. Song Wang as Chief Financial Officer and Ms. Hongli Gong as Chief Human Resources Officer, effective December 26, 2023, aiming to enhance the company's operational efficiency and effectiveness [1][4]. Group 1: Appointments - Mr. Song Wang has been appointed as Chief Financial Officer, responsible for overall financial matters and investor relations [1]. - Ms. Hongli Gong has been appointed as Chief Human Resources Officer, overseeing the company's human resources management [1]. Group 2: Background of Appointees - Mr. Wang has nearly 17 years of experience in China's consumer and retail industry, previously holding senior financial roles at various leading e-commerce and retail companies, including Ele.me and Lianhua Supermarket [2]. - Ms. Gong has over a decade of experience in human resources, having worked at Dingdong previously and at Taimei Technology, focusing on human resources business partnership [3]. Group 3: Statements from Leadership - Mr. Wang expressed honor in his new role and emphasized the importance of the finance team in advancing the company's sustainable development in capital markets [4]. - Ms. Gong highlighted her commitment to developing Dingdong's culture and core values, fostering communication within the company [4]. - The Chairman and CEO, Mr. Changlin Liang, expressed confidence that the promotions will benefit the company and enhance its commitment to stakeholders [4]. Group 4: Company Overview - Dingdong is a leading fresh grocery e-commerce company in China, providing fresh produce and food products through a self-operated fulfillment grid, aiming to be the first choice for food shopping among Chinese families [5].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of November 2023 Commission File Number: 001-40533 Dingdong (Cayman) Limited Building 1, 56 Fanchang Road Shanghai, 201201 People's Republic of China (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F ...

Dingdong (Cayman) Limited (NYSE:DDL) Q3 2023 Results Conference Call November 16, 2023 7:00 AM ET Company Participants Nicky Zheng - Director of Investor Relations Changlin Liang - Founder and Chief Executive Officer Song Wang - Senior Vice President Conference Call Participants Thomas Chong - Jefferies Sophia Chi - Daiwa Jiajing Chen - CICC Operator Good morning and good evening, ladies and gentlemen. Thank you for standing by, and welcome to the Dingdong Limited Third Quarter 2023 Earnings Conference Call ...

Dingdong (Cayman) Limited (NYSE:DDL) Q2 2023 Earnings Conference Call September 1, 2023 8:00 AM ET Company Participants Nicky Zheng - Director of Investor Relations Changlin Liang - Founder and Chief Executive Officer Song Wang - Senior Vice President Conference Call Participants Thomas Chong - Jefferies Joyce Ju - Bank of America Robin Leung - Daiwa Jiajing Chen - CICC Operator Good morning, and good evening, ladies and gentlemen. Thank you for standing by, and welcome to the Dingdong Limited Second Quarte ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of September 2023 Commission File Number: 001-40533 Dingdong (Cayman) Limited Building 1, 56 Fanchang Road Shanghai, 201201 People's Republic of China (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40- ...

Financial Data and Key Metrics Changes - In Q1 2023, GMV was RMB5.45 billion, down 6.8% year-over-year, while revenue was RMB5 billion, down 8.2% compared to the previous year [6][15] - The gross margin improved to 30.7%, up 2 percentage points year-over-year [16] - Non-GAAP net margin optimized by 7.9 percentage points from a year ago, achieving non-GAAP breakeven in Q1 [18] Business Line Data and Key Metrics Changes - Average order volume per station increased by 7.7% year-over-year, and order frequency per user rose by 13.8% [7] - Private label prepared food accounted for 19% of total GMV, with over 70% increase in private label penetration [11] - Sales from the Qingyang Planet page contributed to 7.4% of GMV in Q1 [12] Market Data and Key Metrics Changes - GMV in East China region increased by 6.3% year-over-year, indicating significant regional growth [8][15] - The decline in overall GMV was attributed to the high base from the previous year due to pandemic-related lockdowns [6][15] Company Strategy and Development Direction - The company shifted its strategy from subsidies and discounted pricing to focusing on product quality and brand trust [8][27] - The new growth flywheel emphasizes building user mind share through high-quality products, which is expected to drive long-term growth [27][28] - Plans to expand into non-fresh grocery categories to enhance brand image and improve gross margins [16] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the impact of seasonal factors and increased travel during the Chinese New Year on Q1 sales [9] - The company remains confident in achieving non-GAAP profitability for both Q2 and the full year of 2023 [14][19] - Management emphasized the importance of product development and maintaining a focus on quality to navigate competitive pressures [36] Other Important Information - The company ended the quarter with RMB5.7 billion in cash and equivalents, indicating strong financial stability [19] - The operational strategy is designed to create a sustainable competitive advantage through superior product development and quality control [36] Q&A Session Summary Question: Has the company returned to a growth trajectory in sales, and how will it balance sales and profit in the future? - Management explained that the decline in sales was due to a high base from the previous year and the exit from unprofitable cities, but they are confident in long-term growth through quality product focus [21][22][23] Question: Can you elaborate on the new growth flywheel and its driving force? - The new growth flywheel focuses on building user mind share through high-quality products, which will lead to increased purchase frequency and profitability [25][27][28] Question: What is the next step for the development of prepared foods, and is this category profitable? - Prepared food products are designed to be healthy and delicious, and the category is proving to be profitable with plans for further expansion and innovation [31][33] Question: Can you comment on the current competitive landscape and the company's competitive advantages? - Management emphasized a collaborative approach rather than viewing others as competitors, highlighting strong product development and financial stability as key advantages [35][36]