Earnings ·
Dingdong (Cayman) Limited reported second quarter 2026 financial results showing total revenues of RMB6,487.3 million…
DDLDingdong (Cayman) Ltd
Dingdong (Cayman) Limited reported second quarter 2026 financial results showing total revenues of RMB6,487.3 million (US$956.1 million), an 8.6% year-over-year increase. Net income rose to RMB271.7 million (US$40.0 million), driven by a RMB199.1 million benefit from ceasing depreciation on its China business, which is classified as held-for-sale pending regulatory approval for its divestment to Meituan. GMV grew 11.8% year-over-year to RMB7,265.3 million (US$1,070.8 million), marking the tenth consecutive quarter of positive growth. The company also announced a management change: Senior Finance Director Zhou Chen resigned and was succeeded by Yikun Zhu. Dingdong operates in the fresh grocery e-commerce industry.