2024-02-05 11:56:19 ET
Summary
- Dingdong's Q4 2023 results are likely to be lackluster considering the high base in Q4 2022 and the weak economic numbers for China in the final quarter of last year.
- Dingdong has value drivers for the long run, such as private label and pre-made food products growth, and an improvement in shareholder capital return.
- My rating for DDL remains as a Hold, taking into account its near-term prospects and its long-term growth potential.
Elevator Pitch
I rate Dingdong (Cayman) Limited ( DDL ) as a Hold. I previously reviewed Dingdong's third quarter results with my earlier article published on November 17, 2023....
Read the full article on Seeking Alpha
For further details see:
Dingdong: Focus On Short-Term Financial Outlook And Long-Term Value Drivers