US Stock Market Move | Dingdong (Cayman) Ltd. Sponsored ADR Class A (DDL.US) closed with a gain of over 13%, the company achieved overall profitability in 2024, and announced a $20 million buyback plan.

On Thursday, Dingdong (Cayman) Ltd. Sponsored ADR Class A (DDL.US) surged after its earnings report, rising more than 17% during the trading session. By the close of trading, the stock was up 13.38% at $3.56, with a total daily trading volume of $7.8613 million. In terms of news, Dingdong (Cayman) Ltd. Sponsored ADR Class A released its earnings report. In the fourth quarter of 2024, the company's revenue reached 5.91 billion yuan, an 18.3% year-on-year increase. Under Non-GAAP standards, the company achieved a net profit of 120 million yuan for the quarter. Additionally, for the full year of 2024, Dingdong (Cayman) Ltd. Sponsored ADR Class A achieved a GMV of 255.6 billion yuan, a 16.3% year-on-year increase; revenue reached 230.7 billion yuan, a 15.5% year-on-year increase. Under Non-GAAP standards, the company achieved a net profit of 420 million yuan, more than an 8-fold increase year-on-year. It is worth mentioning that the company achieved annual profitability under GAAP standards for the first time this year. Furthermore, Dingdong (Cayman) Ltd. Sponsored ADR Class A announced that its board of directors has authorized a share buyback program, allowing the company to repurchase up to $20 million worth of shares by March 5, 2026. It is worth noting that this share buyback program comes after another buyback program announced on January 29, 2024.