YSG - Yasten drops 14% as Q2 bottom-line misses estimates

Rising sales from our newly launched and acquired brands and an increase in the number of DTC customers cause a 53% jump in Yasten (YSG -15.0%) Q2 revenue. Gross margin was 65.7% vs. 61.1% last year. Number of DTC customers increased by 13.3% to 10.2M. Total operating expenses increased by 51.0% to $218.7M. Cash and cash equivalents and restricted cash of $635.9M. Net loss increased by 21.6% to $60.6M; Net loss margin was 25.7% vs. 32.4% prior. Non-GAAP net loss of $30.2M; Non-GAAP net loss margin was 12.8% vs. 17.4% prior. Non-GAAP EPS of -$0.05 misses by $0.01; GAAP EPS of -$0.10 misses by $0.03. "We are pleased with our performance in the second quarter, driven by customer growth stemming from our flagship brand Perfect Diary and newly incubated and acquired brands such as Pink Bear, Galénic, DR. WU, and Eve Lom. As our color cosmetics and skincare brands resonate more and more with consumers, we are confident and

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Yasten drops 14% as Q2 bottom-line misses estimates