YSG - Yatsen Holding Non-GAAP EPS of $0.00 revenue of $111.5M

May, 16 2023 05:20 AM Yatsen Holding Limited American Depositary Shares each representing four Class A

2023-05-16 05:20:06 ET

Yatsen Holding press release ( NYSE: YSG ): Q1 Non-GAAP EPS of $0.00.
Revenue of $111.5M.
Total net revenues from Skincare Brands ^[1] for the first quarter of 2023 increased by 34.2% to RMB245.1 million (US$35.7 million) from RMB182.7 million for the prior year period. As a percentage of total net revenues, total net revenues from Skincare Brands for the first quarter of 2023 increased to 32.0% from 20.5% for the prior year period.
Gross margin for the first quarter of 2023 was 74.3%, as compared with 69.0% for the prior year period.
Business Outlook

For the second quarter of 2023, the Company expects its total net revenues to be between RMB761.4 million and RMB856.6 million, representing a year-over-year decline of approximately 10% to 20%. These forecasts reflect the Company's current and preliminary views on the market and operational conditions, which are subject to change.

For further details see:

Company Name:	Yatsen Holding Limited American Depositary Shares each representing four Class A
Stock Symbol:	YSG
Market:	NYSE
Website:	ir.yatsenglobal.com