Yatsen Holding Limited Provides Earnings Guidance for the Fourth Quarter of 2021
November 18, 2021 at 05:00 am EST
Yatsen Holding Limited announced earnings guidance for the fourth quarter of 2021, the Company expects its total net revenues to be between RMB 1.57 billion and RMB 1.67 billion, representing a year-over-year decline of approximately 15% to 20%, primarily due to the prior year period's high comparison basis and softer-than-expected industry-wide color cosmetics sales. These forecasts reflect the Company's current and preliminary views on the market and operational conditions, which are subject to change.