GUANGZHOU, China, July 10,
2024 /PRNewswire/ -- Yatsen Holding Limited ("Yatsen"
or the "Company") (NYSE: YSG), a leading China-based beauty group, today provided an
updated revenue outlook for the second quarter of 2024.
The Company currently expects its revenue for the second quarter
of 2024 to be in the range of RMB772.7
million to RMB815.6 million,
representing a year-over-year decrease of approximately 5% to 10%,
compared to the previously stated range of RMB858.6 million to RMB901.5
million, representing a year-over-year increase of
approximately 0% to 5%. The foregoing reflects the Company's
current and preliminary views on the market and operational
conditions, which are subject to change.
About Yatsen Holding Limited
Yatsen Holding Limited (NYSE: YSG) is a leading China-based beauty group with the mission of
creating an exciting new journey of beauty discovery for consumers
around the world. Founded in 2016, the Company has launched and
acquired numerous color cosmetics and skincare brands including
Perfect Diary, Little Ondine, Pink Bear,
Galénic, DR.WU (its mainland China business), Eve Lom and EANTiM. The Company's
flagship brand, Perfect Diary, is one of the leading color
cosmetics brands in China in terms
of retail sales value. The Company primarily reaches and engages
with customers directly both online and offline, with expansive
presence across all major e-commerce, social and content platforms
in China.
For more information, please visit
http://ir.yatsenglobal.com/.
Safe Harbor Statement
This announcement contains statements that may constitute
"forward-looking" statements which are made pursuant to the "safe
harbor" provisions of the U.S. Private Securities Litigation Reform
Act of 1995. These forward-looking statements can be identified by
terminology such as "will," "expects," "anticipates," "aims,"
"future," "intends," "plans," "believes," "estimates," "likely to,"
and similar statements. The Company may also make written or oral
forward-looking statements in its periodic reports to the
Securities and Exchange Commission ("SEC"), in its annual report to
shareholders, in press releases and other written materials and in
oral statements made by its officers, directors or employees to
third parties. Statements that are not historical facts, including
statements about the Company's beliefs, plans, outlook and
expectations, are forward-looking statements. Forward-looking
statements involve inherent risks and uncertainties. A number of
factors could cause actual results to differ materially from those
contained in any forward-looking statement, which include but not
limited to the following: the Company's growth strategies; its
future business development, results of operations and financial
condition; its ability to continue to roll out popular products and
maintain popularity of existing products; its ability to anticipate
and respond to changes in industry trends and consumer preferences
and behavior in a timely manner; its ability to attract and retain
new customers and to increase revenues generated from repeat
customers; its expectations regarding demand for and market
acceptance of its products and services; its ability to integrate
newly-acquired businesses and brands; trends and competition in and
relevant government policies and regulations relating to
China's beauty market; changes in
its revenues and certain cost or expense items; and general
economic conditions globally and in China. Further information regarding these and
other risks is included in the Company's filings with the SEC. All
information provided in this press release is as of the date of
this press release, and the Company does not undertake any
obligation to update any forward-looking statement, except as
required under applicable law.
For investor and media inquiries, please contact:
In China:
Yatsen Holding Limited
Investor Relations
E-mail: ir@yatsenglobal.com
Piacente Financial Communications
Hui Fan
Tel: +86-10-6508-0677
E-mail: yatsen@thepiacentegroup.com
In the United
States:
Piacente Financial Communications
Brandi Piacente
Tel: +1-212-481-2050
E-mail: yatsen@thepiacentegroup.com
View original
content:https://www.prnewswire.com/news-releases/yatsen-prudently-adjusts-revenue-outlook-for-the-second-quarter-of-2024-302193187.html
SOURCE Yatsen Holding Limited