Yatsen Reports First Quarter 2021 Financial Results
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Yatsen Holding (YSG) Misses Q1 EPS by 2c, Revenues Beat
May 19, 2021 5:45 AM EDTYatsen Holding (NYSE: YSG) reported Q1 EPS of ($0.06), $0.02 worse than the analyst estimate of ($0.04). Revenue for the quarter came in at $220.5 million versus the consensus estimate of $215.27 million.
First Quarter 2021 Highlights
Total net revenues for the first quarter of 2021 increased 42.7% to RMB1.44 billion (US$220.5 million) from RMB1.01 billion for the first quarter of 2020.Gross margin for the first quarter of 2021 was 68.6% compared to 61.7% for the first quarter of 2020.Gross sales[1] for the first quarter of 2021 increased 47.0% to RMB1.69 billion (US$257.3 million) from RMB1.15 billion for the first quarter of 2020.The number of... More