Yatsen Holding (YSG) Tops Q3 EPS by 1c

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Yatsen Announces Third Quarter 2021 Financial Results and US$100 Million Share Repurchase Program

November 18, 2021 5:00 AM EST

GUANGZHOU, China, Nov. 18, 2021 /PRNewswire/ -- Yatsen Holding Limited ("Yatsen" or the "Company") (NYSE: YSG), a leading Chinese beauty company, today announced its unaudited financial results for the third quarter ended September 30, 2021 and the authorization by its board of directors of a US$100 million share repurchase program.

Third Quarter 2021 Highlights

Total net revenues for the third quarter of 2021 increased by 6.0% to RMB1.34 billion (US$208.4 million) from RMB1.27 billion in the prior year period. Gross margin for the third quarter of 2021 was 67.9% compared to... More