Yatsen Holding Ltd. (YSG), a Chinese provider of cosmetics and beauty products, on Wednesday reduced its second-quarter revenue outlook, reflecting the current and preliminary views on the market and operational conditions.
For the second-quarter, Yatsen now expects revenue of RMB772.7 million to RMB815.6 million against its previous guidance of RMB858.6 million to RMB901.5 million.
The revised guidance reflects an year-over-year decrease of around 5 percent to 10 percent, whereas the previous outlook shows an increase of approximately 0 percent to 5 percent.
For comments and feedback contact: editorial@rttnews.com
Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.