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We provide the latest news from the world of economics and finance
(RTTNews) - 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.
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