The chart below shows how YSG performed 10 days before and after its earnings report, based on data from the past quarters. Typically, YSG sees a +15.25% change in stock price 10 days leading up to the earnings, and a +9.95% change 10 days following the report. On the earnings day itself, the stock moves by -9.12%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
Revenue Decline Analysis: Total net revenues decreased by 5.7% to RMB 677 million from RMB 718.1 million for the prior year period.
Gross Profit Increase: Gross profit for the third quarter of 2024 increased by 0.2% to RMB 513.8 million from RMB 512.8 million for the prior year period.
Gross Margin Improvement: Gross margin for the third quarter of 2024 increased to 75.9% from 71.4% for the prior year period.
Operating Expenses Decrease: Total operating expenses for the third quarter of 2024 decreased by 12% to RMB 655.2 million from RMB 744.3 million for the prior year period.
R&D Expense Comparison: Research and development expenses for the third quarter of 2024 totaled RMB 25.3 million, compared to RMB 24.7 million for the prior year period.
Negative
Revenue Decline Q3 2024: Total net revenues for the third quarter of 2024 decreased by 5.7% to RMB 677 million from RMB 718.1 million for the prior year period.
Color Cosmetics Revenue Decline: The decrease was primarily due to a 10% year-over-year decrease in net revenues from color cosmetics brands, partially offset by a 3.6% year-over-year increase in net revenues from skin care brands.
Operational Loss Comparison: Loss from operations for the third quarter of 2024 was RMB 141.3 million as compared with RMB 231.5 million for the prior year period.
Net Loss Comparison: Non-GAAP net loss for the third quarter of 2024 was RMB 98.5 million as compared with RMB 164.6 million for the prior year period.
Net Loss Per Share: Net loss attributable to Yatsen's ordinary shareholders per diluted ADS for the third quarter of 2024 was RMB 1.22 as compared with RMB 1.81 for the prior year period.
Yatsen Holding Limited (YSG) Q3 2024 Earnings Call Transcript
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