Yatsen Q2 FY26 net loss widens to RMB 90.8 million; net revenues rise 5.1% to RMB 1.14 billion
Reuters2026/09/02 09:01- Yatsen posted Q2 2026 net revenues up 5.1% to RMB 1.14 billion; gross margin fell 4.4 percentage points to 73.9%.
- Net loss widened to RMB 90.8 million; loss per diluted ADS deepened to RMB 0.97.
- Skincare brands net revenues climbed 40.4% to RMB 816.1 million; color cosmetics net revenues fell 35.8%.
- Inventory provisions tied to color cosmetics SKU rationalization weighed on margin as Yatsen streamlined its color cosmetics portfolio.
- Q3 2026 net revenues forecast at RMB 898.6 million to RMB 998.4 million, implying a year-over-year decrease of about 0% to 10%.
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