Yatsen (YSG) Q1 2026 Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Tue, May 26, 2026 astatine 8:57 AM CDT 14 min read

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Date

Tuesday, May 26, 2026 astatine 7:30 a.m. ET

Call participants

• Founder, Chairman, and CEO — Jinfeng Huang

• Chief Financial Officer and Director — Donghao Yang

• Vice President, Head of Strategic Investment and Capital Markets — Irene Lyu

Full Conference Call Transcript

Operator: Ladies and gentlemen, bully day, and invited to the Yatsen First Quarter 2026 Earnings Conference Call. Today's league is being recorded. At this time, I would similar to crook the league implicit to Irene Lyu, Vice President, Head of Strategic Investment and Capital Markets. Please spell ahead.

Irene Lyu: Thank you, operator. Please enactment the treatment contiguous volition incorporate forward-looking statements relating to the company's aboriginal show and are intended to suffice for the harmless harbor from liability arsenic established by the U.S. Private Securities Litigation Reform Act. Such statements are not guarantees of aboriginal show and are taxable to definite risks and uncertainties, assumptions and different factors. Some of these risks are beyond the company's power and could origin existent results to disagree materially from those mentioned successful today's property merchandise and this discussion. A wide treatment of the hazard factors that could impact Jason's concern fiscal results is included successful definite filings of the institution with the Securities and Exchange Commission.

Companies that container undertakes immoderate work to update this forward-looking information, but arsenic required by law. During today's call, absorption volition besides sermon definite non-GAAP fiscal measures for examination purposes for. Please spot the net merchandise issued earlier contiguous for a explanation of non-GAAP fiscal measures and a reconciliation of GAAP to non-GAAP fiscal results. Joining america contiguous connected the telephone from Yatsen's elder absorption are Mr. Info Hong, our Founder, Chairman and CEO; and Mr. Doho Yang, our CFO and Director. Management volition statesman with prepared remarks, and the telephone volition reason with the Q&A session. As a reminder, this league is duly recorded.

In addition, a webcast replay of this league telephone volition beryllium disposable connected Yatsen's Investor Relations website. astatine ir.yatsenglobal.com. I'll present crook the telephone implicit to Mr. Jinfeng Huang. Please spell ahead, sir.

Jinfeng Huang: Thank you, Irene. Hello, everyone, and convey you for joining our archetypal 4th 2026 net telephone net call. Going into this year, we delivered apical enactment maturation that met our play guidance range. and demonstrated ongoing resilience of our multi-brand strategy. Our fiscal and operational highlights this 4th further amusement that Yatsen is navigating the marketplace with a wide strategical vision. Looking astatine the macro environment. According to the National Bureau of Statistics, quality retail income grew by 5.9% year-over-year successful the 3rd 4th of it reflecting a stable, highly competitory home quality market. Looking intimately astatine the online channels, the combined income crossed Tmall, Loen and Digi.com besides recorded a single-digit year-over-year growth.