Joy Wei's questions to Four Seasons Education (Cayman) (FEDU) leadership • Q1 2021
Question
Joy Wei from 86Research inquired about the factors contributing to the declining year-on-year Q2 guidance and requested an outlook for the full fiscal year 2021, especially considering the rollout of the new OMO (Online-Merge-Offline) model.
Answer
CEO Yi Zuo explained that the Q2 guidance decline is a short-term issue caused by uncertainty around summer break schedules, aggressive competitor pricing which the company is not matching, and parental concerns about COVID-19 in offline centers. While declining to provide full-year guidance on the call, Yi Zuo expressed confidence in internal targets, highlighting new programs tailored to textbooks and strong growth in the middle school business as key future drivers.