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Honest Company Inc (The ) - HNST STOCK NEWS

Welcome to our dedicated news page for Honest Company (The ) (Ticker: HNST), a resource for investors and traders seeking the latest updates and insights on Honest Company (The ).

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Honest Company (The )'s stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Honest Company (The )'s position in the market.

News
Founder Jessica Alba to Step Down from Role as Chief Creative Officer at The Honest Company Following a Record Q4 Performance
Rhea-AI Summary
The Honest Company (HNST) reported record quarterly sales and profits for Q4 2023, alongside an updated growth vision. Founder Jessica Alba steps down as Chief Creative Officer to focus on new ventures while remaining on the board. CEO Carla Vernón praises Alba's vision and leadership. Alba expresses pride in Honest's impact and looks forward to supporting the company's future.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.26%
Tags
none
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News
The Honest Company to Participate in the UBS Global Consumer and Retail Conference on March 14, 2024
Rhea-AI Summary
The Honest Company (NASDAQ: HNST) will have its CEO and CFO participate in the UBS Global Consumer and Retail Conference in New York City. The presentation will be live-streamed on the company's investor relations website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.66%
Tags
conferences
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News
The Honest Company Reports Fourth Quarter and Full Year 2023 Financial Results and Provides Full Year 2024 Financial Outlook
Rhea-AI Summary
The Honest Company (HNST) reports double-digit revenue growth and improved gross margin in Q4 2023, achieving positive net income and adjusted EBITDA. The company's Transformation Initiative drives financial success with focus on Brand Maximization, Margin Enhancement, and Operating Discipline. Revenue increased 10% to $90 million in Q4, with strong performance in Diapers and Wipes, Digital channel, and reduced operating expenses. Full year 2023 revenue reached $344 million, surpassing outlook, driven by new distribution and price increases. Gross margin improved by 600 basis points in Q4. The company ended 2023 with $33 million in cash and no debt. The long-term financial algorithm aims for steady operating improvement and revenue growth of 4-6% annually. Fiscal year 2024 outlook includes low-to-mid single-digit revenue growth and positive adjusted EBITDA.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
24.76%
Tags
earnings
News
The Honest Company Announces Inducement Grant Under Nasdaq Listing Rule 5635(c)(4)
Rhea-AI Summary
The Honest Company (HNST) granted Ms. Dorria L. Ball 208,757 restricted stock units under the 2023 Inducement Plan for her role as Chief People Officer. The grant, approved on February 29, 2024, is subject to a vesting schedule starting on February 29, 2024, with 25% vesting on March 4, 2025 and 6.25% quarterly thereafter.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
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News
The Honest Company to Report Fourth Quarter and Full Year 2023 Financial Results on March 6, 2024
Rhea-AI Summary
The Honest Company (HNST) will release its Q4 and full-year 2023 financial results on March 6, 2024. An investor conference call and webcast will follow to discuss the results.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.5%
Tags
conferences earnings
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News
The Honest Company Announces Appointment of Dorria L. Ball as Chief People Officer
Rhea-AI Summary
The Honest Company (HNST) announces Dorria L. Ball as the new Chief People Officer (CPO), effective immediately. Ball, with over 20 years of U.S. and global human resources experience, has been serving in this role on an interim basis since August 2023. Reporting to CEO Carla Vernón, Ball will continue to lead the People & Workplace function and contribute to the company's transformation initiative. The Company reaffirms its full year revenue and adjusted EBITDA outlook communicated in its November 8, 2023, third-quarter earnings release.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
management
News
The Honest Company Announces Appointment of Michael Barkley, Alissa Hsu Lynch, and Andrea Turner to the Board of Directors
Rhea-AI Summary
The Honest Company (NASDAQ: HNST) has appointed Michael Barkley, Alissa Hsu Lynch, and Andrea Turner to its Board of Directors. The three leaders bring significant capabilities to support the company's growth plans, strengthening the board with their expertise in consumer goods, retail, digital, and supply chain management.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.65%
Tags
management
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News
The Honest Company Inc. Broadens Partnership with Tinuiti; Empowering Continued Growth and Marketplace Expansion
Rhea-AI Summary
Tinuiti expands partnership with The Honest Company Inc. [HNST], a digitally-native consumer products company dedicated to creating clean- and sustainably-designed products. Tinuiti is The Honest Company's official Paid Media Agency, overseeing Paid Search, Shoppable Media, Paid Social, Affiliate, Marketplaces, and Analytics. The partnership aims to drive sales and efficient ad spend, leveraging new opportunities for growth and maximizing performance across multiple channels.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.88%
Tags
partnership
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News
The Honest Company to Participate in a Fireside Chat at Morgan Stanley Global Consumer & Retail Conference
Rhea-AI Summary
The Honest Company (NASDAQ: HNST) announced CEO Carla Vernón and CFO Dave Loretta will be participating in a fireside chat at the Morgan Stanley Global Consumer & Retail Conference in New York City on December 6, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
16.59%
Tags
conferences
News
The Honest Company Reports Third Quarter 2023 Results
Rhea-AI Summary
HNST: The Honest Company Exceeds Q3 Revenue Expectations, Drives Highest Gross Margin in Two Years, Raises Outlook. Transformation Initiative boosts gross margin to 31.6%, with Q3 revenue at $86M, up 2%. Diapers and Wipes revenue down 5%, Skin and Personal Care down 4%, Household and Wellness up 68%. Digital channel revenue up 19%, Retail down 9%. Q3 net loss at $8M, adjusted EBITDA at negative $1M. $23M in cash, short-term investments at end of Q3, $5M increase from prior quarter. Transformation Initiative costs at $2M, expected to be $11-13M for full year 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
23.33%
Tags
earnings
Stock HNST logo
Honest Company Inc (The )

Nasdaq:HNST

HNST Rankings

#3394 Ranked by Market Cap
#5059 Ranked by Stock Gains
N/A Ranked by Dividends

HNST Stock Data

315.36M
61.64M
14.61%
52.1%
1.2%
All Other Miscellaneous Chemical Product and Preparation Manufacturing
Manufacturing
Link
United States
Los Angeles

About HNST

the honest company, a leading healthy lifestyle brand, is committed to creating products that are effective, safe, delightful, accessible, and responsible. in pursuit of its mission to empower people to live a healthy and happy life, the honest company's portfolio of 100+ products address the ever-growing category needs of baby, personal care, home care, vitamins & supplements, and gear. as a mission-driven company and trusted resource, honest provides education, support, and inspiration to its community of members. it was launched in 2012 and now has a presence across the u.s. and canada at honest.com and in over 3,500 retail locations. through its social goodness platform, honest invests in building healthy, safe families. the honest company is privately held and headquartered in santa monica, california. website: www.honest.com facebook: facebook.com/thehonestcompany instagram: instagram.com/honest twitter: twitter.com/honest pinterest: pinterest.com/honestcompany blog: blog