Honest Company, Inc. Stock Price, News & Analysis

The Honest Company (NASDAQ: HNST), a personal care company focused on clean formulations and sustainable design, has announced its participation in the ICR Conference 2025 in Orlando, Florida. The company's leadership team, including CEO Carla Vernón, CFO Dave Loretta, and CGO Kate Barton, will engage in investor meetings and deliver a presentation on January 14, 2025, at 1:00 p.m. EST. The presentation will be accessible via live webcast, with a replay available for 30 days following the event.

The Honest Company (NASDAQ: HNST) reported strong Q3 2024 results with record revenue of $99 million, up 15.2% year-over-year. The company achieved positive net income of $165,000, an $8 million improvement from last year's loss. Gross margin expanded significantly by 710 basis points to 38.7%. Operating expenses increased by $3 million to $38 million. The company maintained a strong balance sheet with $53 million in cash and no debt. Based on strong performance, Honest raised its full-year 2024 outlook, projecting high single-digit revenue growth and adjusted EBITDA of $20-22 million.

The Honest Company (NASDAQ: HNST) announced it will release its third quarter 2024 financial results after market close on Tuesday, November 12, 2024. The company will host an investor conference call and webcast at 1:30pm PT/4:30pm ET on the same day to discuss the results. Participants can access the live webcast through the company's investor relations website or join via phone by registering through the provided link. A replay will be available on the company's website for one year.

The Honest Company has announced its second collaboration with Lil' Libros, launching a -edition product line inspired by Alebrijes, fantastical creatures from Mexican folk art. Available exclusively at Walmart from August 1 to November 1, 2024, the collection features diapers, wipes, and baby care essentials adorned with vibrant, bilingual prints celebrating Latin American culture.

This partnership aims to authentically honor cultural diversity while providing clean and sustainably-designed products for families. The Honest Company's baby products are crafted with sensitive skin in mind, using Clean Conscious® and responsibly sourced ingredients. This collaboration aligns with both brands' commitment to education, diversity, and creating meaningful experiences for families.

The Honest Company (NASDAQ: HNST) reported strong Q2 2024 results, raising its full-year outlook. Key highlights include:

- Record revenue of $93 million, up 10% year-over-year
- Gross margin improved to 38.3%, a 1,120 basis point increase
- Net loss reduced to $4 million from $13 million in Q2 2023
- Adjusted EBITDA positive at $8 million, compared to -$4 million in Q2 2023

The company attributes its success to its Transformation Pillars strategy. Based on H1 2024 performance, Honest raised its full-year 2024 outlook, projecting mid-to-high single-digit revenue growth and adjusted EBITDA of $15-18 million.

The Honest Company (NASDAQ: HNST), a personal care company focused on clean and sustainable products, has announced its upcoming second quarter 2024 financial results release. The company will disclose its financial performance after the market closes on Thursday, August 8, 2024. Following the release, Honest will host an investor conference call and webcast at 1:30pm PT/4:30pm ET on the same day to discuss the results.

Investors and interested parties can access the live webcast through the company's investor relations website or a provided direct link. For those preferring to participate via phone, a registration link is available to receive dial-in details. To ensure timely participation, attendees are encouraged to join the call fifteen minutes before the scheduled start time. A replay of the webcast will be accessible on the company's website for one year following the event.

The Honest Company (NASDAQ: HNST) reported strong first quarter 2024 results with revenue reaching $86 million, a 3% increase from 2023. The company achieved a gross margin of 37%, a significant expansion of 1,275 basis points year-over-year. Operating expenses decreased by $6 million, leading to a net loss of $1 million compared to $19 million in 2023. Adjusted EBITDA was positive $3 million, marking the second consecutive quarter of positive adjusted EBITDA. The company reaffirmed its full year 2024 financial outlook with a focus on revenue growth and profitability.