Welcome to our dedicated page for The Honest Company news (Ticker: $HNST), a resource for investors and traders seeking the latest updates and insights on The Honest Company stock.
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 The Honest Company'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 The Honest Company's position in the market.
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
-
Rhea-AI Summary
The Honest Company has announced an inducement grant to its new Chief Financial Officer, Mr. Dave Loretta. The grant consists of 827,357 restricted stock units under the 2023 Inducement Plan. The restricted stock units will vest over time, with 25% vesting on August 19, 2024, and 6.25% vesting on each quarterly vesting date thereafter, contingent on Mr. Loretta's continued employment.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
-
Rhea-AI Summary
The Honest Company (NASDAQ: HNST) will report its third quarter 2023 financial results on November 8, 2023, after the market closes. The company will host an investor conference call and webcast at 1:30pm PT/4:30pm ET on the same day. Participants can access the live webcast at https://investors.honest.com and join the conference call by phone using the provided dial-in details. A replay of the webcast will be available on the company's website for one year.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.64%
Tags
Rhea-AI Summary
The Honest Company (HNST) will be participating in two upcoming investor conferences. CEO Carla Vernón and CFO Kelly Kennedy will host a roundtable discussion at the B. Riley Consumer Conference on September 14. CFO Kelly Kennedy and Chief Growth Officer Kate Barton will participate in investor meetings at the Wells Fargo 6th Annual Consumer Conference on September 21. An updated investor presentation is available on the company's investor relations website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
-
Rhea-AI Summary
The Honest Company appoints Dave Loretta as Chief Financial Officer, expecting improved cash flow, increased profitability, and higher shareholder value.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.07%
Tags
-
Rhea-AI Summary
The Honest Company reported an 8% increase in revenue for the second quarter of 2023, driven by strong retail consumption and growth in the digital channel. The company's Transformation Initiative contributed to positive operating cash flow through disciplined inventory management and cost structure focus. The company aims to expand margins and drive shareholder value in the back half of the year. Second quarter revenue by product category showed growth in diapers and wipes, a decrease in skin and personal care, and a significant increase in household and wellness. Digital revenue increased by 10%, while retail revenue increased by 5%. Gross margin was impacted by higher input costs and expenses associated with the Transformation Initiative. The company reported a net loss of $13 million for the second quarter of 2023. The company ended the quarter with $18 million in cash and no debt. The Transformation Initiative is expected to result in annualized benefits of $15 million to $20 million to Adjusted EBITDA. The company increased its full year 2023 revenue outlook to a low-single to mid-single digit increase.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.42%
Tags
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.68%
Tags
-
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.67%
Tags
-
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.14%
Tags
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
11.25%
Tags
The Honest Company, Inc.
Nasdaq:HNST
HNST Rankings
HNST Stock Data
292.07M
61.64M
14.61%
52.1%
1.2%
All Other Miscellaneous Chemical Product and Preparation Manufacturing
Manufacturing
United States of America
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