Achieves Record Quarterly Revenue of $100 Million, an Increase of 11% from Prior YearExpands Quarterly Gross Margin 530 Basis Points to 39% versus Prior Year LOS ANGELES, Feb. 26, 2025 (GLOBE NEWSWIRE) -- The Honest Company (NASDAQ: HNST), a personal care company dedicated to creating cleanly-formulated and sustainably-designed products, today reported fourth quarter and full year 2024 financial results for the period ended December 31, 2024. Fourth Quarter 2024 Financial Highlights Compared to Prior Year P ...

LOS ANGELES, Feb. 24, 2025 (GLOBE NEWSWIRE) -- The Honest Company (NASDAQ:HNST), a personal care company dedicated to creating cleanly-formulated and sustainably-designed products, today announced Etienne von Kunssberg as the Company's new SVP of Supply Chain, effective February 24, 2025. "We're excited to welcome Etienne as our SVP of Supply Chain at Honest. He is a seasoned supply chain executive with a proven track record of driving efficiencies at top global organizations," said Carla Vernón, CEO of Th ...

Core Insights - The Honest Company has announced that CEO Carla Vernón has been named to the 2025 CNBC Changemakers: Women Transforming Business list, recognizing her leadership and impact in the business landscape [1][2]. Company Performance - Under Carla Vernón's leadership, The Honest Company has strengthened its financial foundation, achieving record financial performance with $99 million in Q3 2024 revenue, representing a 15% year-over-year increase [2]. Leadership and Vision - Carla Vernón emphasizes the importance of representation and authenticity in leadership, stating that the company is on a mission to challenge industry standards and drive meaningful change [2]. - The company has implemented its Transformation Pillars of Brand Maximization, Margin Enhancement, and Operating Discipline to restore confidence and drive sustained growth [2]. Recognition and Events - Carla Vernón will be honored at CNBC's Changemakers Summit on April 8, alongside 49 other leaders, celebrating their collective impact on innovation and business [3]. Company Overview - The Honest Company, launched in 2012, focuses on creating cleanly-formulated and sustainably-designed personal care products across various categories, including diapers, beauty, and wellness [4].

We have great faith in the long-term sales and profit growth of personal care companies like The Honest Company (NASDAQ: HNST ). For instance, we remain positive about Helen ofI write for retail value investors who cannot afford to lose money but sometimes like to take a risk. I speak for free to community and school groups. I was teaching business, social/political activism, and Middle East politics to international university students in Tel Aviv b4 the pandemic hit. A college in Jerusalem hired me to tea ...

Core Points - The Honest Company will report its fourth quarter and full year 2024 financial results on February 26, 2024, after market close [1] - An investor conference call and webcast will be held on the same day at 1:45pm PT/4:45pm ET to discuss the financial results [2] - The Honest Company focuses on creating cleanly-formulated and sustainably-designed personal care products across various categories [3] Company Overview - The Honest Company was launched in 2012 and aims to challenge traditional ingredients and industry standards through its brand and mission [3] - The product categories include diapers, wipes, baby personal care, beauty, apparel, household care, and wellness [3] - The company emphasizes its commitment to the Honest Standard, which reflects its dedication to product safety and sustainability [3] Investor Relations - Interested participants can access the live webcast through the company's investor website [2] - For phone participation, registration is required to receive dial-in details [2] - A replay of the webcast will be available on the company's website for one year [2]

Group 1: Market Overview - Artificial intelligence stocks experienced a decline following a potential breakthrough from DeepSeek, prompting Wall Street analysts to question major tech companies like Microsoft and Meta about the implications for the industry and their capital expenditure plans [1] - The recalibration of the AI trade may provide opportunities for other market sectors to recover, particularly low-priced stocks with strong fundamentals [2] Group 2: Investment Opportunities - Investors are encouraged to explore stocks priced at $10 or less, which are considered to have strong fundamentals and improving earnings outlooks, as indicated by favorable Zacks Ranks [3][6] - Stocks trading under $10 are generally less risky than penny stocks, which are defined as securities trading for less than $5, but still carry speculative risks [4][6] Group 3: Stock Screening Criteria - A screening process has been established to identify promising stocks under $10, focusing on parameters such as an average broker rating of 3.5 or lower, at least two analysts covering the stock, and upward earnings estimate revisions [7][8] - The Honest Company (HNST) is highlighted as a notable stock under $10, with a significant recovery of 425% from its October 2023 lows and a projected sales growth of 9% in FY24 [9][11][12]

Core Viewpoint - Honest (HNST) has received an upgrade to a Zacks Rank 1 (Strong Buy), indicating a positive outlook for its stock based on rising earnings estimates [1][3]. Earnings Estimates and Stock Impact - The upgrade reflects an upward trend in earnings estimates, which significantly influences stock prices [1][4]. - The Zacks rating system is based on changes in earnings estimates, which are tracked through a consensus measure known as the Zacks Consensus Estimate [1][2]. Institutional Investor Influence - Changes in future earnings potential, as indicated by earnings estimate revisions, are strongly correlated with near-term stock price movements, largely due to institutional investors adjusting their valuations based on these estimates [4][5]. Earnings Estimate Revisions for Honest - Honest is projected to earn -$0.07 per share for the fiscal year ending December 2024, representing a year-over-year change of 82.9% [8]. - Over the past three months, the Zacks Consensus Estimate for Honest has increased by 600%, indicating a significant upward revision in earnings expectations [8]. Zacks Rank System Overview - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [7]. - The upgrade of Honest to a Zacks Rank 1 places it in the top 5% of Zacks-covered stocks, suggesting potential for higher stock movement in the near term [10].

Core Viewpoint - The Honest Company announces the retirement of CFO Dave Loretta, who will assist in the transition to a new CFO while the company reaffirms its financial outlook for 2024 [1][4]. Group 1: CFO Transition - CFO Dave Loretta will retire this year, and the company has initiated a search for his replacement with the help of an executive search firm [1]. - Loretta joined The Honest Company in 2023 and has played a crucial role in enhancing the company's financial strategy, leading to increased revenue and improved gross margins [2][3]. - The company expresses gratitude for Loretta's contributions and confidence in its future as it seeks a new CFO [2][3]. Group 2: Financial Outlook - The Honest Company reaffirms its full-year 2024 outlook, which includes revenue growth of a high single-digit percentage year-over-year and adjusted EBITDA projected between $20 million and $22 million [6][4]. - The company notes that its consolidated financial statements for the year ended December 31, 2024, are not yet finalized, and results may vary due to ongoing financial closing procedures [4]. Group 3: Company Overview - The Honest Company is dedicated to creating cleanly-formulated and sustainably-designed personal care products across various categories, including baby care, beauty, and household care [11]. - Founded in 2012, the company aims to challenge industry standards through its brand and product offerings [11].

Core Insights - The Honest Company will participate in investor meetings and host a presentation at the ICR Conference 2025 in Orlando, Florida on January 14, 2025 [1] - The presentation will be webcast live at 1:00 p.m. Eastern Standard Time and an archive will be available for 30 days [2] - The Honest Company focuses on cleanly-formulated and sustainably-designed personal care products across various categories including diapers, wipes, beauty, and household care [3] Company Overview - The Honest Company was launched in 2012 and aims to challenge traditional ingredients and industry standards through its brand and mission [3] - The product categories offered by the company include baby personal care, beauty, apparel, household care, and wellness [3] - The company emphasizes its commitment to the Honest Standard, which reflects its dedication to product integrity and sustainability [3]

Investors shouldn't rely entirely on outside recommendations for their stock buys, even if those doing the recommending are financial professionals. That said, when stock analysts change their views on a company, it can have an immediate and sometimes lasting effect on its shares.That goes a long way to explaining the more than 16% decline of The Honest Company's (HNST -0.90%) stock in December. The drop can also be attributed to a pullback in market sentiment, as the shares were on quite a run before that ...