OTTAWA, Ontario, Dec. 03, 2024 (GLOBE NEWSWIRE) -- The Honest Talk is thrilled to announce a significant milestone in its journey to create Canada’s largest community for women. Air Canada has joined as a platinum partner, marking a momentous step forward in The Honest Talk’s mission to tell the stories and share the experiences of women across the country. Through this exciting partnership, The Honest Talk will feature the experiences of women in aviation, including profiles of Air Canada’s leading female ...

The Honest Company (HNST 1.67%) has quietly emerged as one of 2024's best-performing stocks, surging 118% year to date, compared to the S&P 500's 23.5% gain. This impressive performance reflects a dramatic turnaround in the company's fundamental business metrics, yet the stock may still have significant room to run.This growth story is just beginning. The Honest Company's $726 million market cap represents a tiny fraction of the $550 billion-plus personal-care market, suggesting substantial upside potential ...

The Consumer Discretionary group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Honest (HNST) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.Honest is a member of our Consumer Discretionary group, which includes 270 different companies and currently sits at #6 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of th ...

Have you been paying attention to shares of Honest (HNST) ? Shares have been on the move with the stock up 72% over the past month. The stock hit a new 52-week high of $6.77 in the previous session. Honest has gained 97% since the start of the year compared to the 11.5% move for the Zacks Consumer Discretionary sector and the 12% return for the Zacks Consumer Products - Discretionary industry.What's Driving the Outperformance?The stock has an impressive record of positive earnings surprises, as it hasn't mi ...

The Honest Company, Inc. (HNST) reported solid third-quarter 2024 results, wherein both top and bottom lines beat the Zacks Consensus Estimate and increased year over year.The Honest Company reported impressive double-digit revenue growth, hitting an all-time high in sales, alongside a significant expansion in gross margin. The company's strategic focus on its transformation pillars, brand maximization, margin enhancement and operating discipline has been key to its success. The better-than-expected third-q ...

Financial Data and Key Metrics Changes - The Honest Company achieved its highest quarterly revenue in history with $99 million in sales, representing a 15% year-over-year increase [7][26] - Gross margin expanded to 39%, an increase of 710 basis points compared to the same period last year [7][30] - Adjusted EBITDA was $7 million, marking the fourth consecutive quarter of positive adjusted EBITDA [8][35] Business Line Data and Key Metrics Changes - Strong performance was noted in the baby products and wipes portfolios, contributing to the overall revenue growth [26] - Retail tracked channel consumption grew 9% year-over-year, while Amazon consumption increased by 19% [9][26] Market Data and Key Metrics Changes - Honest's portfolio outperformed the personal care sector, which saw a 2% decline in consumption [9] - Household penetration among Honest users reached 6.7%, an increase of 23 basis points year-over-year [18] Company Strategy and Development Direction - The company focuses on brand maximization, margin enhancement, and operating discipline as transformation pillars [7] - There is a strategic intent to expand distribution, particularly in the dollar store segment, where Honest currently has no presence [55] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the sustainability of consumption trends, supported by strong household penetration and repeat purchase rates [64][66] - The company raised its full-year revenue guidance to high single-digit percentage growth and adjusted EBITDA guidance to $20 million to $22 million [38][40] Other Important Information - The company is actively monitoring potential tariff impacts on its wipes sourced from China and is preparing for diversification of sourcing [76][78] - Marketing expenses increased to $13 million, reflecting a balanced approach to brand awareness and consumer engagement [34] Q&A Session Summary Question: Impact of shipment benefits on the quarter - Management indicated that approximately 3 to 4 percentage points of revenue growth were attributed to inventory supplied for retail events [46] Question: Confidence in marketing investments for growth - Management expressed comfort in increasing marketing spend to drive brand awareness and trial, noting positive results in household penetration [50] Question: Opportunity in the Dollar Store segment - Management highlighted a growth strategy focused on distribution, noting that there is significant runway for expansion in the dollar channel [55] Question: Sustainability of consumption trends - Management indicated strong underlying fundamentals for consumption, driven by unit growth and increased basket sizes [64][66] Question: Gross margin sustainability - Management confirmed that gross margin improvements are structural and sustainable, with ongoing efforts to reduce product costs [67][69] Question: Amazon Prime Day effectiveness - Management noted that Prime Day attracts both loyal customers and new-to-brand shoppers, enhancing brand awareness [72][74] Question: Exposure to China sourcing - Management is actively working on plans for diversification and cost reductions in response to potential tariffs on wipes sourced from China [76][78] Question: Gross margin lift from price mix benefits - Management clarified that the gross margin increase was primarily due to cost savings rather than pricing [81]

Investor Strategic Update 2024 Updated Post Q3 2024 Earnings (B) Forward Looking Statements This presentation contains certain forward-looking statements within the meaning of the federal securities laws, including statements about the outlook of our business and industry and other matters referenced in our earnings release and SEC filings. All statements other than statements of historical fact contained in this presentation, including statements on our business strategy, plans, objectives, financial resul ...

Honest (HNST) reported break-even quarterly earnings per share versus the Zacks Consensus Estimate of a loss of $0.03. This compares to loss of $0.09 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 100%. A quarter ago, it was expected that this consumer products company would post a loss of $0.05 per share when it actually produced a loss of $0.04, delivering a surprise of 20%.Over the last four quarters, the company has surpa ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-40378 The Honest Company, Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 90-0750205 (State or Other Jur ...

Exhibit 99.1 The Honest Company Reports Strong Third Quarter 2024 Results and Raises Full Year Outlook Achieves Record Revenue of $99 million, an Increase of 15% from Prior Year Quarter Delivers Positive Net Income, an Increase of $8 million from Prior Year Quarter Expands Gross Margin 710 Basis Points to 39% Versus Prior Year Quarter Raises Full Year 2024 Revenue and Adjusted EBITDA Outlook LOS ANGELES, Calif. – November 12, 2024 – The Honest Company (NASDAQ: HNST), a personal care company dedicated to cre ...