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 ...

Achieves Record Revenue of $99 million, an Increase of 15% from Prior Year QuarterDelivers Positive Net Income, an Increase of $8 million from Prior Year QuarterExpands Gross Margin 710 Basis Points to 39% Versus Prior Year QuarterRaises Full Year 2024 Revenue and Adjusted EBITDA Outlook LOS ANGELES, Nov. 12, 2024 (GLOBE NEWSWIRE) -- The Honest Company (NASDAQ: HNST), a personal care company dedicated to creating cleanly-formulated and sustainably-designed products, today reported financial results for the ...

Core Insights - The Honest Company achieved record revenue of $93 million in Q2 2024, representing a 10% increase compared to Q2 2023, driven by strong performance in baby products and wipes [1][3][9] - The company reported a gross margin of 38.3%, an increase of 1,120 basis points from 27.1% in the same quarter last year, attributed to improvements in cost structure and pricing strategies [4][5] - The company has raised its full-year 2024 revenue and adjusted EBITDA outlook based on better-than-expected performance in the first half of the year [9][10] Financial Performance - Revenue for Q2 2024 was $93,049 thousand, up from $84,544 thousand in Q2 2023, marking an increase of $8,505 thousand [3] - Gross profit for Q2 2024 was $35,612 thousand, compared to $22,898 thousand in Q2 2023 [18] - Operating expenses increased to $39,657 thousand from $36,285 thousand year-over-year, but as a percentage of revenue, they decreased by 30 basis points [5][19] - The net loss for Q2 2024 was $4,077 thousand, significantly improved from a net loss of $13,416 thousand in Q2 2023 [5][18] Adjusted EBITDA - Adjusted EBITDA for Q2 2024 was $7,595 thousand, a turnaround from a negative $4,099 thousand in Q2 2023, marking the third consecutive quarter of positive adjusted EBITDA [6][31] - The company expects adjusted EBITDA for the full year 2024 to be in the range of $15 million to $18 million, an increase from previous expectations [7][9] Balance Sheet and Cash Flow - As of June 30, 2024, the company had $37 million in cash and cash equivalents, an increase of $19 million compared to the same period in 2023, with no debt on the balance sheet [8][21] - Net cash provided by operating activities was $3 million for Q2 2024, slightly down from $4 million in Q2 2023 [8][26] Market Position and Strategy - The Honest Company focuses on clean and sustainably-designed personal care products, with a commitment to brand maximization, margin enhancement, and operating discipline [2][17] - The company has seen a 7% growth in tracked channel consumption, while comparative categories experienced a decline of 0.3% [3][4]

For Immediate Release Industry: Consumer Discretionary Chicago, IL – June 14, 2024 – Today, Zacks Equity Research discusses Reynolds Consumer Products Inc. (REYN) , Central Garden & Pet Co. (CENT) , The Honest Company, Inc. (HNST) and Lifetime Brands, Inc. (LCUT) . Link: https://www.zacks.com/commentary/2287761/4-stocks-to-watch-in-a-promising-consumer-productsdiscretionary-industry The Consumer Products-Discretionary industry looks promising amid gradually easing inflation and evolving consumer preferences ...

Shares of Honest (HNST) have been struggling lately and have lost 8.8% over the past week. However, a hammer chart pattern was formed in its last trading session, which could mean that the stock found support with bulls being able to counteract the bears. So, it could witness a trend reversal down the road. The formation of a hammer pattern is considered a technical indication of nearing a bottom with likely subsiding of selling pressure. But this is not the only factor that makes a bullish case for the sto ...

Honest (HNST) came out with a quarterly loss of $0.01 per share versus the Zacks Consensus Estimate of a loss of $0.08. This compares to loss of $0.19 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 87.50%. A quarter ago, it was expected that this consumer products company would post a loss of $0.08 per share when it actually produced earnings of $0.01, delivering a surprise of 112.50%.Over the last four quarters, the company ...

Updated Post Q1 2024 Earnings You should not rely upon forward-looking statements as predictions of future events. We have based the forward-looking statements contained in this presentation primarily on our current expectations and projections about future events and trends that we believe may impact our business, financial condition and operating results. Please note that these forward-looking statements reflect our opinions only as of the date of this presentation and we undertake no obligation to revise ...

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 March 31, 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) (State or Other Jurisdiction of (I.R.S. Emp ...

Exhibit 99.1 The Honest Company Reports First Quarter 2024 Results Transformation Pillars Continue to Drive Revenue Growth and Profitability Improvement Achieved 37% Gross Margin, Significant Expansion of 1,275 Basis Points Year-Over-Year Reaffirms Full Year 2024 Financial Outlook LOS ANGELES, Calif. – May 8, 2024 – The Honest Company (NASDAQ: HNST), a personal care company dedicated to creating clean- and sustainably-designed products, today reported financial results for the three months ended March 31, 2 ...

LOS ANGELES, April 24, 2024 (GLOBE NEWSWIRE) -- The Honest Company (NASDAQ:HNST), a personal care company dedicated to creating clean- and sustainably-designed products, today announced that it will report first quarter 2024 financial results after the market closes on Wednesday, May 8, 2024. The Company will host an investor conference call and webcast to review first quarter 2024 financial results at 1:30pm PT/4:30pm ET on the same day. The live webcast can be accessed at https://investors.honest.com. For ...