The Honest Company Announces CFO Retirement and Transition Plan in 2025

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].