The Honest Company is a consumer goods company that focuses on providing safe and effective products for families, particularly in the areas of baby care, personal care, and household cleaning
Founded with a commitment to transparency and sustainability, the company offers a wide range of products that are made without harmful chemicals and are designed to be both eco-friendly and accessible to consumers. Its offerings include diapers, wipes, skin care, and household essentials, all aimed at promoting a healthier lifestyle for families while maintaining a focus on social responsibility and ethical sourcing.
LOS ANGELES, Jan. 07, 2025 (GLOBE NEWSWIRE) -- The Honest Company (NASDAQHNST), a personal care company dedicated to creating cleanly-formulated and sustainably-designed products, today announced that Chief Executive Officer, Carla Vernón, Chief Financial Officer, Dave Loretta and Chief Growth Officer, Kate Barton will participate in investor meetings and host a presentation at the ICR Conference 2025 in Orlando, Florida on January 14, 2025.
The past six months have been a windfall for The Honest Company’s shareholders. The company’s stock price has jumped 145%, hitting $6.88 per share. This was partly due to its solid quarterly results, and the run-up might have investors contemplating their next move.
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Shares of personal care company The Honest Company (NASDAQHNST)
jumped 32.3% in the morning session after the company reported strong third-quarter results that blew past analysts' revenue, EBITDA, and EPS expectations. The improved sales and profitability were mostly driven by strong performance in baby and personal care products.
Looking ahead, full-year EBITDA guidance also outperformed Wall Street's estimates. However, the company is keeping a close watch on potential risks like the impact of tariffs on its Chinese-sourced wipes. Zooming out, this was a strong quarter for the company, showing that the business is staying on track.
Personal care company The Honest Company (NASDAQHNST) reported revenue ahead of Wall Street’s expectations in Q3 CY2024, with sales up 15.2% year on year to $99.24 million. Its EPS of $0 per share was also above analysts’ consensus estimates.
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
