Honest Company Q1 results in line with outlook; reaffirms FY2022 guidance

Honest Company, Inc.

2022-Q1 EPS reported -$0.16 revenue$68,719,000

Q1 2022 results met prior outlook; full-year 2022 outlook maintained.
CEO cites challenging YoY comparisons and digital softness as consumers return to in-store shopping.
Expects growth in remaining three quarters via innovation, new retail partners, and improved digital experience.
Pricing execution, innovation, and retail distribution plans remain on track.
Capital position supports growth investments without accessing external markets.

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