Honest Company Q2 revenue up 5% YoY; maintains FY outlook, updates on cost pressures

Honest Company, Inc.

2022-Q2 EPS reported -$0.27 revenue$147,212,000

Second quarter revenue grew 5% YoY, led by 9% increase in diapers and wipes.
Maintains full year 2022 revenue outlook of mid-single digit growth for remaining year.
Updates full year gross margin outlook, expects sequential improvement in second half.
Adjusted EBITDA outlook updated; company expects positive Adjusted EBITDA in Q4 2022.
CEO cites cost pressures from inflation; mitigation plans include pricing, innovation, and cost savings.

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