earnings
confidence high
sentiment neutral
materiality 0.65
Honest Company Q3 revenue $85M record; consumption up 6%; guides H1 2023 growth 7-10%
Honest Company, Inc.
2022-Q3 EPS reported
-$0.40
revenue$231,792,000
- Record Q3 revenue of $85M, up 2% YoY; consumption growth of 6% per third-party data.
- Gross margin 30.3%, up 30 bps from Q2; full-year Adjusted EBITDA outlook maintained with positive Q4 expectation.
- Full-year 2022 revenue guidance lowered due to inventory adjustments at key digital customer; H1 2023 outlook of 7-10% growth.
- Household and Wellness category growth accelerated with integration of Honest Baby Clothing.