Honest Co. reports Q4 revenue up 2% YoY, gross margin down 250 bps; adopts inducement plan for CEO

Honest Company, Inc.

Q4 revenue growth of 2% driven by retail consumption gains and price increases, partially offset by digital decline.
Consumption of core products (diapers, wipes, skin care) increased 15% YoY per third-party data.
Gross margin of 27.5%, down 250 bps vs Q4 2021 due to higher product and fulfillment costs.
Adopted 2023 inducement plan reserving 4M shares; CEO Carla Vernón granted RSUs valued at $5.17M.
Company achieved full year 2022 revenue outlook; details of exact revenue and EPS not provided in excerpt.

item 2.02 item 5.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.7

Honest Company, Inc. reported financial results for fourth quarter and year ended December 31, 2022.

Period: fourth quarter and year ended December 31, 2022
Result: reported results

Exact text from the filing

On March 16, 2023 , The Honest Company, Inc. (the “Company”) issued a press release announcing its financial results for the fourth quarter and year ended December 31, 2022.

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Honest Company, Inc. filing history →

Source: SEC EDGAR

accession 0001530979-23-000036

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