Honest Company Q1 revenue $86.2M (+3% YoY); gross margin 37% up 1,275 bps; net loss narrows to $1.4M

Honest Company, Inc.

2024-Q1 EPS reported -$0.01 revenue$86,217,000

Revenue $86.2M, up 3% YoY; gross margin 37.0% vs 24.2%, expansion of 1,275 bps.
Net loss improved to $1.4M from $18.9M; Adjusted EBITDA turned positive at $2.6M vs -$10.3M.
Revenue growth driven by baby apparel, wipes, and baby personal care; tracked channel consumption up 7% vs category down 1%.
Reaffirmed full-year 2024 financial outlook.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Honest Company, Inc. updated its first quarter ended March 31, 2024 guidance (reaffirmed).

Period: first quarter ended March 31, 2024
Guidance: reaffirmed
Result: reported results

Exact text from the filing

On May 8, 2024 , The Honest Company, Inc. (the “Company”) issued a press release announcing its financial results for the first quarter ended March 31, 2024.

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Honest Company, Inc. filing history →

Source: SEC EDGAR

accession 0001530979-24-000056

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