The Honest Company, Inc. Provides Earnings Guidance for the Full Year of 2022 and First Half of 2023
November 10, 2022 at 06:59 am EST
Share
The Honest Company, Inc. provided earnings guidance for the full year of 2022 and first half of 2023. For the year, the company expects revenue to be in the range of $310 to $315 million, reflecting inventory adjustments (reducing weeks of supply) at a key digital customer.
For the first half of 2023, the company expects revenue reflects 7 % to 10 % growth over the first half of 2022.
The Honest Company, Inc. is a personal care company focused on creating clean- and sustainably designed products. It is an omnichannel brand, where its products are available through its retail and digital channels. Its three product categories are diapers and wipes, skin and personal care, and household and wellness. Diapers and wipes product category have primary components of its Clean Conscious diapers are made with sustainably harvested, plant-based fluff pulp and other plant-derived materials. The Company's skin and personal care products use clean and safe ingredients, including many naturally derived ingredients. The household and wellness product category includes baby clothing, pre-and post-natal vitamins, wellness supplements, sanitizing wipes, and hand sanitizer made with plant-based ingredients. The Company's products are available online at www.honest.com. The Companyâs distribution network includes two warehouses in Nevada and Pennsylvania.
THE HONEST COMPANY, INC. 
