The Honest Company, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 08, 2023 at 04:20 pm EST
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The Honest Company, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 86.17 million compared to USD 84.58 million a year ago. Net loss was USD 8.1 million compared to USD 11.79 million a year ago. Basic loss per share from continuing operations was USD 0.09 compared to USD 0.13 a year ago. Diluted loss per share from continuing operations was USD 0.09 compared to USD 0.13 a year ago.
For the nine months, sales was USD 254.1 million compared to USD 231.79 million a year ago. Net loss was USD 40.38 million compared to USD 36.43 million a year ago. Basic loss per share from continuing operations was USD 0.43 compared to USD 0.4 a year ago. Diluted loss per share from continuing operations was USD 0.43 compared to USD 0.4 a year ago.
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. 
