Honest Company’s (HNST) Revenue Fell, Yet Profits Nearly Tripled
Honest Company (HNST) reported Q2 revenue of $83.3M, down 10.9% YoY, but net income rose to $10.7M. Organic revenue grew 6.7%, and cash increased to $105.9M. The company raised full-year revenue and EBITDA guidance. Gross margin improved 800 bps, but underlying margin growth was 340 bps after adjustments. Management highlighted growth in wipes and personal care, offsetting diaper declines.



