Reports Q1 revenue $86.2M, consensus $83.28M.”Our first quarter results demonstrate our strong start to 2024. Our clear focus on profitability, delivering sales growth and achieving record gross margin of 37% as a public company is attributable to continued execution of our Transformation Pillars of Brand Maximization, Margin Enhancement and Operating Discipline,” said Chief Executive Officer, Carla Vernon. “These Pillars are deeply rooted in our operating practices and remain an enduring strategic element supporting our revenue growth and ongoing cost structure improvements in the first quarter. With our robust financial results to start the year and growth in consumer demand for Honest products, we are reaffirming our full year 2024 financial outlook.”
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HNST:
- The Honest Company to Report First Quarter Financial Results on May 8, 2024
- Honest Company price target lowered to $3 from $5 at Loop Capital
- Founder Jessica Alba to Step Down from Role as Chief Creative Officer at The Honest Company Following a Record Q4 Performance
- Honest Company CCO Resigns, Financial Outlook Stable
- Honest Company founder Jessica Alba to depart role as Chief Creative Officer