The Honest Company, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 09, 2023 at 01:51 am IST
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The Honest Company, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 84.54 million compared to USD 78.49 million a year ago. Net loss was USD 13.42 million compared to USD 10.01 million a year ago. Basic loss per share from continuing operations was USD 0.14 compared to USD 0.11 a year ago. Diluted loss per share from continuing operations was USD 0.14 compared to USD 0.11 a year ago.
For the six months, sales was USD 167.93 million compared to USD 147.21 million a year ago. Net loss was USD 32.28 million compared to USD 24.64 million a year ago. Basic loss per share from continuing operations was USD 0.34 compared to USD 0.27 a year ago. Diluted loss per share from continuing operations was USD 0.34 compared to USD 0.27 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. 
