The Honest Company Provides Revenue Guidance for the Full Year 2023
May 09, 2023 at 09:30 pm IST
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The Honest Company provided revenue guidance for the full year 2023. Following strong consumption trends in the first quarter, the company increasing the company's full year 2023 revenue outlook to be up low single digits versus full year 2022. The company's full year 2023 revenue outlook reflects continued positive track channel consumption combined with the benefit of midyear pricing actions, offset by lower revenue related to the exit of low margin and low priority product line beginning in the second quarter and comparing against significant new distribution in the second 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. 
