NASDAQ$HNST

Honest Co Inc/The · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Reported double-digit sales growth driven by strategic initiatives and category expansion.

The Honest Company reported a strong start to 2021 with a 12% revenue increase to $81.0 million compared to Q1 2020. Growth was driven by Skin and Personal Care products and sanitization products. The company reported a net loss of $4.5 million compared to a net income of $0.6 million in the same period last year.

  • Revenue increased 12% to $81.0 million compared to the first quarter of 2020.
  • Skin and Personal Care revenue increased 42% due to marketing innovation and content strategy.
  • Household and Wellness revenue increased 53% driven by sanitization and disinfecting products.
  • Digital channel revenue increased 2% and Retail channel revenue increased 25%.

Headline financials

Total Revenue

$81M

Previous: $72.4M+12.0%
EPS (adj)

-$0.05

Previous: $0.01-600.0%
Capital Expenditures

-$74K

Previous: $25K-396.0%
Free Cash Flow

-$4.56M

Previous: -$1.69M-169.9%
Net Income

-$4.48M

Previous: $559K-902.1%
Operating Income

-$4.14M

Previous: $740K-658.8%
Gross Profit

$28.4M

Previous: $25.8M+10.0%
Cash & Equivalents

$39M

Previous: $30.4M+28.4%
Total Assets

$235M

No prior period
Stock-Based Comp

$1.84M

Previous: $1.92M-4.4%

Revenue & EPS history

Honest Co · Revenue · Quarterly

$81M

Q1 2021+12%vs Q1 2020
Beat estimate in 9 of 11 quarters(82%)
ActualEstimate

Forward guidance

This press release and earnings call referencing this press release contain forward-looking statements about us and our industry that involve substantial risks and uncertainties. All statements other than statements of historical facts contained in this press release, including statements regarding our future results of operations or financial condition, business strategy and plans and objectives of management for future operations, are forward-looking statements.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

+1.1%

Avg return

Earnings day

+2.5%

Avg return

5 days after

-0.6%

Avg return

30 days after

52%

13 / 25 earnings

Positive

+34.4%

Q1 2023

Best reaction

-37.6%

Q4 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-1.7%-4.9%-6.1%
Q4 2025+21.2%+22.9%+24.7%
Q3 2025-29.5%-23.6%-17.9%
Q1 2025-8.8%+6.9%+7.5%
Q4 2024-11.8%-9.2%-16.5%
Q3 2024+23.7%+42.2%+43.0%
Q2 2024+17.9%+28.2%+28.8%
Q1 2024+12.6%+14.0%-7.2%
Q4 2023+31.4%+56.2%+26.8%
Q3 2023+20.3%+13.4%+101.2%
Q2 2023+0.0%+1.4%+9.4%
Q1 2023+34.4%+28.7%-0.6%
Q4 2022-37.6%-36.9%-35.8%
Q3 2022+7.0%+10.2%-13.7%
Q2 2022+14.3%+11.5%+9.9%
Q1 2022+17.1%+8.2%-1.7%
Q4 2019+12.6%+5.6%-13.0%
Q4 2021-21.5%-11.6%-29.9%
Q3 2021+9.7%+6.6%-11.0%
Q3 2020+9.7%+6.6%-11.0%
Q2 2021-30.6%-33.2%-27.0%
Q2 2020-30.6%-33.2%-27.0%
Q4 2020-11.3%-15.6%-15.1%
Q1 2020-11.3%-15.6%-15.1%
Q1 2021-10.6%-16.5%-18.0%

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