NASDAQ$HNST

Honest Co Inc/The · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Reported eighth consecutive quarter of year-over-year revenue and volume growth.

The Honest Company reported a 6% increase in revenue compared to Q3 2020, driven by growth in Diapers and Wipes and Skin and Personal Care categories, while facing inflationary pressure and supply chain challenges.

  • Revenue grew 6% from the third quarter of 2020.
  • Gross profit was $29.8 million with a gross margin of 36%.
  • Retail distribution expanded to over 40,000 locations, a 10% increase year-over-year.
  • Household penetration increased to 3.5%, a 10% increase year-over-year.

Headline financials

Total Revenue

$82.7M

Previous: $77.9M+6.1%
EPS (adj)

-$0.06

Previous: -$0.05-20.0%
Gross Margin

36.0%

Previous: 37.7%-4.5%
Capital Expenditures

-$187K

Previous: $111K-268.5%
Free Cash Flow

-$5.32M

Previous: -$8.46M+37.1%
Net Income

-$5.14M

Previous: -$1.99M-158.6%
Operating Income

-$4.59M

Previous: -$1.73M-164.6%
Gross Profit

$29.8M

Previous: $29.4M+1.2%
Cash & Equivalents

$27.7M

Previous: $53.7M-48.5%
Total Assets

$274M

No prior period
Stock-Based Comp

$4.78M

Previous: $1.81M+164.6%

Revenue & EPS history

Honest Co · Revenue · Quarterly

$82.7M

Q3 2021+6.1%vs Q3 2020
Beat estimate in 9 of 11 quarters(82%)
ActualEstimate

Forward guidance

The press release and earnings call contain forward-looking statements about the company and its industry that involve substantial risks and uncertainties.

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 Q3 2021

Historical avgQ3 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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