NASDAQ$HNST
Honest Co Inc/The · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Achieved record revenue with positive net income and expanded gross margin.
The Honest Company reported strong Q3 2024 results, achieving record revenue of $99 million, a 15% increase year-over-year. The company delivered positive net income and expanded gross margin by 710 basis points to 38.7%. Due to this performance, the company raised its full year 2024 revenue and adjusted EBITDA outlook.
- Revenue increased by 15% to $99 million, driven by strong performance in baby products and wipes.
- Gross margin expanded by 710 basis points to 38.7% due to improvements in supply chain, product costs, and trade spend.
- Net income increased by $8 million to $165 thousand.
- Adjusted EBITDA was positive at $7 million, marking the fourth consecutive quarter of positive adjusted EBITDA.
Headline financials
Revenue & EPS history
Honest Co · Revenue · Quarterly
$99.2M
Forward guidance
The company is increasing its full year 2024 outlook for both revenue and Adjusted EBITDA.
Tailwinds
- Revenue is expected to grow by a high single-digit percentage compared to full year 2023.
- Adjusted EBITDA is projected to be in the range of $20 million to $22 million.
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 2024
+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
| Quarter | Report date | Reaction (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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