NASDAQ$HNST

Honest Co Inc/The · Q4 2024 earnings

Q4 2024 earnings · · After market close · Investor relations

Briefing

The Honest Company reported record quarterly revenue and expanded gross margin in Q4 2024.

The Honest Company achieved record quarterly revenue of $100 million, an 11% increase from the prior year, and expanded its gross margin by 530 basis points to 39%. The company reported a net loss of less than $1 million, an improvement compared to net income of $1 million in the prior year, and positive adjusted EBITDA of $9 million.

  • Record quarterly revenue of $100 million, an 11% increase year-over-year.
  • Gross margin expanded by 530 basis points to 38.8% due to cost savings and sales volume growth.
  • Adjusted EBITDA was positive $9 million, marking the fifth consecutive quarter of positive adjusted EBITDA.
  • Net loss improved to less than $1 million compared to net income of $1 million in the prior year period.

Headline financials

Total Revenue

$99.8M

Previous: $90.3M+10.6%
EPS (adj)

-$0.01

Previous: $0.01-200.0%
Gross Margin

38.8%

Previous: 33.5%+15.8%
Adjusted EBITDA

$8.54M

Previous: $4.25M+101.0%
Adjusted EBITDA Margin

8.6%

Previous: 4.7%+83.0%
Organic Revenue

$70.8M

No prior period
Adjusted Gross Margin

38.8%

No prior period
Capital Expenditures

-$346K

Previous: -$260K-33.1%
Net Income

-$811K

Previous: $1.14M-170.9%
Operating Income

-$1.03M

Previous: $1.13M-191.1%
Gross Profit

$38.8M

Previous: $30.2M+28.2%
R&D Expense

$1.71M

Previous: $1.58M+8.7%

Revenue & EPS history

Honest Co · Revenue · Quarterly

$99.8M

Q4 2024+10.6%vs Q4 2023
Beat estimate in 13 of 15 quarters(87%)
ActualEstimate

Forward guidance

For fiscal year 2025, The Honest Company expects revenue growth in-line with its long-term financial algorithm of 4% to 6% and Adjusted EBITDA between $27 million to $30 million.

Tailwinds

  • Expected revenue growth of 4% to 6% annually, in line with long-term financial algorithm.
  • Anticipated continued Adjusted EBITDA margin expansion.
  • Projected Adjusted EBITDA of $27 million to $30 million for fiscal year 2025.
  • Commitment to providing cleanly-formulated and sustainably-designed products.
  • Focus on disciplined execution of Transformation Pillars: Brand Maximization, Margin Enhancement, and Operating Discipline.

Headwinds

  • Financial outlook includes potential impacts from tariffs related to product sourcing in China and Mexico.
  • Guidance for GAAP net income (loss) is not provided due to the unavailability of reliable estimates for certain components.
  • Adjusted EBITDA and adjusted EBITDA margin have limitations as analytical tools and should not be considered in isolation.
  • Forward-looking statements are subject to substantial risks and uncertainties.
  • Future events or circumstances could differ materially from those described in 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 Q4 2024

Historical avgQ4 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

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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