Honest Company announces $25M share repurchase program

The Honest company’s (HNST) board of directors approved the company’s first-ever share repurchase program for up to $25M of its outstanding common stock. “Today we’re also announcing our inaugural share repurchase program. This strategic move reflects our confidence in Honest’s potential to deliver sustainable profitable growth,” said CFO, Curtiss Bruce. “Our share repurchase program underscores the strength of our balance sheet, our asset-lite model and our ability to enhance long-term shareholder returns while maintaining financial flexibility to support our strategic growth initiatives.”