Honest Company cuts FY25 revenue view to down 3% to flat from up 4%-6%

Cuts FY25 adjusted EBITDA view to $21M-$23M from $27M-$30M. The company said, “The Company is updating its financial outlook for the full fiscal year 2025 for revenue and Adjusted EBITDA in the table below. Our updated full year revenue outlook is now in the range of -3% to flat due to potential risks to revenue related to the wind down of strategic exits, declines in diaper revenue during the year and anticipated in the fourth quarter, and uncertainty in a dynamic macroeconomic environment. Our updated Adjusted EBITDA outlook is now in the range of $21 to $23 million due to lower revenue than previously expected.”