Positive Net Income and Adjusted EBITDA
Honest Company delivered positive net income for the third consecutive quarter and adjusted EBITDA ahead of expectations.
Strong Performance in Wipes and Personal Care Categories
Consumption growth across the total wipes portfolio was up 24% versus category growth of 3%. Baby Personal Care collection also saw consumption growth up 10% in the quarter.
Amazon Growth
Honest consumption growth at Amazon is up 16% year-over-year, and Amazon is now the company's largest customer.
Launch of Transformation 2.0
Transformation 2.0 aims to focus on core categories of wipes, personal care, and diapers while exiting lower-margin categories.