Diaper Category PressureDiaper category weakness driven by retailer assortment changes and a consumer shift toward lower-priced competitors remains a persistent headwind for top-line growth.
Direct-to-consumer DisruptionTransformation 2.0 changes to the company's direct-to-consumer channel Honest.com risk subscriber churn and repeat-purchase disruption, which could cause revenue slippage.
Valuation RiskAnalyst's Equal-Weight rating reflects a valuation that already prices in a successful turnaround, which limits potential upside even with execution improvements.