Strong Revenue Growth
The Honest Company delivered revenue of $97 million, marking a 13% growth year-over-year, driven by strong performance across wipes and baby personal care portfolio.
Gross Margin Expansion
Gross margin increased by 170 basis points to 39%, driven by supply chain cost savings and a mix of higher margin products.
Positive Net Income
The company achieved a positive net income of $3 million, up $5 million from the previous year.
Increased Consumer Engagement
Household penetration increased to 7.3%, with a growth of 55 basis points versus the prior year, and repeat usage grew more than 200 basis points.
Successful Product Launches
The sensitive skin portfolio grew 35% year-over-year, and the wipes portfolio saw consumption growth of over 40%.