The Honest Company Reports First Quarter 2021 Financial Results
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Jessica Alba's Honest Company (HNST) Tops Q1 Views But Stock Dips as Growth Slows, Prompts Analyst to Downgrade on High Valuation
June 17, 2021 7:15 AM EDTShares of Honest Company (NASDAQ: HNST) are down 8% in pre-open trading Thursday after it reported its quarterly earnings for the first time since going public last month.
Founded by famous actor Jessica Alba, the Honest Company reported a loss of $0.05 per share on sales of $81 million, compared to $0.06 per share on sales of $79.3 million that market analysts expected.
The companys key business unit - diapers and wipes - saw sales fell 2% to $49.6 million on tough comps. On a more positive note, sales of skin and personal care rose 42% to $26.2 million, while... More
