The Honest Company Reports First Quarter 2021 Financial Results

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Go back to The Honest Company Reports First Quarter 2021 Financial Results

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 EDT

Shares 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