Honest Company reports Q3 EPS (9c), consensus (12c)

Reports Q3 revenue $86.17M, consensus $81.12M. “Our Transformation Initiative, which we initiated at the beginning of the year, continues to drive strong performance. The three pillars of the initiative – Brand Maximization, Margin Enhancement, and Operating Discipline – were evident in our third quarter results,” said CEO, Carla Vernon. “Revenue in the third quarter was an all-time record and we delivered our highest gross margin in the last two years, contributing to another quarter of positive operating cash flow. These results demonstrate the power of the Honest brand and our commitment to driving shareholder value.”