Honest sees FY24 revenue up low-to-mid single digits percent, consensus $352.2M

Sees FY24 adjusted EBITDA in low-single digit to mid-single digit millions range. The company said, “In fiscal year 2024, the Company expects to continue driving benefits from its three Transformation Initiative Pillars of Brand Maximization, Margin Enhancement, and Operating Discipline. Brand Maximization is focused on generating revenue growth from continued focus on distribution, innovation, and marketing effectiveness. The Company expects its initiatives to drive Margin Enhancement through ongoing cost savings activities which will contribute to a continued strengthening of the Company’s financial foundation and improved profitability. The Company’s Operating Discipline is focused on managing working capital and operating expenses, while building a culture that emphasizes executional excellence and discipline.”