- Honest Company press release ( NASDAQ: HNST ): Q2 GAAP EPS of -$0.11 misses by $0.01 .
- Revenue of $78.5M (+5.3% Y/Y) beats by $2.76M .
- Adjusted EBITDA for the second quarter of 2022 was negative $5M.
- Full Year 2022 revenue outlook remains unchanged and is expected to be approximately flat compared to 2021.
- Revenue outlook reflects mid-single digit growth over the remainder of the year compared to 2021, with the fourth quarter expected to outpace the third quarter.
- Full year 2022 Adjusted EBITDA outlook reflects higher cost pressures and is now expected to be a loss in the range of negative $10 million to negative $20 million, with the Company anticipating sequential improvement over the second half of 2022, and positive Adjusted EBITDA in the fourth quarter.
- Gross margin is now expected to be between 30% and 32%, reflecting sequential improvement in the third and fourth quarters. Adjusted EBITDA is expected to be a loss in the range of negative $10 million to negative $20 million.
For further details see:
Honest Company reports mixed Q2 earnings; reaffirms FY22 revenue guidance