Jessica Alba's Honest Co gains as Q2 revenue tops estimates

Honest

12/08/2022 14:31

** Shares of eco-friendly baby, beauty and household
products maker Honest Co  HNST.O  up as much as 3.91% at $3.99 
    ** Co's Q2 revenue rose 5% to $78 million, led by an
increase in sales for diapers and wipes; analysts estimated a
revenue of $76.3 mln, as per Refinitiv IBES  urn:newsml:reuters.com:*:nGNXccgTyp
    ** Revenue from Diapers and Wipes segment, which accounted
for about 66% of total Q2 revenue, rose 9% in the quarter
    ** HNST, founded by actress Jessica Alba in 2012, says it
maintains annual 2022 revenue outlook, reflecting mid-single
digit growth for the remainder of the year
    ** Stock down ~52% YTD, as of last close 

 (Reporting by Rithika Krishna in Bengaluru)
 ((Rithika.Krishna@thomsonreuters.com; Twitter: https://twitter.com/rithika_krishna;))