The Honest Company Reaffirms FY24 Outlook, Sees Net Revenue Growth Of Low-To-Mid Single Digit Percentage; Positive Adj EBITDA In The Low-Single Digit To Mid-Single Digit Millions Range; Remains Confident In Our Long-Term Strategy Beyond 2024 Of 4%-6% Annual Revenue Growth And Continued Adjusted EBITDA Margin Expansion
$HNST
Catalog/Specialty Distribution
Consumer Discretionary
Reaffirms 2024 Financial Outlook
The Company is reaffirming its financial outlook for the full fiscal year 2024 for revenue and Adjusted EBITDA. For 2024, the Company continues to expect:
- Net revenue growth of low-to-mid single digit percentage.
- Positive Adjusted EBITDA(1) in the low-single digit to mid-single digit millions range.
We remain confident in our long-term strategy beyond 2024 of 4% to 6% annual revenue growth and continued Adjusted EBITDA margin expansion. Additional information on the Company's strategic plans can be found in its Investor Presentation on the Company's Investor Relations website at http://investors.honest.com.