Honest Co. Stock Slides After Earnings and Revenue Miss

Thestreet2021-08-13

Honest Co. (HNST) stock plunged more than 25% on Friday after the recently public household and wellness company founded by superstar Jessica Alba posted earnings and revenue that missed Wall Street ...

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WtfLime
2021-08-13
WtfLime
Ok

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Stock Slides After Earnings and Revenue Miss","media":"Thestreet","content":"<div>\n<p>Honest Co. (HNST) stock plunged more than 25% on Friday after the recently public household and wellness company founded by superstar Jessica Alba posted earnings and revenue that missed Wall Street ...</p>\n\n<a href=\"https://www.thestreet.com/investing/earnings/honest-hnst-stock-falls-earnings-revenue-miss\">Source Link</a>\n\n</div>\n","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Honest Co. 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Stock Slides After Earnings and Revenue Miss\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-13 22:16 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/investing/earnings/honest-hnst-stock-falls-earnings-revenue-miss><strong>Thestreet</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Honest Co. (HNST) stock plunged more than 25% on Friday after the recently public household and wellness company founded by superstar Jessica Alba posted earnings and revenue that missed Wall Street ...</p>\n\n<a href=\"https://www.thestreet.com/investing/earnings/honest-hnst-stock-falls-earnings-revenue-miss\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"HNST","symbol_name":"The Honest Company, Inc.","start_time":0,"source_url":"https://www.thestreet.com/investing/earnings/honest-hnst-stock-falls-earnings-revenue-miss","article_id":"1154695820","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1154695820","pubTimestamp":1628864182,"sourceInfo":null,"weMediaInfo":null,"summary":"Honest Co. (HNST) stock plunged more than 25% on Friday after the recently public household and well","collect":0,"end_time":0,"defaultTopTitle":"thestreet.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"HNST":"The Honest Company, Inc."},"translate_title":"Honest公司在收益和收入损失后股价下跌","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HNST":0.9},"content_text":"Honest Co. (HNST) stock plunged more than 25% on Friday after the recently public household and wellness company founded by superstar Jessica Alba posted earnings and revenue that missed Wall Street forecasts.\nHonest Co. posted a second-quarter loss of $20.03 million, or 17 cents a share, vs. a loss of $375,000, or 1 cent a share, in the comparable year-ago period. 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The Los Angeles-based company did not provide guidance on future revenue or earnings.\nHousehold and wellness revenue declined 6% from a year ago “… as consumer and customer demand for sanitization products decreased as consumers became vaccinated and customers managed heavy levels of inventory,” the company said.\nGross margin decreased slightly during the second quarter, “… primarily due to a more normalized level of trade spend and higher input costs,” the company said.\nAlba, who co-founded the direct-to-consumer brand in 2011 and now serves as chief creative officer, said in a regulatory filing ahead of the initial public offering that \"we were raising the bar for the entire marketplace and becoming a David to the many Goliaths out there along the way.\"\nHonest Co.went public in May at a price of $16 a share. At the time of its IPO, the company reported that its 2020 revenue totaled $300.5 million, up 27.6% from the previous year. 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