Shares of The Honest Company, Inc. (NASDAQ: HNST) are surging 5.42% in pre-market trading on Thursday, building on the impressive 9.17% gain from Wednesday's session. The continued upward momentum comes after the company released strong first-quarter 2025 financial results, announced a new Chief Financial Officer, and reaffirmed its positive outlook for the full year.
The Honest Company reported Q1 revenue of $97.25 million, surpassing analyst consensus estimates of $92.5 million by 5.18% and representing a significant 12.80% increase compared to the same period last year. The company delivered a net income of $3.254 million, or $0.03 per share, beating the analyst estimate of $0.02 per share. Additionally, the company's gross margin for the quarter stood at a healthy 39%, while adjusted EBITDA reached $7 million, exceeding the estimate of $5.38 million.
Adding to the positive news, The Honest Company announced the appointment of Curtiss Bruce as its new Chief Financial Officer, effective June 2, 2025. Bruce, who brings over 30 years of experience in the consumer products sector, is expected to play a crucial role in executing the company's strategic goals. Furthermore, the company reaffirmed its 2025 financial outlook, projecting revenue growth of 4% to 6% for the full year, which has further bolstered investor confidence in the company's future performance.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.