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 Long-Term Strategy Beyond 2024 Of 4%-6% Annual Revenue Growth And Continued Adjusted EBITDA Margin Expansion
Portfolio Pulse from Benzinga Newsdesk
The Honest Company (HNST) has reaffirmed its FY24 financial outlook, projecting low-to-mid single digit percentage revenue growth and positive adjusted EBITDA in the low-to-mid single digit millions. The company also remains optimistic about its long-term strategy, expecting 4%-6% annual revenue growth and continued adjusted EBITDA margin expansion beyond 2024.
May 08, 2024 | 11:25 pm
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The Honest Company reaffirms its FY24 financial outlook, indicating confidence in its revenue growth and EBITDA projections.
Reaffirming financial outlooks generally instills confidence in investors, suggesting that the company is on track to meet its financial targets. This positive outlook, especially the expectation of revenue growth and positive adjusted EBITDA, is likely to have a favorable impact on investor sentiment and potentially the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100