07.01.21
Los Angeles, CA
www.honest.com
Sales: $320 million (estimated)
Key personnel
Nick Vlahos, CEO; Jessica Alba, founder and chief creative officer; Kelly Kennedy, CFO; Rick Rexing, chief revenue officer; Jasmin Manner, chief commercial officer; Don Frey, chief innovation officer; Janis Hoyt, chief people officer; Sherry Parvaneh, chief information officer; Brendan Sheehey, general counsel; Glenn Klages, executive vice president, supply chain; Jennifer Kroog Rosenberg, vice president, marketing communications
Honest products span from skin care to home care.
Major products
Skin care, baby care, home care and beauty
New products
Relaunched beauty products due out in Q3
Comments: With its initial public offering in May, The Honest Company, Inc is now trading on the Nasdaq Global Select Market under the ticker symbol HNST. The company, which was founded by co-founded by Jessica Alba in 2012, was valued at $1.9 billion in its Wall Street debut, after its shares opened 33% above their offer price.
On its opening day, Alba said to current and future investors that her company would “passionately prioritize the health and well-being of people and the planet. We’ll fearlessly challenge the status the quo and innovative to deliver on our mission. And will continually push to be the best version of our selves. We are here to create an honest world and we are just getting started.”
Honest released its first Q1 fiscal earnings on June 16. Revenues were $81.0 million, up 12% from the same quarter of 2020. Sales of diaper and wipes, Honest’s largest segment, rose 2%. Skin and personal care revenues rose 42% to $26.2 million. Household and wellness revenue increased 53% to $5.2 million, driven by sales from its sanitization and disinfecting products introduced in the second half of 2020.
In personnel moves, Honest named Kelly Kennedy as its chief financial officer. She had most recently been CFO for Bartell Drugs where she spearheaded strategic shifts in the business to roll out updated financial practices and completed a successful transaction, selling the company to Rite Aid in October 2020. Also, James White, former chairman, president and CEO of Jamba, Inc., and Susan Gentile, chief financial and administrative officer of H.I.G. Capital Management, joined the board of directors.
www.honest.com
Sales: $320 million (estimated)
Key personnel
Nick Vlahos, CEO; Jessica Alba, founder and chief creative officer; Kelly Kennedy, CFO; Rick Rexing, chief revenue officer; Jasmin Manner, chief commercial officer; Don Frey, chief innovation officer; Janis Hoyt, chief people officer; Sherry Parvaneh, chief information officer; Brendan Sheehey, general counsel; Glenn Klages, executive vice president, supply chain; Jennifer Kroog Rosenberg, vice president, marketing communications
Honest products span from skin care to home care.
Skin care, baby care, home care and beauty
New products
Relaunched beauty products due out in Q3
Comments: With its initial public offering in May, The Honest Company, Inc is now trading on the Nasdaq Global Select Market under the ticker symbol HNST. The company, which was founded by co-founded by Jessica Alba in 2012, was valued at $1.9 billion in its Wall Street debut, after its shares opened 33% above their offer price.
On its opening day, Alba said to current and future investors that her company would “passionately prioritize the health and well-being of people and the planet. We’ll fearlessly challenge the status the quo and innovative to deliver on our mission. And will continually push to be the best version of our selves. We are here to create an honest world and we are just getting started.”
Honest released its first Q1 fiscal earnings on June 16. Revenues were $81.0 million, up 12% from the same quarter of 2020. Sales of diaper and wipes, Honest’s largest segment, rose 2%. Skin and personal care revenues rose 42% to $26.2 million. Household and wellness revenue increased 53% to $5.2 million, driven by sales from its sanitization and disinfecting products introduced in the second half of 2020.
In personnel moves, Honest named Kelly Kennedy as its chief financial officer. She had most recently been CFO for Bartell Drugs where she spearheaded strategic shifts in the business to roll out updated financial practices and completed a successful transaction, selling the company to Rite Aid in October 2020. Also, James White, former chairman, president and CEO of Jamba, Inc., and Susan Gentile, chief financial and administrative officer of H.I.G. Capital Management, joined the board of directors.
