US stock futures dip as Trump’s firing of Cook sparks Fed independence fears
In a recent transaction, Thomas Sternweis, Senior Vice President of Enterprise Development & Strategy at Honest Company , Inc. (NASDAQ:HNST), sold 17,758 shares of the company’s common stock. The shares were sold on March 7 at a price of $4.91 each, amounting to a total transaction value of $87,191.
This transaction was carried out as part of a sell-to-cover plan approved by the Compensation Committee, aimed at covering the tax liability arising from the vesting of previously granted Restricted Stock Units (RSUs). Following this sale, Sternweis holds 301,170 shares, which includes 229,594 RSUs that can be converted into an equivalent number of common stock shares. InvestingPro subscribers can access 8 additional key insights about HNST, including detailed analysis of the company’s financial health and growth prospects.
In other recent news, The Honest Company reported its fourth-quarter and full-year 2024 earnings, highlighting a notable improvement in revenue and profitability. The company exceeded earnings expectations with an earnings per share (EPS) of -$0.01, surpassing the forecast of -$0.02. Revenue for the fourth quarter reached $99.84 million, exceeding the anticipated $96.34 million. Full-year revenue for 2024 rose by 10% year-over-year, reaching $378 million, with the company achieving its first full year of positive Adjusted EBITDA at $26 million. Despite the positive earnings, Honest Company’s stock experienced a decline in aftermarket trading, which may reflect broader market reactions.
The Honest Company also introduced new products and improved supply chain efficiencies, contributing to a 900 basis point increase in gross margin to 38%. Looking forward, the company projects revenue growth between 4-6% for 2025 and anticipates Adjusted EBITDA of $27-30 million. This growth is expected to be driven by new product launches and expanded distribution channels. The company also discussed its strategic shift away from direct-to-consumer sales, focusing more on retail and digital partners like Amazon (NASDAQ:AMZN). Analyst discussions during the earnings call touched on distribution opportunities in dollar and club channels, as well as the company’s margin expansion strategy.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.