Honest Co expects to return to growth next quarter, shares rise

Honest

13/05/2022 12:59

** Shares of the eco-friendly baby, beauty and household
products maker  HNST.O  rise 4.1% to $3.05 premarket
    ** HNST says it expects to return to growth over the next
three quarters in 2022 after reporting a 15% decline in Q1
revenue  urn:newsml:reuters.com:*:nGNX7qld7G
    ** HNST says inflation, supply chain problems and demand
correction in its disinfecting products hit Q1 revenue
    ** Co reiterates fiscal 2022 revenue outlook and says it
reflects mid-single digit growth over the remaining three
quarters of the year vs 2021
    ** Up to last close, stock down over 63% YTD

 (Reporting by Chavi Mehta in Bengaluru)
 ((Chavi.Mehta@thomsonreuters.com;))