![]() ![]() This quarter we delivered all time record revenue with third quarter revenue up 2% and our year-to-date revenue up 10%. Let’s turn to our third quarter results to see how this intentionality comes together, beginning with revenue. And this year, we’ve done this while improving the efficiency of our business model. Our community expects our product to live up to the unique and rigorous Honest standard for clean, effective and trustworthy. We’re committed to providing a wide array of products from sustainably designed wipes, onesies and diapers to cleanly formulated mama care, beauty and household products. Our focus is always to keep the Honest community of consumers at the heart of everything we do.Įven in these uncertain economic times, we see that consumers have high standards for the products they bring home for themselves and their families. This is a result of our collaborative and hard working Honest team coming together to execute the transformation initiative, and the strength the Honest brand continues to show in market. And I’m pleased with the meaningful progress we’ve made in a short period of time. Earlier this year, we committed to transforming the financial and consumer health of the business. This is the third consecutive quarter we have increased our revenue outlook, and the second consecutive quarter we’ve improved our outlook for adjusted EBITDA. It’s a pleasure to be with you to share our results for the third quarter of 2023. With that, I will turn the call over to Carla.Ĭarla Vernon: Thanks, Steve. A live broadcast of this call is also available on the Investor Relations section of our website at. ![]() You will find additional information regarding these non-GAAP financial measures and a reconciliation of these non-GAAP to GAAP measures in the financial results section of today’s earnings release. Also, during this call, we will discuss non-GAAP financial measures, which adjust our GAAP results to eliminate the impact of certain items. Please also note that these forward-looking statements reflect our opinions only as of the date of this call, and we undertake no obligation to revise or publicly release the results of any revision to these forward-looking statements in light of new information or future events, except as required by law. Please refer to our earnings release issued today as well as our SEC filings for a more detailed description of the risk factors that may affect our results. ![]() These forward-looking statements involve a number of risks and uncertainties that could cause actual results to differ materially. Before we start, I’d like to remind you that we will be making certain statements today that are forward-looking within the meaning of the Federal Securities Laws, including statements about the outlook of our business and other matters referenced in our earnings release issued today. Joining me today are Carla Vernon, our Chief Executive Officer and Dave Loretta, our Chief Financial Officer. And thank you for joining our second quarter 2023 conference call. Steve Austenfeld: Good afternoon, everyone. Steve Austenfeld Vice President of Investor Relations of The Honest Company. I would now like to hand the conference over Mr. Please be advised that today’s conference is being recorded. After the speakers’ presentation, there will be a question-and-answer session. At this time, all participants are in a listen-only mode. Welcome to The Honest Company’s Third 2023 Earnings Call. ![]() Operator: Ladies and gentlemen, thank you for standing by. Reported EPS is $-0.09, expectations were $-0.12. ![]()
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