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Stock price falls as household cleaner sales stall post-pandemic.
March 25, 2022
By: TOM BRANNA
Editor
The share price of Honest Co. plunged more than 20% in early trading after the consumer-goods company issued a disappointing forecast for revenue, triggering the first ratings downgrades for the stock since its IPO in May 2021. Yesterday, the company reported a loss of 10 cents a share in its fiscal fourth quarter on revenue of $80.4 million, an increase of 3% from a year earlier. Analysts were expecting a loss of 7 cents a share on sales of nearly $85 million. Honest, founded by actress Jess...
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