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The Honest Company (HNST) saw its annual revenue rise by 10% in 2024, while outlining its beat on earnings and revenue estimates in its latest quarterly report. The Honest Company CEO Carla Vernón joins Brad Smith to speak more about the beauty and baby products brand's performance and the state of consumer amid President Trump's proposed tariffs.
"As we gave our outlook, we did reflect what we knew and what we were able to plan for in tariffs," Vernón states. "We indicated that we have our long range model set to grow at 4 to 6% on the top line and margin expansion on the bottom line, and that remains our point of view. We're very confident about our ability to do that."
The Trump administration is now threatening a 25% tariff on European Union (EU) imports, while its import tax on Canadian and Mexican goods are scheduled to take effect on April 2.
Vernón goes on to address consumer spending blackouts scheduled for Friday, February 28, protesting major companies that are rolling back their diversity, equity, and inclusion (DEI) initiatives.
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This post was written by Luke Carberry Mogan.