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The Honest Company reported a 6% increase in revenue compared to Q3 2020, driven by growth in Diapers and Wipes and Skin and Personal Care categories, while facing inflationary pressure and supply chain challenges.
Revenue grew 6% from the third quarter of 2020.
Gross profit was $29.8 million with a gross margin of 36%.
Retail distribution expanded to over 40,000 locations, a 10% increase year-over-year.
Household penetration increased to 3.5%, a 10% increase year-over-year.
The press release and earnings call contain forward-looking statements about the company and its industry that involve substantial risks and uncertainties.