Honest Shares Rally Premarket on Planned Walmart Rollout
19 Julho 2022 - 10:43AM
Dow Jones News
By Colin Kellaher
Shares of Honest Co. jumped in premarket trading Tuesday after
the clean products company said its wares will now be available
from retail giant Walmart Inc.
Los Angeles-based Honest, which offers plant-derived diapers and
eco-conscious consumer products, said its brand is now available on
Walmart.com and will launch in thousands of Walmart stores in the
fall.
Honest, which in May reported first-quarter results that fell
just shy of Wall Street estimates as consumers shifted to in-store
shopping, said it expects widespread distribution at Walmart will
help it expand its accessibility to current and new consumers.
Honest shares, which closed Monday at $3.22, were recently up
8.1% to $3.48 in premarket trading.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
July 19, 2022 09:28 ET (13:28 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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