Diaper cakes FTW... Jessica Alba's Honest Company drops its first earnings report as a public company on Wednesday. Honest sells "clean" baby, beauty, and household products (including: cakes made of diapers). Total sales grew 28% last year, with "Household and Wellness" sales more than doubling (think: prenatal vitamins, refillable cleaning kits). Buuut: the ten-year-old company is still unprofitable. Honest shares have dropped 20% since last month's IPO.
Earnings on Aisle 5... Grocery giant Kroger delivers earnings on Thursday. Kroger and other grocers thrived last year as we swapped menu meals for pantry classics. Since then, Americans have been swapping grocery bags for doggy bags: restaurant sales reached a new pandemic peak in May. Meanwhile, packaged food prices are rising (#inflation), and workers are in short supply. Now, Kroger plans to raise wages. TBD if these factors hit its earnings last quarter.