Meridian Funds: Honest Company Declines Amid Mixed Earnings Results
ByAinvest
Wednesday, Jan 28, 2026 8:25 am ET1min read
HNST--
The Honest Company's (HNST) stock declined amid mixed earnings results, with earnings exceeding expectations but sales falling short. The company's decision to exit the Canadian market and baby apparel business was seen as strategically positive, sharpening management's focus on more profitable growth. Meridian Contrarian Fund reduced its position to realize tax losses but continues to hold a stake, believing the market has overreacted to the news.
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