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Shares of The Honest Company (HNST) are up about 200% over the past year. The company recently posted its second quarter earnings, reporting record quarterly revenue and a gross margin of 38.3%.

The Honest Company CEO Carla Vernón joins Wealth! to give insight into the continued growth of the company and its plans for the future.

Vernón outlines her focus on three "transformation pillars" that is helping the company grow and build its financial footing. "The first is things that drive the brand and the top line, and we call that brand maximization. This is a brand that has not yet fully manifest or cracked the code of availability... opportunity to further push into brick -and-mortar retail so more people can find these products where they shop."

Watch the video above to hear what the other two pillars are. 

For more expert insight and the latest market action, click here to watch this full episode of Wealth!

This post was written by Nicholas Jacobino