Leslie's Inc

LESL

Equity

ISIN US5270641096 / Valor 57604115

NASDAQ (2024-12-24)

USD 2.18%

Leslie's Inc
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About company

Leslie's Inc, founded in 1963, is the largest direct-to-consumer brand in the U.S. pool and spa care industry, catering to residential, professional, and commercial consumers through over 950 physical locations and various digital platforms. The company's associates, pool and spa care experts, and certified technicians are dedicated to providing consumers with the necessary knowledge, products, and solutions to effectively maintain and enjoy their pools and spas.

Summarized from source with an LLMView SourceSector: Consumer Services

Revenue Decline

Leslie's Inc reported a revenue of $189 million for the second quarter of fiscal year 2024, reflecting an 11% decrease compared to the same period last year. This decline was influenced by a 260 basis points impact from June 2023 chemical price actions and a 180 basis points impact from a two-day calendar shift.

Gross Profit and Margin

The gross profit for Leslie's Inc in Q2 FY2024 was $54 million, representing a 24% year-over-year decrease. The gross margin contracted by 464 basis points, resulting in a gross margin rate of 28.8% for the quarter, down from 33.44% in the prior year quarter.

Adjusted EBITDA and EPS

Leslie's Inc reported an adjusted EBITDA of negative $19 million for the second quarter of fiscal year 2024, which is $11 million lower than the previous year's quarter. The adjusted earnings per share (EPS) was negative $0.17, compared to negative $0.14 in the same quarter last year.

Sales Breakdown

Sales for Leslie's Inc in Q2 FY2024 were impacted by various factors, including a 10% decline in traffic due to unfavorable weather. Non-discretionary sales decreased by 11%, discretionary sales by 13%, and chemical sales by 11%, which included a 575 basis points impact from the June 2023 chemical price actions.

Fiscal 2024 Guidance

Leslie's Inc reaffirmed its fiscal 2024 guidance, projecting sales between $1,410 million to $1,470 million, which represents a change of -3% to +1% compared to the previous year. The company also expects adjusted EBITDA to be in the range of $170 million to $190 million, reflecting a potential increase of 1% to 13%.

Summarized from source with an LLMView Source

Key figures

-68.6%1Y

-90.7%3Y

%5Y

Performance

97.8%1Y

74.4%3Y

68.8%5Y

Volatility