Leslie's Inc

Latest Results (15.01.2025):

Fourth Quarter Sales

Leslie's Inc reported sales of $397.9 million for the fourth quarter of fiscal 2024, marking an 8.0% decrease compared to the same period in the previous year. This decline was attributed to a decrease in comparable sales by 8.3%, although non-comparable sales from acquisitions and new stores contributed $1.5 million during the period.

Net Loss and Earnings

In the fourth quarter of fiscal 2024, Leslie's Inc experienced a net loss of $9.9 million, contrasting with a net income of $16.5 million in the prior year period. The diluted earnings per share for this quarter were $(0.05), while adjusted diluted earnings per share stood at $0.02, down from $0.14 in the previous year.

Fiscal Year 2024 Performance

For the entire fiscal year 2024, Leslie's Inc reported a net loss of $23.4 million, compared to a net income of $27.2 million in the previous year. The company's sales decreased by 8.3% to $1,330.1 million, with a comparable sales decline of 8.8%. Adjusted EBITDA for the year was $108.7 million, down from $168.1 million in fiscal 2023.

Balance Sheet and Cash Flow

As of September 28, 2024, Leslie's Inc had cash and cash equivalents totaling $108.5 million, an increase from $55.4 million the previous year. Inventories decreased by 24.9% to $234.3 million. The company reported net cash provided by operating activities of $107.5 million for fiscal 2024, a significant increase from $6.5 million in fiscal 2023.

First Quarter Fiscal 2025 Outlook

Looking ahead to the first quarter of fiscal 2025, Leslie's Inc anticipates sales between $169 million and $176 million. The company expects a net loss ranging from $41 million to $39 million, with adjusted EBITDA projected to be between $(29) million and $(27) million. Adjusted diluted loss per share is expected to be between $(0.21) and $(0.20).