NASDAQ$LESL

Leslie's Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Announced record results for the first quarter of fiscal 2021 and raised full year outlook.

Leslie's, Inc. reported record first quarter sales of $145.0 million, a 17.9% increase over the prior year. The company raised its Fiscal 2021 sales outlook by $20 million and Adjusted EBITDA by $10 million.

  • Sales increased 17.9% to $145.0 million from $123.0 million in the first quarter of Fiscal 2020.
  • Comparable sales on an unshifted basis increased 15.7% for the thirteen-week period ended January 2, 2021 compared to the thirteen week period ended December 28, 2019.
  • Gross profit increased 25.9% to $51.7 million from $41.1 million in the first quarter of Fiscal 2020.
  • Net loss was $(30.3) million compared to $(26.2) million in the first quarter of Fiscal 2020.

Headline financials

Total Revenue

$145M

Previous: $123M+17.9%
EPS (adj)

-$0.06

Previous: -$0.14+57.2%
Comparable Sales Growth

15.7%

No prior period
Adjusted EBITDA

-$243K

Previous: -$9M+97.3%
Capital Expenditures

-$2.71M

No prior period
Free Cash Flow

-$33M

No prior period
Net Income

-$30.3M

Previous: -$26.2M-15.5%
Operating Income

-$25.8M

Previous: -$18.6M-38.3%
Gross Profit

$51.7M

Previous: $41.1M+25.9%
Cash & Equivalents

$104M

No prior period
Total Assets

$747M

No prior period
Stock-Based Comp

$12.2M

No prior period

Revenue & EPS history

Leslie's · Revenue · Quarterly

$145M

Q1 2021+17.9%vs Q1 2020
Beat estimate in 7 of 12 quarters(58%)
ActualEstimate

Forward guidance

The Company raised guidance for the full year Fiscal 2021, a 52 week year.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

-3.5%

Avg return

Earnings day

-0.0%

Avg return

5 days after

+14.4%

Avg return

30 days after

39%

9 / 23 earnings

Positive

+12.4%

Q4 2020

Best reaction

-26.8%

Q1 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026+12.1%+80.4%+490.2%
Q1 2026-19.4%-22.6%-18.8%
Q4 2025-21.4%-22.9%-51.7%
Q2 2025+5.1%+26.0%+1.1%
Q1 2025-26.8%-25.0%-54.0%
Q4 2024-23.2%-27.9%-31.7%
Q3 2024+4.3%-2.0%-1.7%
Q2 2024+5.7%+8.2%+4.3%
Q1 2024+4.3%+13.6%+16.2%
Q4 2023-8.4%-8.6%+24.5%
Q3 2023+6.4%+7.0%-0.3%
Q2 2023-0.6%+4.5%-2.3%
Q1 2023-7.4%-20.4%-20.7%
Q4 2022-6.0%-12.0%-18.9%
Q3 2022+3.7%+0.8%-9.6%
Q2 2022-3.2%-10.1%-3.5%
Q1 2022-7.6%-6.7%-4.5%
Q4 2021-3.9%-2.1%+1.4%
Q3 2020+10.6%+10.0%+8.2%
Q3 2021-6.7%+3.2%+0.9%
Q2 2021-6.1%-4.6%+2.5%
Q1 2021-4.8%-8.5%-23.6%
Q4 2020+12.4%+19.5%+22.3%
Q2 2020
Q1 2020
Q4 2019

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