NASDAQ$LESL

Leslie's Inc · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

Leslie's reported first quarter fiscal 2024 financial results, with sales of $174.0 million and a net loss of $39.6 million.

Leslie's, Inc. announced its first quarter fiscal 2024 financial results, with sales decreasing by 10.8% to $174.0 million compared to the prior year period. The company reported a net loss of $39.6 million and a diluted loss per share of $(0.21). The company reaffirmed its fiscal 2024 outlook.

  • Sales were $174.0 million, a decrease of 10.8% compared to the prior year period.
  • Gross profit was $50.4 million, a decrease of 22.8% compared to the prior year period, with a gross margin of 29.0%.
  • Operating loss was $36.5 million compared to an operating loss of $27.0 million in the prior year period.
  • Net loss was $39.6 million compared to a net loss of $30.3 million in the prior year period.

Headline financials

Total Revenue

$174M

Previous: $195M-10.8%
EPS

-$0.21

Previous: -$0.14-50.0%
Adjusted EBITDA

-$24.4M

No prior period
Adjusted Net Loss

-$36.8M

No prior period
Adjusted Diluted EPS

-$0.20

No prior period
Gross Margin

29.0%

No prior period
Capital Expenditures

-$10.7M

Previous: -$5.7M-88.5%
Free Cash Flow

-$50.3M

Previous: -$36M-39.9%
Net Income

-$39.6M

Previous: -$30.3M-30.7%
Operating Income

-$36.5M

Previous: -$27M-35.1%
Gross Profit

$50.4M

Previous: $65.3M-22.8%
Cash & Equivalents

$8.39M

Previous: $2.69M+211.9%
Total Assets

$999M

Previous: $1.08B-7.3%
Stock-Based Comp

$2.7M

Previous: $2.99M-10.0%

Revenue & EPS history

Leslie's · Revenue · Quarterly

$174M

Q1 2024-10.8%vs Q1 2023
Beat estimate in 8 of 15 quarters(53%)
ActualEstimate

Forward guidance

The Company reaffirmed its outlook for the full year of fiscal 2024: Sales $1,410 to $1,470 million Gross profit $550 to $573 million Net income $32 to $46 million Adjusted net income $46 to $60 million Adjusted EBITDA $170 to $190 million Adjusted diluted earnings per share $0.25 to $0.33 Diluted weighted average shares outstanding 185 million

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 2024

Historical avgQ1 2024

-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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