NASDAQ$LESL

Leslie's Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Reported record second quarter sales with substantial increase, driven by industry tailwinds, integrated capabilities, and growth initiatives.

Leslie's, Inc. announced strong second quarter results for Fiscal 2021, with record sales of $192.4 million, a 52.3% increase year-over-year. The company's performance exceeded expectations, driven by industry tailwinds and growth initiatives. The company also raised its full year outlook.

  • Record second quarter sales of $192.4 million, up 52.3% from the prior year quarter.
  • Comparable sales growth of 51.3% on a reported basis and 35.5% on a shifted basis.
  • GAAP net loss improved to $(6.5) million compared to $(29.8) million in the prior year quarter.
  • Adjusted EBITDA improved by $17.6 million to $9.5 million from $(8.1) million in the prior year quarter.

Headline financials

Total Revenue

$192M

Previous: $126M+52.3%
EPS (adj)

-$0.01

Previous: -$0.16+93.7%
Comparable Sales Growth

51.3%

No prior period
Gross Margin

37.2%

Previous: 31.6%+17.7%
Capital Expenditures

-$9.49M

No prior period
Free Cash Flow

-$15.9M

No prior period
Net Income

-$6.45M

Previous: -$29.8M+78.4%
Operating Income

$1.31M

Previous: -$16.1M+108.1%
Gross Profit

$71.7M

Previous: $39.9M+79.6%
Cash & Equivalents

$90.3M

No prior period
Total Assets

$859M

No prior period
Stock-Based Comp

$1.95M

No prior period

Revenue & EPS history

Leslie's · Revenue · Quarterly

$192M

Q2 2021+52.3%vs Q2 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.

Tailwinds

  • Sales: $1,250 to $1,270 million
  • GAAP net income: $95 to $105 million
  • Adjusted net income: $125 to $135 million
  • Adjusted EBITDA: $225 to $235 million
  • Adjusted net income per share: $0.65 to $0.70

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 Q2 2021

Historical avgQ2 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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