NASDAQ$LESL

Leslie's Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Reported record second quarter sales with significant growth and raised full year outlook.

Leslie's, Inc. announced strong second-quarter results, exceeding expectations with a sales increase of 18.5% to $228.1 million and comparable sales growth of 13.3%. Despite a net loss of $(7.4) million, the company raised its fiscal year 2022 outlook for sales, gross profit, Adjusted EBITDA, and Adjusted earnings per share.

  • Record second quarter sales of $228.1 million, an 18.5% increase year-over-year.
  • Comparable sales grew by 13.3%.
  • Net loss was $(7.4) million, compared to $(6.5) million in the prior year period.
  • The company raised its Fiscal 2022 sales outlook by $85 million.

Headline financials

Total Revenue

$228M

Previous: $192M+18.5%
EPS (adj)

-$0.01

Previous: -$0.01+0.0%
Comparable Sales Growth

13.3%

Previous: 51.3%-74.1%
Adjusted EBITDA

$8.7M

No prior period
Gross Margin

37.5%

Previous: 37.2%+0.8%
Capital Expenditures

-$14.3M

Previous: -$9.49M-50.9%
Free Cash Flow

-$21.8M

Previous: -$15.9M-36.5%
Net Income

-$7.44M

Previous: -$6.45M-15.3%
Operating Income

-$3.99M

Previous: $1.31M-404.7%
Gross Profit

$85.6M

Previous: $71.7M+19.5%
Cash & Equivalents

$52M

Previous: $90.3M-42.5%
Total Assets

$930M

Previous: $859M+8.3%
Stock-Based Comp

$2.78M

Previous: $1.95M+42.7%

Revenue & EPS history

Leslie's · Revenue · Quarterly

$228M

Q2 2022+18.5%vs Q2 2021
Beat estimate in 7 of 12 quarters(58%)
ActualEstimate

Forward guidance

The Company raised its outlook for the full year of Fiscal 2022.

Tailwinds

  • Sales are expected to be $1,575 to $1,610 million.
  • Gross profit is expected to be $700 to $715 million.
  • Net income is expected to be $178 to 190 million.
  • Adjusted net income is expected to be $193 to $205 million.
  • Adjusted EBITDA is expected to be $315 to 330 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 Q2 2022

Historical avgQ2 2022

-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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