NASDAQ$LESL
Leslie's Inc · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Leslie's experienced a sales decrease of 6.7% and a comparable sales decline of 13.5% in Q2 2023, driven by the normalization of seasonal purchasing and adverse weather, while non-comparable sales partially offset these headwinds.
Leslie's Q2 2023 financial results revealed a decrease in sales by 6.7% to $212.8 million compared to the prior year period. Comparable sales decreased by 13.5%, influenced by the normalization of the seasonal purchasing cycle and adverse weather conditions. Diluted earnings per share was $(0.17), and adjusted diluted earnings per share was $(0.14). The company reaffirms its Fiscal 2023 outlook.
- Second quarter sales reached $212.8 million, a decrease of 6.7% from the prior year period.
- Comparable sales in the second quarter declined 13.5% compared to the prior year period, driven by the normalization of the seasonal purchasing cycle to pre-pandemic patterns and adverse weather.
- Non-comparable sales related to acquisitions and new stores contributed $15.7 million.
- Diluted earnings per share was $(0.17) in the second quarter; Adjusted diluted earnings per share was $(0.14) in the second quarter.
Headline financials
Revenue & EPS history
Leslie's · Revenue · Quarterly
$213M
Forward guidance
The Company reaffirms its outlook for the full year of Fiscal 2023:
Tailwinds
- Sales $1,560 to $1,640 million
- Gross profit $667 to $708 million
- Net income $131 to $146 million
- Adjusted net income $145 to $160 million
- Adjusted EBITDA $280 to $310 million
Headwinds
- Adjusted diluted earnings per share $0.78 to $0.86
- Diluted weighted average shares outstanding 185 to 187 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 2023
-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
| Quarter | Report date | Reaction (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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