Leslie's Inc · Q2 2024 earnings

Briefing

Announced second quarter fiscal 2024 financial results, with sales impacted by weather and consumer spending normalization.

Leslie's, Inc. reported sales of $188.7 million and a net loss of $34.6 million for the second quarter of fiscal 2024. The company's performance was largely in line with profit expectations, although sales were negatively affected by cool and wet weather and a normalization of consumer spending. The company reaffirmed its fiscal year 2024 outlook.

• Sales were $188.7 million, down 11.4% year-over-year, with comparable sales decreasing by 12.1%.
• Gross profit was $54.3 million, a decrease of 23.7% compared to the prior year period.
• Net loss was $34.6 million, compared to a net loss of $31.5 million in the prior year period.
• The Company reaffirmed its outlook for the full year of fiscal 2024.

Headline financials

Revenue & EPS history

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