Leslie's Inc · Q3 2022 earnings

Briefing

Announced third quarter fiscal 2022 financial results and revised full year outlook.

Leslie's, Inc. reported record third quarter sales of $673.6 million, a 12.9% increase year-over-year, and net income of $123.0 million, a 3.5% increase year-over-year. The company has revised its full year outlook due to distribution center issues and product margin decreases.

• Record third quarter sales of $673.6 million, an increase of 12.9% from the prior year period; Comparable sales growth of 7.4%
• Net income increase of 3.5% from the prior year period to $123.0 million; Adjusted net income increase of 1.1% from the prior year period to $125.7 million
• Diluted earnings per share of $0.67 compared to $0.61 in the prior year period and Adjusted diluted earnings per share of $0.68 compared to $0.64 in the prior year period
• Adjusted EBITDA increase of 2.0% from the prior year period to $182.9 million

Headline financials

Revenue & EPS history

The Company revised its outlook for the full year of Fiscal 2022: Sales $1,550 to $1,570 million, Net income $150 to $160 million, Adjusted net income $168 to $178 million, Adjusted EBITDA $287 to $297 million, Adjusted diluted earnings per share $0.90 to $0.96.