earnings
confidence high
sentiment negative
materiality 0.75
Leslie's Q3 sales up 12.9% to $673.6M; cuts FY2022 guidance on distribution issues
Leslie's, Inc.
2022-Q3 EPS reported
$0.54
revenue$1,086,529,000
- Q3 diluted EPS $0.67 ($0.68 adjusted) vs. $0.61 prior year; net income $123.0M.
- Comparable sales growth 7.4%; gross margin fell to 45.1% from 47.6% on mix and cost pressures.
- FY2022 outlook cut: sales $1,550-1,570M (prior $1,575-1,610M); adj. EPS $0.90-0.96 (prior $1.02-1.10).
- Management cites distribution center execution issues and supply chain/product margin headwinds.
- Repurchased 7.5M shares ($151.9M) in 9 months; $148.1M remaining under buyback authorization.