secwatch.observer — SEC 8-K summary
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Issuer:     Leslie's, Inc. (LESL)
CIK:        0001821806
Form:       8-K
Filed at:   2022-08-05T23:59:59+00:00
Accession:  0000950170-22-014942
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Leslie's Q3 sales up 12.9% to $673.6M; cuts FY2022 guidance on distribution issues
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1821806/000095017022014942/0000950170-22-014942-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1821806/000095017022014942/lesl-20220805.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-014942

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer