secwatch / observer
8-K filed November 30, 2022, 6:59 PM ET ticker LESL CIK 0001821806
earnings confidence high sentiment neutral materiality 0.72

Leslie's Q4 net income +30.1% to $57.9M; FY2023 guidance below prior year levels

Leslie's, Inc.

2022-FY EPS reported $0.85 revenue$1,562,120,000

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Leslie's, Inc. reported fiscal year 2023 results: revenue $1,560 to $1,640 million, net income $131 to $146 million, EPS $0.78 to $0.86. Guidance initiated.

Period
fiscal year 2023
Revenue
$1,560 to $1,640 million
Net income
$131 to $146 million
EPS
$0.78 to $0.86
Guidance
initiated
Result
guidance update
Exact text from the filing
Fiscal 2023 Outlook The Company expects the following for Fiscal 2023: 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 Adjusted diluted earnings per share $0.78 to $0.86 Diluted weighted average shares outstanding 185 to 187 million
View on SEC.gov
Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Leslie's, Inc. reported the fourth quarter ended October 1, 2022 results: revenue $475.6 million, net income $57.9 million, EPS $0.31.

Period
the fourth quarter ended October 1, 2022
Revenue
$475.6 million
Net income
$57.9 million
EPS
$0.31
Result
reported results
Exact text from the filing
Sales increased $66.7 million, or 16.3%, to $475.6 million compared to $408.9 million in the prior year period and comparable sales increased 10.2%. • Gross profit increased $29.1 million, or 15.5%, to $217.2 million compared to $188.1 million in the prior year period and gross margin was 45.7% compared to 46.0% in the prior year period. The decrease in gross margin was primarily attributed to business mix. 1 • Selling, general and administrative expenses (“SG&A”) increased $13.2 million to $134.1 million compared to $120.9 million in the prior year period, primarily driven by the sales increase, inflationary costs associated with payroll and digital marketing expenses, and non-comparable SG&A related to our acquisitions. • Operating income increased $16.0 million, or 23.8%, to $83.1 million compared to $67.1 million in the prior year period. • Net income increased $13.4 million, or 30.1%, to $57.9 million compared to $44.5 million in the prior year period. • Adjusted net income increa
View on SEC.gov
Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Leslie's, Inc. reported the fiscal year ended October 1, 2022 results: revenue $1,562.1 million, net income $159.0 million, EPS $0.85.

Period
the fiscal year ended October 1, 2022
Revenue
$1,562.1 million
Net income
$159.0 million
EPS
$0.85
Result
reported results
Exact text from the filing
Sales increased $219.2 million, or 16.3%, to $1,562.1 million compared to $1,342.9 million in the prior year period and comparable sales increased 10.6%. • Gross profit increased $78.5 million, or 13.2%, to $673.7 million compared to $595.2 million in the prior year period and gross margin was 43.1% compared to 44.3% in the prior year period. The decrease in gross margin was primarily attributed to business mix. • SG&A increased $48.9 million to $435.0 million compared to $386.1 million in the prior year period, primarily driven by the sales increase, inflationary costs associated with payroll and digital marketing expenses, and non-comparable SG&A related to our acquisitions. • Operating income increased $29.7 million, or 14.2%, to $238.8 million compared to $209.1 million in the prior year period. • Net income increased $32.4 million, or 25.6%, to $159.0 million compared to $126.6 million in the prior year period. • Adjusted net income increased $14.9 million, or 9.2%, to $176.4 mill
View on SEC.gov

18 earnings releases filed in the last 30 days. Browse all earnings releases →

Leslie's, Inc. filing history →

Source: SEC EDGAR
accession 0000950170-22-025829
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