--- schema_version: "secwatch.filing_event.v1" accession: "0000950170-22-025829" form_type: "8-K" ticker: "LESL" cik: "0001821806" company_name: "Leslie's, Inc." filed_at: "2022-11-30T23:59:59+00:00" generated_at: "2026-06-21T11:47:23.170347+00:00" event_type: "earnings" sentiment: "neutral" materiality_score: 0.72 calibrated_materiality_score: 0.72 confidence: "high" source: SEC EDGAR --- # Leslie's Q4 net income +30.1% to $57.9M; FY2023 guidance below prior year levels ## Summary - Q4 sales $475.6M (+16.3% YoY); comparable sales +10.2%. - Q4 adjusted EPS $0.35 (vs $0.26); FY2022 adjusted EPS $0.95 (vs $0.85). - FY2023 guidance: sales $1,560-1,640M, adj EPS $0.78-0.86, adj EBITDA $280-310M. - Inventories $361.7M (+82% YoY); cash $112.3M; $148M remaining in buyback program. - Acquisition spend $107.7M in FY2022; total funded debt $797.9M. ## SEC filing metadata - accession: 0000950170-22-025829 - form_type: 8-K - ticker: LESL - cik: 0001821806 - company_name: Leslie's, Inc. - filed_at: 2022-11-30T23:59:59+00:00 - event_type: earnings - sentiment: neutral - materiality_score: 0.72 - calibrated_materiality_score: 0.72 - confidence: high - sec_items: 2.02, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1821806/000095017022025829/0000950170-22-025829-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1821806/000095017022025829/lesl-20221130.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0000950170-22-025829 - JSON: https://secwatch.observer/filing/0000950170-22-025829.json - Plain text: https://secwatch.observer/filing/0000950170-22-025829.txt ## Key facts - Earnings Releases 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 source text: 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 evidence_url: https://www.sec.gov/Archives/edgar/data/1821806/000095017022025829/0000950170-22-025829-index.htm - Earnings Releases 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 source text: 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 evidence_url: https://www.sec.gov/Archives/edgar/data/1821806/000095017022025829/0000950170-22-025829-index.htm - Earnings Releases 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 source text: 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 evidence_url: https://www.sec.gov/Archives/edgar/data/1821806/000095017022025829/0000950170-22-025829-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.