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 first quarter ended December 31, 2022 results: revenue $195.1 million, net income $(30.3) million, EPS $(0.16). Guidance reaffirmed.
- Period
- first quarter ended December 31, 2022
- Revenue
- $195.1 million
- Net income
- $(30.3) million
- EPS
- $(0.16)
- Guidance
- reaffirmed
- Result
- reported results
Exact text from the filing
Three Months Ended December 31, 2022 Highlights • Sales increased $10.3 million, or 5.6%, to $195.1 million compared to $184.8 million in the prior year period and non-comparable sales related to our acquisitions and new store growth increased $17.7 million. Comparable sales decreased 4.0% compared to the prior year period. • Gross profit decreased $2.0 million, or 3.0%, to $65.3 million compared to $67.3 million in the prior year period and gross margin was 33.5% compared to 36.4% in the prior year period. The decrease in gross margin was primarily attributed to business mix, and occupancy deleverage. • Selling, general and administrative expenses (“SG&A”) increased $12.5 million to $92.3 million compared to $79.8 million in the prior year period, primarily driven by inflationary costs associated with payroll and digital marketing expenses, and non-comparable SG&A related to our acquisitions. • Operating loss was $(27.0) million compared to $(12.5) million in the prior year period. •
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