---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-001704"
form_type: "8-K"
ticker: "LESL"
cik: "0001821806"
company_name: "Leslie's, Inc."
filed_at: "2023-02-02T23:59:59+00:00"
generated_at: "2026-06-20T02:40:26.011154+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Leslie's Q1 FY2023 net loss $(0.16)/share; sales up 5.6% to $195.1M, comps down 4.0%

## Summary
- Record Q1 sales of $195.1M (+5.6% YoY); comparable sales declined 4.0% blamed on weather.
- Net loss $(30.3)M ($(0.16) diluted EPS) vs loss of $(14.5)M ($(0.08)) a year ago; adjusted EPS $(0.14).
- Gross margin fell to 33.5% from 36.4% due to business mix and occupancy deleverage.
- Reaffirmed FY2023 outlook: sales $1,560-$1,640M, adjusted EPS $0.78-$0.86.
- Inventories rose to $429.5M (+75% YoY) on investments to meet demand and mitigate supply chain.

## SEC filing metadata
- accession: 0000950170-23-001704
- form_type: 8-K
- ticker: LESL
- cik: 0001821806
- company_name: Leslie's, Inc.
- filed_at: 2023-02-02T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1821806/000095017023001704/0000950170-23-001704-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1821806/000095017023001704/lesl-20230202.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-001704
- JSON: https://secwatch.observer/filing/0000950170-23-001704.json
- Plain text: https://secwatch.observer/filing/0000950170-23-001704.txt

## Key facts
- Earnings Releases
  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
  source text: 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. •
  evidence_url: https://www.sec.gov/Archives/edgar/data/1821806/000095017023001704/0000950170-23-001704-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.