secwatch.observer — SEC 8-K summary
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Issuer:     Leslie's, Inc. (LESL)
CIK:        0001821806
Form:       8-K
Filed at:   2023-02-02T23:59:59+00:00
Accession:  0000950170-23-001704
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1821806/000095017023001704/0000950170-23-001704-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1821806/000095017023001704/lesl-20230202.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-001704

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