Leslie's Q2 sales down 6.7% to $212.8M; net loss $(31.5) million

Leslie's, Inc.

2023-Q2 EPS reported -$0.34 revenue$407,948,000

Comparable sales declined 13.5% YoY, driven by normalizing seasonal patterns and adverse weather.
Diluted EPS $(0.17) vs $(0.04) prior year; adjusted diluted EPS $(0.14) vs $(0.01).
Gross margin fell to 33.4% from 37.5% on occupancy and distribution cost deleverage.
Interest expense surged to $17.2M from $6.9M due to higher rates and increased borrowings.
Reaffirmed FY2023 guidance: sales $1.56-$1.64B; adjusted EBITDA $280-$310M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Leslie's, Inc. reported second quarter ended April 1, 2023 results: revenue $212.8 million, net income Net loss was $(31.5) million, EPS $(0.17). Guidance reaffirmed.

Period: second quarter ended April 1, 2023
Revenue: $212.8 million
Net income: Net loss was $(31.5) million
EPS: $(0.17)
Guidance: reaffirmed
Result: reported results

Exact text from the filing

specific reference in such filing. --- EX-99 (EX-99.1) --- EX-99 Exhibit 99.1 Leslie’s, Inc. Announces Second Quarter Fiscal 2023 Financial Results • Second quarter sales of $212.8 million, a decrease of 6.7% from the prior year period. • Comparable sales in the second quarter declined 13.5% compared to the prior year period, driven by the normalization of the

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Leslie's, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-23-017214

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