---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-017214"
form_type: "8-K"
ticker: "LESL"
cik: "0001821806"
company_name: "Leslie's, Inc."
filed_at: "2023-05-03T23:59:59+00:00"
generated_at: "2026-06-16T01:32:16.408586+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-23-017214
- form_type: 8-K
- ticker: LESL
- cik: 0001821806
- company_name: Leslie's, Inc.
- filed_at: 2023-05-03T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1821806/000095017023017214/0000950170-23-017214-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1821806/000095017023017214/lesl-20230503.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-017214
- JSON: https://secwatch.observer/filing/0000950170-23-017214.json
- Plain text: https://secwatch.observer/filing/0000950170-23-017214.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1821806/000095017023017214/0000950170-23-017214-index.htm

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