secwatch.observer — SEC 8-K summary
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Issuer:     Leslie's, Inc. (LESL)
CIK:        0001821806
Form:       8-K
Filed at:   2023-05-03T23:59:59+00:00
Accession:  0000950170-23-017214
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1821806/000095017023017214/0000950170-23-017214-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1821806/000095017023017214/lesl-20230503.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-017214

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