Leslie's Q3 sales fall 9.3%, EPS $0.39 vs $0.67; reaffirms lowered FY guidance

Leslie's, Inc.

2023-Q3 EPS reported $0.06 revenue$1,018,839,000

Sales $610.9M, -9.3% YoY; comparable sales -11.8% on double-digit traffic declines.
Net income $72.5M ($0.39 diluted) vs $123.0M ($0.67) prior year; adj EPS $0.41 vs $0.68.
Gross margin 41.2% vs 45.1% due to product cost inflation, elevated distribution costs.
Adj EBITDA $129.0M vs $182.9M; interest expense $17.7M at 7.61% vs $6.8M at 3.02%.
Reaffirms FY23 outlook: sales $1.43-$1.45B, adj EBITDA $170-$180M, adj EPS $0.28-$0.32.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Leslie's, Inc. reported the third quarter ended July 1, 2023 results: revenue $610.9 million, net income $72.5 million, EPS $0.39. Guidance reaffirmed.

Period: the third quarter ended July 1, 2023
Revenue: $610.9 million
Net income: $72.5 million
EPS: $0.39
Guidance: reaffirmed
Result: reported results

Exact text from the filing

set forth by specific reference in such filing. --- EX-99.1 (EX-99.1) --- EX-99.1 Exhibit 99.1 Leslie’s, Inc. Announces Third Quarter Fiscal 2023 Financial Results • Sales of $610.9 million • Net income of $72.5 million • Adjusted EBITDA of $129.0 million • Diluted earnings per share of $0.39; Adjusted diluted earnings per share of $0.41 PHOENIX, August 2, 2023 –

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Leslie's, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-23-037202

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