secwatch.observer — SEC 8-K summary
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Issuer:     Leslie's, Inc. (LESL)
CIK:        0001821806
Form:       8-K
Filed at:   2023-08-02T23:59:59+00:00
Accession:  0000950170-23-037202
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1821806/000095017023037202/0000950170-23-037202-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1821806/000095017023037202/lesl-20230802.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-037202

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