secwatch.observer — SEC 8-K summary
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Issuer:     Leslie's, Inc. (LESL)
CIK:        0001821806
Form:       8-K
Filed at:   2024-02-01T23:59:59+00:00
Accession:  0000950170-24-009811
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Leslie's Q1 sales $174M (-10.8% YoY), net loss $39.6M; reaffirms FY2024 outlook
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- Net loss of $39.6M vs $30.3M loss YoY; diluted EPS $(0.21) vs $(0.16).
- Adjusted EBITDA loss of $24.4M vs $11.9M loss YoY; adjusted diluted EPS $(0.20).
- Gross margin fell to 29.0% from 33.5% on pricing actions; SG&A down 5.9%.
- Reaffirmed FY2024: sales $1.41-1.47B; adjusted EBITDA $170-190M; adj. EPS $0.25-0.33.
- Cash $8.4M; funded debt $825.7M; inventory down 22.2% to $334M YoY.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1821806/000095017024009811/0000950170-24-009811-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1821806/000095017024009811/lesl-20240201.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-009811

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