earnings
confidence high
sentiment negative
materiality 0.75
Leslie's Q2 FY2024 sales down 11.4% to $188.7M; net loss of $34.6M; reaffirms FY outlook
Leslie's, Inc.
2024-Q2 EPS reported
-$0.40
revenue$362,624,000
- Sales $188.7M (-11.4% YoY); comparable sales -12.1%; gross margin 28.8% vs 33.4% a year ago.
- Net loss $34.6M (-$0.19 diluted EPS); adjusted diluted EPS -$0.17 (vs -$0.14 prior year).
- Adjusted EBITDA -$19.3M vs -$8.4M prior year; interest expense up to $18.2M from $17.2M.
- Inventories down 23% to $379.1M; funded debt $882.7M (down from $965.8M a year ago).
- FY2024 outlook reaffirmed: sales $1.41-1.47B; adjusted EBITDA $170-190M; adjusted EPS $0.25-0.33.