secwatch.observer — SEC 8-K summary
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Issuer:     Leslie's, Inc. (LESL)
CIK:        0001821806
Form:       8-K
Filed at:   2024-05-08T23:59:59+00:00
Accession:  0000950170-24-055703
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Leslie's Q2 FY2024 sales down 11.4% to $188.7M; net loss of $34.6M; reaffirms FY outlook
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1821806/000095017024055703/0000950170-24-055703-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1821806/000095017024055703/lesl-20240508.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-055703

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