secwatch.observer — SEC 8-K summary
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Issuer:     Leslie's, Inc. (LESL)
CIK:        0001821806
Form:       8-K
Filed at:   2024-07-17T23:59:59+00:00
Accession:  0000950170-24-084271
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Leslie's reports preliminary Q3 sales ~$570M; cuts FY2024 outlook to near break-even
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- Preliminary Q3 net income $56-58M (adj. EPS $0.32-0.33); gross margin ~40%.
- Revised FY2024 sales guidance $1,321-1,347M; net income ($5) to $6M; adj. EPS $0.03-0.09.
- Q3 results impacted by cold/wet April-May weather delayed pool season; June sales improved but down 2% YoY.
- Discretionary categories weak due to inflation and high interest rates; total transactions -2%, average order -5%.
- Expects ~20% lower inventory vs FY2023 year-end; more cash on hand by fiscal year-end.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1821806/000095017024084271/0000950170-24-084271-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1821806/000095017024084271/lesl-20240717.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-084271

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