secwatch.observer — SEC 8-K summary
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Issuer:     Leslie's, Inc. (LESL)
CIK:        0001821806
Form:       8-K
Filed at:   2024-08-07T23:59:59+00:00
Accession:  0000950170-24-092798
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Leslie's Q3 sales fall 6.8% to $569.6M; net income drops to $60.7M from $72.5M
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- Comparable sales down 7.0% YoY; gross margin contracted to 40.2% from 41.2%.
- Adjusted diluted EPS $0.34 vs $0.41 prior year; GAAP diluted EPS $0.33.
- Adjusted EBITDA $109.5M, down from $129.0M in Q3 fiscal 2023.
- Full-year fiscal 2024 guidance reaffirmed: sales $1,321-1,347M, adjusted EBITDA $117-131M.
- Inventory reduced 30.8% to $302.2M; funded debt down to $783.7M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1821806/000095017024092798/0000950170-24-092798-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1821806/000095017024092798/lesl-20240807.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-092798

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