earnings
confidence high
sentiment negative
materiality 0.75
Leslie's Q1 FY2025 net loss widens to $44.6M; guides FY sales $1.30-1.37B
Leslie's, Inc.
2025-Q1 EPS reported
-$0.24
revenue$175,228,000
- Sales $175.2M (+0.7% YoY); first comparable store sales gain in two years at +0.2%.
- Net loss $44.6M vs $39.6M loss prior year; adjusted EPS loss $(0.22) vs $(0.20).
- Gross margin 27.2% down 180bps; 95bps from inventory adjustments, 75bps occupancy deleverage.
- Adj. EBITDA loss $(29.3)M vs $(24.4)M prior year; includes transformational expenses.
- FY2025 guidance: sales $1,304-1,370M, adj. EBITDA $96-116M, adj. diluted EPS $(0.01)-$0.07.