Leslie's Q1 2021 Earnings Report

Announced record results for the first quarter of fiscal 2021 and raised full year outlook.

Key Takeaways

Leslie's, Inc. reported record first quarter sales of $145.0 million, a 17.9% increase over the prior year. The company raised its Fiscal 2021 sales outlook by $20 million and Adjusted EBITDA by $10 million.

Sales increased 17.9% to $145.0 million from $123.0 million in the first quarter of Fiscal 2020.

Comparable sales on an unshifted basis increased 15.7% for the thirteen-week period ended January 2, 2021 compared to the thirteen week period ended December 28, 2019.

Gross profit increased 25.9% to $51.7 million from $41.1 million in the first quarter of Fiscal 2020.

Net loss was $(30.3) million compared to $(26.2) million in the first quarter of Fiscal 2020.

Previous year: -$0.14

-57.2%

Comparable Sales Growth

15.7%