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Jan 02, 2021
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.
Leslie's
Leslie's
Forward Guidance
The Company raised guidance for the full year Fiscal 2021, a 52 week year.