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Jan 01, 2022
Leslie's Q1 2022 Earnings Report
Leslie's reported first quarter fiscal 2022 financial results with record sales and improved net loss.
Key Takeaways
Leslie's, Inc. announced record first quarter sales of $184.8 million, a 27.5% increase year-over-year. Net loss improved by $15.8 million to $(14.5) million, and diluted earnings per share improved to $(0.08). The company raised its full year outlook for sales, gross profit, Adjusted EBITDA, and Adjusted earnings per share.
Record first quarter sales of $184.8 million, an increase of 27.5%; Comparable sales growth of 20.5%
Net loss improved by $15.8 million to $(14.5) million; Adjusted net loss of $(10.9) million compared to $(10.6) million in the prior year period
Diluted earnings per share improved to $(0.08) compared to $(0.17) in the prior year period. Adjusted diluted earnings per share remained consistent at $(0.06) compared to the prior year period
Adjusted EBITDA increased by $1.3 million to $1.1 million compared to $(0.2) million in the prior year period
Leslie's
Leslie's
Forward Guidance
The Company raised its outlook for the full year of Fiscal 2022:
Positive Outlook
- Sales $1,495 to $1,520 million (previously $1,475 to $1,500 million)
- Gross profit $665 to $675 million (previously $655 to $665 million)
- Net income $170 to $180 million
- Adjusted net income $183 to $193 million (previously $180 to $190 million)
- Adjusted EBITDA $300 to $310 million (previously $295 to $305 million)