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Dec 30, 2023
Leslie's Q1 2024 Earnings Report
Leslie's reported first quarter fiscal 2024 financial results, with sales of $174.0 million and a net loss of $39.6 million.
Key Takeaways
Leslie's, Inc. announced its first quarter fiscal 2024 financial results, with sales decreasing by 10.8% to $174.0 million compared to the prior year period. The company reported a net loss of $39.6 million and a diluted loss per share of $(0.21). The company reaffirmed its fiscal 2024 outlook.
Sales were $174.0 million, a decrease of 10.8% compared to the prior year period.
Gross profit was $50.4 million, a decrease of 22.8% compared to the prior year period, with a gross margin of 29.0%.
Operating loss was $36.5 million compared to an operating loss of $27.0 million in the prior year period.
Net loss was $39.6 million compared to a net loss of $30.3 million in the prior year period.
Leslie's
Leslie's
Forward Guidance
The Company reaffirmed its outlook for the full year of fiscal 2024: Sales $1,410 to $1,470 million Gross profit $550 to $573 million Net income $32 to $46 million Adjusted net income $46 to $60 million Adjusted EBITDA $170 to $190 million Adjusted diluted earnings per share $0.25 to $0.33 Diluted weighted average shares outstanding 185 million