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Apr 03, 2021
Leslie's Q2 2021 Earnings Report
Reported record second quarter sales with substantial increase, driven by industry tailwinds, integrated capabilities, and growth initiatives.
Key Takeaways
Leslie's, Inc. announced strong second quarter results for Fiscal 2021, with record sales of $192.4 million, a 52.3% increase year-over-year. The company's performance exceeded expectations, driven by industry tailwinds and growth initiatives. The company also raised its full year outlook.
Record second quarter sales of $192.4 million, up 52.3% from the prior year quarter.
Comparable sales growth of 51.3% on a reported basis and 35.5% on a shifted basis.
GAAP net loss improved to $(6.5) million compared to $(29.8) million in the prior year quarter.
Adjusted EBITDA improved by $17.6 million to $9.5 million from $(8.1) million in the prior year quarter.
Forward Guidance
The Company raised guidance for the full year Fiscal 2021, a 52-week year.
Positive Outlook
- Sales: $1,250 to $1,270 million
- GAAP net income: $95 to $105 million
- Adjusted net income: $125 to $135 million
- Adjusted EBITDA: $225 to $235 million
- Adjusted net income per share: $0.65 to $0.70
Historical Earnings Impact
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Avg. Return Before/After Earnings
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