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Apr 02, 2022
Leslie's Q2 2022 Earnings Report
Reported record second quarter sales with significant growth and raised full year outlook.
Key Takeaways
Leslie's, Inc. announced strong second-quarter results, exceeding expectations with a sales increase of 18.5% to $228.1 million and comparable sales growth of 13.3%. Despite a net loss of $(7.4) million, the company raised its fiscal year 2022 outlook for sales, gross profit, Adjusted EBITDA, and Adjusted earnings per share.
Record second quarter sales of $228.1 million, an 18.5% increase year-over-year.
Comparable sales grew by 13.3%.
Net loss was $(7.4) million, compared to $(6.5) million in the prior year period.
The company raised its Fiscal 2022 sales outlook by $85 million.
Forward Guidance
The Company raised its outlook for the full year of Fiscal 2022.
Positive Outlook
- Sales are expected to be $1,575 to $1,610 million.
- Gross profit is expected to be $700 to $715 million.
- Net income is expected to be $178 to 190 million.
- Adjusted net income is expected to be $193 to $205 million.
- Adjusted EBITDA is expected to be $315 to 330 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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