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Mar 30, 2024
Leslie's Q2 2024 Earnings Report
Announced second quarter fiscal 2024 financial results, with sales impacted by weather and consumer spending normalization.
Key Takeaways
Leslie's, Inc. reported sales of $188.7 million and a net loss of $34.6 million for the second quarter of fiscal 2024. The company's performance was largely in line with profit expectations, although sales were negatively affected by cool and wet weather and a normalization of consumer spending. The company reaffirmed its fiscal year 2024 outlook.
Sales were $188.7 million, down 11.4% year-over-year, with comparable sales decreasing by 12.1%.
Gross profit was $54.3 million, a decrease of 23.7% compared to the prior year period.
Net loss was $34.6 million, compared to a net loss of $31.5 million in the prior year period.
The Company reaffirmed its outlook for the full year of fiscal 2024.
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