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Jul 02, 2022
Leslie's Q3 2022 Earnings Report
Announced third quarter fiscal 2022 financial results and revised full year outlook.
Key Takeaways
Leslie's, Inc. reported record third quarter sales of $673.6 million, a 12.9% increase year-over-year, and net income of $123.0 million, a 3.5% increase year-over-year. The company has revised its full year outlook due to distribution center issues and product margin decreases.
Record third quarter sales of $673.6 million, an increase of 12.9% from the prior year period; Comparable sales growth of 7.4%
Net income increase of 3.5% from the prior year period to $123.0 million; Adjusted net income increase of 1.1% from the prior year period to $125.7 million
Diluted earnings per share of $0.67 compared to $0.61 in the prior year period and Adjusted diluted earnings per share of $0.68 compared to $0.64 in the prior year period
Adjusted EBITDA increase of 2.0% from the prior year period to $182.9 million
Leslie's
Leslie's
Forward Guidance
The Company revised its outlook for the full year of Fiscal 2022: Sales $1,550 to $1,570 million, Net income $150 to $160 million, Adjusted net income $168 to $178 million, Adjusted EBITDA $287 to $297 million, Adjusted diluted earnings per share $0.90 to $0.96.