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Jul 01, 2023
Leslie's Q3 2023 Earnings Report
Leslie's Q3 2023 financial results were announced, revealing a decrease in sales and profitability due to unfavorable weather, increased consumer price sensitivity, and elevated chemical levels in pools from the previous year.
Key Takeaways
Leslie's Inc. reported Q3 2023 financial results with sales decreasing by 9.3% to $610.9 million compared to the prior year period. Net income was $72.5 million, and diluted earnings per share was $0.39. The company faced challenges due to unfavorable weather, increased consumer price sensitivity, and elevated chemical levels in pools from the previous year.
Sales decreased by 9.3% to $610.9 million compared to the prior year period.
Net income was $72.5 million compared to $123.0 million in the prior year period.
Diluted earnings per share was $0.39 compared to $0.67 in the prior year period.
Adjusted EBITDA was $129.0 million compared to $182.9 million in the prior year period.
Leslie's
Leslie's
Forward Guidance
The Company continues to expect the following for the full year of Fiscal 2023 consistent with the Company’s update on July 13, 2023:
Positive Outlook
- Sales $1,430 to $1,450 million
- Gross profit $549 to $559 million
- Net income $33 to $40 million
- Adjusted net income $52 to $59 million
- Adjusted EBITDA $170 to $180 million