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Jun 29, 2024
Leslie's Q3 2024 Earnings Report
Leslie's Q3 2024 financial results were impacted by a cold and wet start to the pool season and weakness in discretionary product sales.
Key Takeaways
Leslie's, Inc. reported sales of $569.6 million and net income of $60.7 million for the third quarter of fiscal 2024. The results were impacted by a cold and wet start to the pool season and continued weakness in discretionary product sales.
Sales were $569.6 million, a decrease of 6.8% compared to the prior year period.
Net income was $60.7 million, compared to $72.5 million in the prior year period.
Diluted earnings per share was $0.33, compared to $0.39 in the prior year period.
Cash and cash equivalents totaled $74.4 million as of June 29, 2024, an increase of $55.0 million compared to July 1, 2023.
Forward Guidance
The Company has reaffirmed its outlook for the full year of fiscal 2024 consistent with the Company’s update on July 17, 2024:
Positive Outlook
- Sales $1,321 to $1,347 million
- Gross profit $483 to $499 million
- Net income (loss) ($5) to $6 million
- Adjusted net income $5 to $16 million
- Adjusted EBITDA $117 to $131 million
Challenges Ahead
- Adjusted diluted earnings per share $0.03 to $0.09
Historical Earnings Impact
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Avg. Return Before/After Earnings
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