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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.
Leslie's
Leslie's
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