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Oct 03, 2020
Leslie's Q4 2020 Earnings Report
Announced strong Q4 and Fiscal 2020 results, achieving record sales of $1.1 billion in Fiscal 2020.
Key Takeaways
Leslie's, Inc. reported a strong fourth quarter and fiscal year 2020, with sales surpassing $1 billion for the first time. The company's performance was driven by the recurring, non-discretionary nature of demand, unique capabilities, and strategies to drive market share gains.
Fiscal 2020 sales increased 19.8% to $1,112 million.
Fourth quarter Fiscal 2020 comparable sales growth of 23.3%.
Fiscal 2020 GAAP net income increased to $58.6 million from $0.7 million in Fiscal 2019.
Completed initial public offering.
Leslie's
Leslie's
Forward Guidance
The Company expects the following for full year Fiscal 2021:
Positive Outlook
- Sales $1,155 to $1,175 million
- GAAP net income $82 to $92 million
- Adjusted net income $96 to $106 million
- Adjusted EBITDA $192 to $198 million
- Adjusted net income per share $0.50 to $0.55