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Oct 01, 2022
Leslie's Q4 2022 Earnings Report
Reported record results driven by sales growth and strategic initiatives execution.
Key Takeaways
Leslie's, Inc. announced strong Q4 and Fiscal Year 2022 results, with a 16.3% increase in sales for both the quarter and the year. Net income for the fourth quarter increased by 30.1%, and Adjusted EBITDA increased by 21.3%. The company anticipates a challenging macroeconomic environment for Fiscal Year 2023 but remains focused on long-term objectives.
Fourth quarter and Fiscal 2022 sales increased 16.3%.
Comparable sales growth of 10.2% in the fourth quarter and 10.6% in Fiscal 2022.
Diluted earnings per share increased 34.8% to $0.31 in the fourth quarter and increased 26.9% to $0.85 in Fiscal 2022; Adjusted diluted earnings per share increased 34.6% to $0.35 in the fourth quarter and increased 11.8% to $0.95 in Fiscal 2022.
Fourth quarter Adjusted EBITDA increased 21.3% to $99.5 million; Fiscal 2022 Adjusted EBITDA increased 8.0% to $292.3 million
Forward Guidance
The Company expects the following for Fiscal 2023: Sales $1,560 to $1,640 million Gross profit $667 to $708 million Net income $131 to $146 million Adjusted net income $145 to $160 million Adjusted EBITDA $280 to $310 million Adjusted diluted earnings per share $0.78 to $0.86 Diluted weighted average shares outstanding 185 to 187 million
Historical Earnings Impact
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Avg. Return Before/After Earnings
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