Welcome to our dedicated page for Leslie's news (Ticker: LESL), a resource for investors and traders seeking the latest updates and insights on Leslie's stock.
Leslie's, Inc. (NASDAQ: LESL) is the largest and most trusted direct-to-consumer pool and spa care brand in the United States. Founded in 1963, the company offers a comprehensive assortment of products across chemicals, equipment and parts, cleaning and maintenance equipment, and safety, recreational, and fitness-related products. Leslie's caters to the aftermarket needs of residential pool and spa owners, professional pool operators, and commercial pool facilities.
The company's product range includes essential pool and spa chemicals, equipment, and accessories. Operating exclusively within the United States, Leslie's boasts an integrated ecosystem of over 1,000 physical locations, combined with a robust digital platform. This enables consumers to engage with the brand whenever, wherever, and however they prefer to shop.
Leslie's has a dedicated team of associates, pool and spa care experts, and experienced service technicians who are passionate about empowering consumers with the knowledge, products, and solutions necessary to confidently maintain and enjoy their pools and spas. The company's extensive and largely exclusive product assortment ensures customers receive high-quality, reliable products to meet their pool and spa care needs.
Despite recent challenges such as unfavorable weather conditions and increased consumer price sensitivity, Leslie's remains focused on executing strategic initiatives to drive long-term market share gains and shareholder returns. The company has a long track record of profitable growth and continues to be a leader in the durable and advantaged consumer products category of aftermarket pool and spa care.
Leslie's also takes its Environmental, Social, and Governance (ESG) commitments seriously, regularly publishing annual ESG reports to measure and share its progress. These efforts are directed by the Chief Legal, Real Estate & Sustainability Officer, ensuring the company's operations align with its commitment to making a positive difference for consumers, associates, shareholders, and the broader community.
The company's financial performance is evaluated using both GAAP and non-GAAP measures, such as Adjusted EBITDA, Adjusted Net Income, and Adjusted Earnings per Share. These metrics provide valuable insights into the effectiveness of Leslie's business strategies and operational performance.
Leslie's continues to innovate and expand its offerings to meet the evolving needs of pool and spa owners. Recent initiatives include promoting above-ground pools as an affordable, easy-to-install option for homeowners and families. The company also offers in-store AccuBlue water testing to help pool owners maintain clean, safe, and clear water with a comprehensive, easy-to-follow water treatment plan.
For more information about Leslie's, visit lesliespool.com or follow and engage with the brand on Instagram, Facebook, and Twitter at @lesliespoolcare.
Leslie's reported Q4 2024 sales of $397.9 million, down 8.0% year-over-year, with a net loss of $9.9 million. For fiscal 2024, sales decreased 8.3% to $1,330.1 million with a net loss of $23.4 million. Comparable sales declined 8.3% in Q4 and 8.8% for the full year. Gross margin contracted to 36.0% in Q4 from 37.0% last year, affected by deleverage and a one-time $5 million contract item. The company reduced inventory by 24.9% to $234.3 million and improved cash position to $108.5 million. For Q1 2025, Leslie's expects sales between $169-176 million with an adjusted net loss of $(39)-$(37) million.
Leslie's Inc. (NASDAQ: LESL), the largest direct-to-consumer brand in the U.S. pool and spa care industry, has scheduled the release of its fourth quarter and full year fiscal 2024 financial results for November 25, 2024, after market close. The company will host a conference call at 4:30 p.m. Eastern Time to discuss the results, with a live audio webcast available at ir.lesliespool.com. Investors can participate by dialing 877-407-0784 (international: 1-201-689-8560). A replay will be accessible online for 180 days.
Leslie's, Inc. (NASDAQ: LESL), the leading direct-to-consumer brand in the U.S. pool and spa care industry, has announced its participation in the Goldman Sachs 31st Annual Global Retailing Conference. The event is scheduled for September 4-5, 2024, in New York City. Leslie's management team will engage in investor meetings on both days and participate in a fireside chat with Goldman Sachs analyst Kate McShane on September 5, 2024, at 8:55 AM.
Investors interested in attending can access the fireside chat webcast through the provided link. This conference presents an opportunity for Leslie's to showcase its market position and engage with potential investors in the retail sector.
Leslie's (NASDAQ: LESL), the largest direct-to-consumer brand in the U.S. pool and spa care industry, has announced a CEO transition. Jason McDonell will become the new CEO effective September 9, 2024, replacing Michael Egeck who has departed the company. John Strain, Leslie's Chairman, will serve as Interim CEO until McDonell assumes the role.
McDonell brings nearly 30 years of experience in retail and consumer products, most recently serving as Executive VP at Advance Auto Parts. He previously held leadership roles at PepsiCo and Procter & Gamble. The company has reaffirmed its fiscal 2024 outlook, indicating confidence in its financial projections despite the leadership change.
Leslie's, Inc. (NASDAQ: LESL), the largest direct-to-consumer brand in the U.S. pool and spa care industry, reported its Q3 fiscal 2024 financial results. Key highlights include:
- Sales decreased 6.8% to $569.6 million
- Net income fell to $60.7 million
- Adjusted EBITDA was $109.5 million
- Diluted EPS was $0.33; Adjusted diluted EPS was $0.34
The company faced challenges due to a cold, wet start to the pool season and weak discretionary product sales. However, positive trends emerged in June, including improvements in total sales, chemical sales, and Pro and Hot Tub sales. Leslie's reaffirmed its fiscal 2024 outlook, projecting sales between $1,321 to $1,347 million and adjusted EBITDA of $117 to $131 million.
Leslie's, Inc. (NASDAQ: LESL), the largest U.S. pool and spa care brand, announced preliminary Q3 fiscal 2024 results and updated its fiscal 2024 outlook. The company expects Q3 sales of $570 million, with gross profit of $228-$229 million and net income of $56-$58 million. Adjusted EBITDA is projected at $108-$109 million.
Due to unfavorable weather in April and May, and weakness in discretionary categories, Leslie's revised its full-year fiscal 2024 outlook. Sales are now expected to be $1,321-$1,347 million, with net income (loss) of ($5) to $6 million. The company anticipates ending the fiscal year with 20% less inventory than fiscal 2023 year-end and more cash on hand.
Despite challenges, Leslie's saw improved sales trends in June, with chemical sales showing mid-single digit positive growth. The company continues to invest in operational improvements to drive efficiency and reduce costs.
Leslie's, the U.S. leader in pool and spa care, announced the appointment of Lorna Nagler to its Board of Directors, increasing the board size from seven to eight effective June 19, 2024. Nagler, a Class II Director, joins the Nominating and Corporate Governance and Compensation Committees. With nearly 40 years of retail experience, including board roles at Ulta Beauty and Hibbett Sports, Nagler’s expertise is anticipated to drive long-term growth and strategic initiatives for Leslie’s.
Leslie's, the leading direct-to-consumer pool and spa care brand in the U.S., has appointed Maile (Clark) Naylor to its Board of Directors, replacing Eric Kufel effective May 15, 2024.
Ms. Naylor joins as a Class I Director and member of the Audit and Compensation Committees. Eric Kufel resigned to focus on his role as Chairman and CEO of another company, with no disagreements related to Leslie's operations or policies.
Ms. Naylor brings 25 years of buy-side experience at firms like MFS Investment Management and Wellington Management. She is an Independent Director at BJ's Wholesale Club and Laird Superfood. Leslie's Chairman John Strain expressed gratitude for Kufel's contributions and welcomed Naylor's valuable perspective.
Leslie’s, Inc. reported its second-quarter fiscal 2024 financial results, with sales of $188.7 million and a net loss of $34.6 million. The company reaffirmed its fiscal 2024 outlook, expecting sales of $1,410 to $1,470 million. Despite challenges like cool weather impacting sales, the CEO remains optimistic about future growth.
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