Leslie'S, Inc. Stock Price, News & Analysis

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.