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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, Inc. (NASDAQ: LESL), the leading direct-to-consumer brand in the U.S. pool and spa care industry, has announced that its financial results for Q2 of fiscal 2023 will be revealed after market close on May 3, 2023. A conference call to discuss these results will take place at 4:30 p.m. Eastern Time the same day. Investors can join the call by dialing 877-407-0784 (international callers: 1-201-689-8560) 10 minutes prior. A live webcast of the event will be accessible online. Leslie's, founded in 1963, operates over 1,000 physical locations and a comprehensive digital platform to serve both residential and professional consumers with essential pool and spa products.
Leslie's, Inc. (NASDAQ: LESL) has issued an urgent warning to consumers about chlorinating tablets sold on Amazon and other marketplaces, notably from brands like Rayyakicg and Womtri. These products lack the mandatory U.S. Environmental Protection Agency (EPA) labeling, which is crucial for ensuring safety for swimmers and the environment. Leslie's emphasizes the importance of reading product labels to avoid potential health risks. As per U.S. regulations, pool sanitizing products must have specific EPA identification numbers and labeling. The company aims to inform pool owners as the 2023 swim season approaches.
Leslie's, Inc. (NASDAQ: LESL) reported first quarter sales of $195.1 million, up 5.6% from the previous year, driven by acquisitions and new store growth. However, comparable sales fell 4.0% due to adverse weather. The company's diluted earnings per share were $(0.16), with an adjusted EPS of $(0.14). Gross profit decreased 3.0% to $65.3 million, leading to a gross margin drop from 36.4% to 33.5%. SG&A expenses rose significantly by $12.5 million to $92.3 million, primarily due to inflation. The company reaffirmed its full-year outlook, expecting sales between $1,560 and $1,640 million.
Leslie's, Inc. (NASDAQ: LESL) will release its first-quarter fiscal 2023 financial results after market close on February 2, 2023. A conference call to discuss these results will be held at 4:30 p.m. ET the same day. Investors can join the call by dialing 877-407-0784 for domestic calls or 1-201-689-8560 for international callers, approximately 10 minutes before start time. A live audio webcast will also be available online. A recorded replay of the call will be accessible shortly after the call and available for 90 days.
Leslie's, the leading U.S. pool and spa care brand, reported strong Q4 and fiscal 2022 results with a 16.3% sales increase to $475.6 million. Comparable sales grew 10.2% in Q4 and 10.6% for the year. Diluted EPS rose 34.8% to $0.31 in Q4 and 26.9% to $0.85 for the year. Adjusted EBITDA grew 21.3% to $99.5 million in Q4 and 8.0% to $292.3 million for fiscal 2022. For fiscal 2023, Leslie's expects sales of $1,560 to $1,640 million and adjusted diluted EPS of $0.78 to $0.86.
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