"On behalf of Leslie's, we are thrilled to welcome Lorna to the Board of Directors. Her breadth and depth of experience, leadership, and strategic insights will be invaluable as we continue to drive long-term growth and deliver value to our stakeholders. We are excited for Lorna to engage with our Board and our management team," said John Strain, Leslie's Chairman of the Board. Ms. Nagler will contribute nearly 40 years of retail expertise, including first-hand experience leading a wide variety of retail co ...

Ms. Nagler said, "I am thrilled to be joining the Leslie's Board and look forward to bringing my years of experience to help drive profitable growth and advance the Company's strategic initiatives." Founded in 1963, Leslie's is the largest and most trusted direct-to-consumer brand in the U.S. pool and spa care industry. The Company serves the aftermarket needs of residential and professional consumers with an extensive and largely exclusive assortment of essential pool and spa care products. The Company ope ...

Investors can contact the law firm at no cost to learn more about recovering their losses. Leslie's, Inc. is the largest retailer of swimming pool supplies and related products in the United States. Our investigation concerns whether the Company's board of directors breached its fiduciary duties to shareholders, and/or grossly mismanaged the company. Please visit our website to review more information and submit your transaction information. Lesley F. Portnoy, Esq. Admitted CA and NY Bar lesley@portnoylaw.c ...

Financial Data and Key Metrics Changes - Total sales for the second quarter were $189 million, down 11% year over year, impacted by approximately 440 basis points from chemical price actions and a calendar shift [8][56] - Gross profit was $54 million compared to $71 million in the same quarter last year, with gross margin declining 464 basis points to 28.8% [57] - Adjusted EBITDA for the quarter was negative $19 million, and adjusted diluted earnings per share were negative $0.17 [33][58] - SG&A expenses decreased by 12% year over year to $85 million, primarily due to lower merchant fees and payroll costs [58] Business Line Data and Key Metrics Changes - Residential pool sales were down 12%, PRO pool sales down 9%, and residential hot tub sales down 14% compared to the prior year [36] - Discretionary product sales decreased by 13%, while equipment sales were down 10%, showing an improvement of 800 basis points from Q1 [32][36] - Average revenue per customer decreased by 8%, with loyalty customers performing better at a decline of 4% [34] Market Data and Key Metrics Changes - Pool openings were down 19% year over year due to unfavorable weather conditions, impacting sales significantly [31] - The company reported that specialty pool sales were down in 8 of the last 10 quarters, but they have grown faster than the industry by an average of approximately 380 basis points over that period [52] - The company experienced a 200 basis point increase in online market share despite overall underperformance compared to the industry [99] Company Strategy and Development Direction - The company remains focused on executing strategic growth initiatives to drive long-term sustainable growth and profitability [17] - Plans to open 15 new stores in fiscal 2024 and convert 6 residential stores to PRO format [59] - The AccuBlue Home smart tech water testing device and membership program is gaining traction, with positive customer feedback [54] Management's Comments on Operating Environment and Future Outlook - Management noted that the weather significantly impacted traffic and transactions, but they expect improved trends as the season progresses [84][126] - The company anticipates meaningful margin expansion in the back half of the fiscal year as they cycle past the June 2023 chemical price decreases [37][104] - Management expressed confidence in long-term growth prospects despite current challenges, emphasizing strong customer service and inventory management [40][60] Other Important Information - The company ended the quarter with $786 million outstanding on its secured term loan facility, a decrease of $83 million year over year [19] - Cash and cash equivalents were $8 million at the end of the quarter, compared to $9 million for the same period last year [38] Q&A Session Summary Question: Can you provide insight on market share and pricing strategies? - Management acknowledged underperformance relative to the industry but noted a 200 basis point increase in online market share, attributing challenges to weather and traffic [99] Question: What are the trends in equipment sales? - Equipment sales were down 10%, with improvements noted in heaters and variable-speed pumps, while automatic pool cleaners faced challenges [66][91] Question: How is the customer file performing? - The customer file showed a decline of 3% quarter over quarter, but management expects stabilization and growth in the second half of the year [103] Question: What is the outlook for gross margins? - Management expects gross margin expansion in the back half of the year as they cycle past previous pricing actions and improve promotional strategies [104][111]

Management says that the business is right on track for the year.Shares of swimming-pool retail chain Leslie's (LESL 15.14%) skyrocketed on Thursday after the company reported financial results for its fiscal second quarter, and after management said that it's on track to meet its full-year goals. As of 1:30 p.m. ET today, Leslie's stock was up 17%.What's so good about this quarter anyway?Without context, most investors wouldn't expect Leslie's stock to be up today. Sales of $189 million were down 11% year ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 For the quarterly period ended March 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-39667 LESLIE'S, INC. (Exact Name of Registrant as Specified in its Charter) Delaware 20-8397425 (State or other jurisdiction of ...

1 • Sales of $188.7 million • Net Loss of $34.6 million • Adjusted EBITDA of $(19.3) million • Diluted earnings per share of $(0.19); Adjusted diluted earnings per share of $(0.17) • Company reaffirms fiscal 2024 outlook • Sales were $188.7 million, a decrease of 11.4%, compared to $212.8 million in the prior year period. Comparable sales decreased 12.1% compared to the prior year period. Non-comparable sales from acquisitions and new stores contributed $1.5 million in the period. • Gross profit was $54.3 m ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission File Number: 001-39667 LESLIE'S, INC. (Exact Name of Registrant as Specified in its Charter) Delaware 20-8397425 (State or other jurisdiction ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended September 30, 2023 OR LESLIE'S, INC. (Exact Name of Registrant as Specified in its Charter) | Delaware | 20-8397425 | | --- | --- | | (State or other jurisdiction of | (I.R.S. Employer | | incorporation or organization) | Identification No.) | | 2005 East Indian School Road | | | Phoenix, AZ | 85016 | | ( ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) LESLIE'S, INC. (Exact Name of Registrant as Specified in its Charter) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | Delaware | 20-8397425 | | --- | --- | | (State or other jurisdiction of | (I.R.S. Employer | | incorporation or organization) | Identification No.) | | 2005 East Indian School Road | | | Phoenix, AZ | 85016 | | (Address of principal executive offices) | (Zi ...