Leslie’s, Inc. Announces Preliminary Third Quarter Fiscal 2025 Financial Results

Core Insights - Leslie's, Inc. announced preliminary estimated financial results for Q3 fiscal 2025, indicating a challenging quarter due to adverse weather conditions impacting pool season [1][4][10] - The company is withdrawing its previously provided fiscal year 2025 guidance and plans to update expectations during the upcoming earnings call [3][6] Financial Performance - Net sales for the quarter are approximately $500 million, reflecting a decline of about 12% compared to the same quarter last year [10] - Estimated net income ranges from $20 million to $22 million, with adjusted net income projected between $35 million and $38 million [10][27] - Adjusted EBITDA is estimated to be between $79 million and $82 million [10][27] - Diluted earnings per share are expected to be between $0.11 and $0.12, while adjusted diluted earnings per share are projected to be between $0.19 and $0.21 [10][28] Strategic Initiatives - The CEO highlighted ongoing strategic and operational reviews aimed at improving sales and profitability, focusing on performance across various business segments [4][5] - The company is working with external resources to accelerate its return to long-term profitable growth, maintaining a cash balance of approximately $43 million at the end of the quarter [5][10] Upcoming Events - A conference call is scheduled for August 6, 2025, to discuss the financial results and progress on strategic transformation initiatives [6][7]