Pool Corp(POOL) - 2023 Q1 - Earnings Call Transcript

Gross margin of 30.6% was 110 basis points less than prior year and reflects a strong margin for the first quarter from a historical comparison standpoint. Prior year gross margin included benefits from multiple price changes amid higher levels of inflation. As expected, first quarter gross margin benefited from the sell through of our lower cost inventory investments made last year, and also reflects the higher base we would anticipate toward our full year longer term guidance of 30% gross margins, which i ...