Financial Highlights from Leslie’s, Inc.
In light of recent developments, Leslie’s, Inc. (NASDAQ: LESL), the premier name in pool and spa care in the U.S., has unveiled its financial results for the second quarter of fiscal year 2025. The company is dedicated to serving both residential and professional customers with quality products and exceptional service.
CEO Jason McDonell's Vision
Jason McDonell, the CEO of Leslie’s, expressed pride in the company’s team and highlighted their client-centric approach amidst various challenges. The second quarter witnessed weather-related variations affecting customer traffic, leading to slightly lower-than-expected revenues. Nevertheless, the company adapted quickly to maintain adjusted EBITDA in accordance with its financial forecasts.
Quarterly Financial Performance Overview
For the fiscal second quarter ending March 29, 2025, Leslie’s reported the following results:
- Sales reached $177.1 million, marking a 6.1% decrease compared to $188.7 million in the same period last year.
- Gross profit declined to $43.9 million, a reduction of 19.1% from $54.3 million in the previous year.
- General and administrative expenses totalled $92.3 million, up from the $84.9 million reported a year prior.
- The operating loss was noted at $48.4 million, compared to a loss of $30.5 million in the prior year's second quarter.
- Interest expenses amounted to $15.9 million, a decrease from $18.2 million the previous year.
- Net loss was $51.3 million, compared to $34.6 million in the same quarter last year.
- Adjusted EBITDA stood at $(36.1) million, compared to $(19.3) million in the prior year.
Company Outlook and Future Guidance
Looking ahead, Leslie’s has reiterated its fiscal 2025 guidance. The company anticipates sales between $1.304 billion and $1.370 billion, alongside a gross profit range of $473 million to $505 million. Additionally, they project an adjusted EBITDA of $96 million to $116 million for the fiscal year.
Conference Call to Discuss Results
Leslie’s will engage stakeholders in a conference call set for 5:30 p.m. Eastern Time to dive deeper into these financial results. Participants can expect additional insights into the company’s transformation strategies aimed at boosting performance and enhancing customer experiences.
About Leslie’s Inc.
Founded in 1963, Leslie’s operates a comprehensive ecosystem to meet the demands of both residential clients and pool professionals. With over 1,000 retail locations and a robust digital presence, the company strives to be the go-to resource for pool and spa maintenance products. Its dedicated team is committed to empowering customers with the knowledge and tools required to enjoy their recreational spaces.
Frequently Asked Questions
What were Leslie’s sales figures for Q2 fiscal 2025?
Leslie’s reported sales of $177.1 million for Q2 fiscal 2025, a decline of 6.1% year-over-year.
How did the gross profit change in the latest quarter?
The gross profit for the quarter was $43.9 million, down 19.1% from the same quarter last year.
What is Leslie's outlook for fiscal 2025?
The company expects sales to be between $1.304 billion and $1.370 billion, with an adjusted EBITDA forecast of $96 million to $116 million.
When will the earnings call take place?
The earnings call is scheduled for 5:30 p.m. Eastern Time, where detailed discussions on financial results will occur.
Who should I contact for investor relations at Leslie’s?
Contact Elisabeth Eisleben, Senior Vice President of Investor & Public Relations at Leslie’s via email: investorrelations@lesl.com.
