Welcome to our dedicated page for Leslie'S news (Ticker: LESL), a resource for investors and traders seeking the latest updates and insights on Leslie'S stock.
Leslie's, Inc. (LESL) is a leading pool and spa care specialist providing essential maintenance products through its integrated retail network. This news hub offers investors and industry observers centralized access to official company developments and market-moving information.
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Leslie's, Inc. (NASDAQ: LESL), the largest U.S. pool and spa care brand, announced preliminary Q3 fiscal 2024 results and updated its fiscal 2024 outlook. The company expects Q3 sales of $570 million, with gross profit of $228-$229 million and net income of $56-$58 million. Adjusted EBITDA is projected at $108-$109 million.
Due to unfavorable weather in April and May, and weakness in discretionary categories, Leslie's revised its full-year fiscal 2024 outlook. Sales are now expected to be $1,321-$1,347 million, with net income (loss) of ($5) to $6 million. The company anticipates ending the fiscal year with 20% less inventory than fiscal 2023 year-end and more cash on hand.
Despite challenges, Leslie's saw improved sales trends in June, with chemical sales showing mid-single digit positive growth. The company continues to invest in operational improvements to drive efficiency and reduce costs.
Leslie's, the U.S. leader in pool and spa care, announced the appointment of Lorna Nagler to its Board of Directors, increasing the board size from seven to eight effective June 19, 2024. Nagler, a Class II Director, joins the Nominating and Corporate Governance and Compensation Committees. With nearly 40 years of retail experience, including board roles at Ulta Beauty and Hibbett Sports, Nagler’s expertise is anticipated to drive long-term growth and strategic initiatives for Leslie’s.
Leslie's, the leading direct-to-consumer pool and spa care brand in the U.S., has appointed Maile (Clark) Naylor to its Board of Directors, replacing Eric Kufel effective May 15, 2024.
Ms. Naylor joins as a Class I Director and member of the Audit and Compensation Committees. Eric Kufel resigned to focus on his role as Chairman and CEO of another company, with no disagreements related to Leslie's operations or policies.
Ms. Naylor brings 25 years of buy-side experience at firms like MFS Investment Management and Wellington Management. She is an Independent Director at BJ's Wholesale Club and Laird Superfood. Leslie's Chairman John Strain expressed gratitude for Kufel's contributions and welcomed Naylor's valuable perspective.
Leslie’s, Inc. reported its second-quarter fiscal 2024 financial results, with sales of $188.7 million and a net loss of $34.6 million. The company reaffirmed its fiscal 2024 outlook, expecting sales of $1,410 to $1,470 million. Despite challenges like cool weather impacting sales, the CEO remains optimistic about future growth.
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