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. (NASDAQ: LESL) generates frequent news as a U.S. pool and spa care retailer focused on the aftermarket needs of residential customers and pool professionals. The company describes itself as the largest and most trusted direct-to-customer brand in the U.S. pool and spa care industry, and its updates often center on operations, strategy, and governance.
Visitors to this LESL news page can review company-issued press releases covering quarterly and annual financial results, guidance updates, and commentary on business performance. Recent communications have discussed sales trends, profitability metrics, inventory efficiency, and initiatives tied to what Leslie's calls its strategic transformation plan, including store and distribution center optimization.
The news flow also includes leadership and board changes, such as the appointment of a Chief Financial Officer and Treasurer, the addition of a Chief Merchandising and Supply Chain Officer with responsibility for merchandising, inventory, supply chain, logistics, manufacturing, and the digital marketplace business, and the appointment of an independent director with extensive retail experience. These announcements provide insight into how the company is shaping its management team and board to support its stated priorities.
Other updates highlight customer-focused initiatives, including enhancements to the Pool Perks Rewards Program with new loyalty tiers and benefits aimed at residential pool owners. Regulatory and capital markets developments, such as the approval and implementation of a 1-for-20 reverse stock split and subsequent confirmation of compliance with Nasdaq’s minimum bid price requirement, are also addressed in company news.
By following the LESL news feed, investors and observers can track Leslie's financial disclosures, strategic actions, loyalty program developments, and governance changes in one place, and reference the company’s own explanations of its operating environment and risk factors.
Leslie's, Inc. (NASDAQ: LESL) reported first quarter sales of $195.1 million, up 5.6% from the previous year, driven by acquisitions and new store growth. However, comparable sales fell 4.0% due to adverse weather. The company's diluted earnings per share were $(0.16), with an adjusted EPS of $(0.14). Gross profit decreased 3.0% to $65.3 million, leading to a gross margin drop from 36.4% to 33.5%. SG&A expenses rose significantly by $12.5 million to $92.3 million, primarily due to inflation. The company reaffirmed its full-year outlook, expecting sales between $1,560 and $1,640 million.
Leslie's, Inc. (NASDAQ: LESL) will release its first-quarter fiscal 2023 financial results after market close on February 2, 2023. A conference call to discuss these results will be held at 4:30 p.m. ET the same day. Investors can join the call by dialing 877-407-0784 for domestic calls or 1-201-689-8560 for international callers, approximately 10 minutes before start time. A live audio webcast will also be available online. A recorded replay of the call will be accessible shortly after the call and available for 90 days.
Leslie's, the leading U.S. pool and spa care brand, reported strong Q4 and fiscal 2022 results with a 16.3% sales increase to $475.6 million. Comparable sales grew 10.2% in Q4 and 10.6% for the year. Diluted EPS rose 34.8% to $0.31 in Q4 and 26.9% to $0.85 for the year. Adjusted EBITDA grew 21.3% to $99.5 million in Q4 and 8.0% to $292.3 million for fiscal 2022. For fiscal 2023, Leslie's expects sales of $1,560 to $1,640 million and adjusted diluted EPS of $0.78 to $0.86.
Leslie's, Inc. (NASDAQ: LESL) will host an Investor Day on November 30, 2022, where it will release its fourth quarter and fiscal year 2022 results. The event starts at 10:00 a.m. ET, following a press release at 7:00 a.m. ET. Management will discuss the results and provide an outlook for fiscal year 2023, alongside strategic growth initiatives. The event will be livestreamed on their investor relations website, with an archived replay available for 90 days.
Leslie's reported record third quarter sales of $673.6 million, a 12.9% increase year-over-year. Net income rose 3.5% to $123.0 million, and diluted earnings per share improved to $0.67 from $0.61. Despite challenges at its Northeastern distribution center, the company's adjusted EBITDA increased 2.0% to $182.9 million. For Fiscal 2022, Leslie's revised its outlook to expect sales growth of 15% to 17% and adjusted earnings per share growth of 6% to 13%.
Leslie's, the largest U.S. direct-to-consumer brand in the pool and spa care industry, will release its third quarter financial results for fiscal 2022 on August 5, 2022, before the market opens. A conference call is scheduled for 9:00 a.m. ET, allowing investors to analyze the results in detail. Interested participants can join the call by dialing the provided numbers or through a live audio webcast available on the company's investor relations site.
Leslie's, Inc. (NASDAQ: LESL) has announced the opening of 11 new retail stores across the U.S. during Summer 2022, expanding its footprint to over 970 locations in 39 states. Key locations include Kalamazoo, MI, and Camillus, NY. CEO Mike Egeck emphasized the company's commitment to providing integrated shopping solutions for all customer needs. Leslie's offers free services such as water testing and pool cleaner inspections, aiming to enhance customer experience. The company is also hiring approximately 4,500 associates to support its operation during the swimming pool season.
Infogain has appointed Anita Lynch and John Strain to its Board of Directors, enhancing its leadership team. Lynch brings over 25 years of experience in data and analytics, previously serving at major firms like Disney and Amazon. Strain, with more than 30 years in digital business, was previously Chief Digital Officer at The Gap, where he launched a successful loyalty program. Their appointments aim to boost Infogain's AI integration and client expansion in digital platform engineering.
Leslie's, Inc. (NASDAQ: LESL) recently participated in the Baird 2022 Global Consumer, Technology & Services Conference on June 6, 2022. Due to unforeseen technical difficulties, access to the live webcast was unavailable. However, the recorded presentation and slides are now accessible on the Company's Investor Relations website. Founded in 1963, Leslie's is the leading direct-to-consumer brand in the U.S. pool and spa care industry, operating over 950 locations and a robust digital platform to meet consumer needs.
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