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Leslie's, Inc. reports developments in the U.S. pool and spa care aftermarket, where it serves residential customers and pool professionals through company-operated locations and a digital platform. The company sells essential pool and spa care products, including chemicals, equipment, parts, cleaning and maintenance items, and related products, and also provides installation and repair services for pool and spa equipment.
Recurring updates cover quarterly and annual results, seasonal demand, pricing actions, inventory and cost initiatives, store and distribution optimization, and progress under strategic transformation programs. Company news also includes board and executive changes, shareholder-meeting matters, Nasdaq listing compliance, and other public-company governance developments.
Leslie's, Inc. (NASDAQ: LESL), the leading direct-to-consumer brand in the U.S. pool and spa care industry, has announced that its financial results for Q2 of fiscal 2023 will be revealed after market close on May 3, 2023. A conference call to discuss these results will take place at 4:30 p.m. Eastern Time the same day. Investors can join the call by dialing 877-407-0784 (international callers: 1-201-689-8560) 10 minutes prior. A live webcast of the event will be accessible online. Leslie's, founded in 1963, operates over 1,000 physical locations and a comprehensive digital platform to serve both residential and professional consumers with essential pool and spa products.
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Leslie's, Inc. (NASDAQ: LESL) has issued an urgent warning to consumers about chlorinating tablets sold on Amazon and other marketplaces, notably from brands like Rayyakicg and Womtri. These products lack the mandatory U.S. Environmental Protection Agency (EPA) labeling, which is crucial for ensuring safety for swimmers and the environment. Leslie's emphasizes the importance of reading product labels to avoid potential health risks. As per U.S. regulations, pool sanitizing products must have specific EPA identification numbers and labeling. The company aims to inform pool owners as the 2023 swim season approaches.
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.
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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%.