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. 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.
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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%.
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.
Leslie's (NASDAQ: LESL), the leading direct-to-consumer brand in the U.S. pool and spa care industry, announced its participation in two upcoming investor conferences. The Baird 2022 Global Consumer, Technology & Services Conference will take place in New York City on June 6, 2022, with Leslie's fireside chat starting at 9:40 am ET. The William Blair’s 42nd Annual Growth Stock Conference will be held in Chicago on June 7, 2022, with a presentation at 12:00 pm CT. Live audio webcasts for both events will be accessible on the Company's Investor Relations website.
Leslie's, the largest direct-to-consumer brand in the U.S. pool and spa care industry, is partnering with the YMCA and Boys & Girls Clubs of America to enhance water safety. Customers can donate to these organizations in-store and online until October 31, 2022. Leslie's emphasizes water safety education, promoting healthy pool maintenance and safe environments. The YMCA teaches over one million children vital swimming skills annually, while the Boys & Girls Clubs focus on safety and well-being for young people. Founded in 1963, Leslie's operates over 950 locations across the U.S.
Leslie's, Inc. (NASDAQ: LESL) has appointed Claire Spofford to its Board of Directors. With over 20 years of leadership experience, Spofford has a proven track record in growing both mature brands and launching new businesses. She currently serves as CEO and President of J.Jill and has held executive roles at Cornerstone Brands and Orchard Brands. Spofford's expertise in omnichannel marketing is expected to bolster Leslie's initiatives for long-term shareholder value, continuing its leadership in the U.S. pool and spa care industry.
Leslie's, Inc. (NASDAQ: LESL) reported second quarter sales of $228.1 million, an 18.5% increase year-over-year. Comparable sales rose 13.3%. Despite this growth, the company experienced a net loss of $(7.4) million, slightly worse than the $(6.5) million loss in the prior year. Adjusted net loss improved to $(2.7) million. The company raised its full-year sales guidance by $85 million and adjusted EBITDA by $18 million for Fiscal 2022.