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 (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.
Leslie's, Inc. (NASDAQ: LESL), the leading direct-to-consumer brand in the U.S. pool and spa care market, will announce its second-quarter fiscal 2022 financial results after market close on May 5, 2022. A conference call is scheduled for 4:30 p.m. ET to discuss these results. Interested participants can join the call by dialing 877-407-0784 or accessing the live audio webcast on Leslie's investor relations website. A recorded replay of the call will be available shortly after its conclusion for 90 days.
Leslie's, the largest U.S. pool and spa care brand, reported record first-quarter sales of $184.8 million, a 27.5% increase year-over-year. Comparable sales rose by 20.5%. The company narrowed its net loss to $(14.5) million, improving diluted EPS to $(0.08). Adjusted EBITDA reached $1.1 million, up significantly from the prior year's $(0.2 million). Leslie's raised its FY 2022 outlook, anticipating higher sales by $20 million and gross profit by $10 million. It repurchased 7.5 million shares for $152 million.
Leslie's, Inc. (NASDAQ:LESL) will release its financial results for Q1 2022 on February 3, 2022, after market close. A conference call is scheduled for the same day at 4:30 PM ET for discussion of these results. Interested participants can join by dialing 877-407-0784, or via the live audio webcast available on their investor relations website. Founded in 1963, Leslie's is the largest direct-to-consumer brand in the U.S. pool and spa care industry, offering products through over 950 locations and digital platforms.
Leslie's (Nasdaq: LESL) announced an underwritten public offering of 12,500,000 shares by non-management stockholders, with an option for underwriters to purchase an additional 1,875,000 shares. The company will not receive any proceeds from the offering, which is set to settle on December 16, 2021. Concurrently, Leslie's plans to repurchase 7,500,000 shares from the selling stockholders at the same price as the offering. Goldman Sachs and Morgan Stanley are acting as underwriters. The offering's registration statement is effective with the SEC.
Leslie’s, Inc. (Nasdaq: LESL) announced a secondary offering of 12,500,000 shares by non-management stockholders, with the potential for an additional 1,875,000 shares. The Selling Stockholders will receive all proceeds from this offering, while Leslie’s will not participate or receive funds. Concurrently, the company plans to repurchase 7,500,000 shares from these stockholders at the offering price. The share repurchase is dependent on the offering's closure but not vice versa.
Goldman Sachs and Morgan Stanley are the underwriters for this transaction.
Leslie's, the leading U.S. pool and spa brand, reported robust financials for fiscal 2021, achieving a 20.7% sales growth to $1,342.9 million, with comparable sales up 21.5%. The company recorded a 116.0% increase in net income to $126.6 million and 78.1% growth in diluted EPS to $0.67. For fiscal 2022, guidance forecasts a 10%-12% sales increase and an 11%-18% rise in adjusted diluted EPS. Additionally, a $300 million share repurchase program was authorized, reflecting confidence in business performance.
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