Leslies Q1 Adj EPS $(0.20) Beats $(0.21) Estimate, Sales $173.96M Beat $169.61M Estimate
Portfolio Pulse from totan@benzinga.com
Leslies (NASDAQ:LESL) reported Q1 adjusted EPS of $(0.20), surpassing the $(0.21) estimate, with sales of $173.96M exceeding the $169.61M forecast. However, this represents a 42.86% decrease in EPS and a 10.84% decrease in sales from the previous year.
February 01, 2024 | 9:09 pm
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Leslies reported a better-than-expected Q1 adjusted EPS and sales, but both metrics showed significant declines from the previous year.
While Leslies exceeded analyst expectations for both EPS and sales, the significant year-over-year declines in these metrics could temper investor enthusiasm. The positive surprise in earnings and sales might provide some short-term support to the stock price, but the underlying declines highlight challenges that could limit upside potential.
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IMPORTANCE 75
RELEVANCE 100