Leslie's Says Q3 Results Impacted By Unfavorable April And May Weather Resulting In Delayed Start To Pool Season
Portfolio Pulse from Benzinga Newsdesk
Leslie's Inc. reported that its Q3 results were impacted by unfavorable weather in April and May, which delayed the start of the pool season. The company expects preliminary sales of approximately $570 million, gross profit of $228 to $229 million, and a gross margin of around 40%. Net income is projected to be $56 to $58 million, with adjusted EBITDA of $108 to $109 million, adjusted net income of $59 to $60 million, and adjusted diluted earnings per share of $0.32 to $0.33.
July 17, 2024 | 8:08 pm
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Leslie's Inc. reported that its Q3 results were negatively impacted by unfavorable weather in April and May, delaying the start of the pool season. The company expects preliminary sales of approximately $570 million, gross profit of $228 to $229 million, and a gross margin of around 40%. Net income is projected to be $56 to $58 million, with adjusted EBITDA of $108 to $109 million, adjusted net income of $59 to $60 million, and adjusted diluted earnings per share of $0.32 to $0.33.
The unfavorable weather conditions in April and May delayed the start of the pool season, negatively impacting Leslie's Q3 results. This is likely to result in a short-term negative impact on the stock price as the market reacts to the lower-than-expected performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100