Overview
U.S. pool care brand's fiscal Q1 sales fell 16%, missing analyst expectations
Adjusted EPS for fiscal Q1 missed analyst expectations
Company closed 80 underperforming stores, incurring significant non-cash impairment charges
Outlook
Leslie's reiterates full-year fiscal 2026 sales guidance of $1,100 mln to $1,250 mln
Company expects full-year adjusted EBITDA between $55 mln and $75 mln
Leslie's anticipates capital expenditures of $20 mln to $25 mln for fiscal 2026
Result Drivers
STORE CLOSURES - Closure of 80 underperforming stores and one distribution center led to significant non-cash impairment charges
INVENTORY EFFICIENCY - Improved inventory efficiency with a 23% reduction year-over-year
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q1 Sales | Miss | $147.10 mln | $158.48 mln (4 Analysts) |
Q1 Adjusted EPS | Miss | -$5.24 | -$4.27 (5 Analysts) |
Q1 EPS | -$8.92 | ||
Q1 Adjusted Net Income | Miss | -$48.70 mln | -$39.90 mln (3 Analysts) |
Q1 Net Income | -$83 mln | ||
Q1 Adjusted EBITDA | Miss | -$40.30 mln | -$29.40 mln (4 Analysts) |
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 4 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the miscellaneous specialty retailers peer group is "buy."
Wall Street's median 12-month price target for Leslie's Inc is $3.38, about 201.3% above its February 13 closing price of $1.12
Press Release: ID:nGNXKjtzs
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)