Leslie's Inc. is a leading retailer and distributor of pool and spa-related products and services in the United States
The company specializes in providing a wide range of offerings, including chemicals, equipment, accessories, and maintenance services designed to enhance the enjoyment and upkeep of pools and spas. With a strong focus on customer satisfaction, Leslie's Inc. operates a vast network of retail stores and a robust e-commerce platform, catering to both residential and commercial clients. The company is committed to delivering expert advice and high-quality products, fostering a pleasant and safe swimming experience for its customers.
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Shares of pool products retailer Leslie’s (NASDAQLESL) fell 33% in the afternoon session after the company reported weak third-quarter results. All key metrics, along with its outlook, missed Wall Street's estimates. The company observed "softness in store traffic and larger-ticket and discretionary categories." and the weakness also reflected in profits. Overall, this was a challenging quarter.
Pool products retailer Leslie’s (NASDAQLESL) fell short of the market’s revenue expectations in Q3 CY2024, with sales falling 8% year on year to $397.9 million. Next quarter’s revenue guidance of $172.5 million underwhelmed, coming in 3.4% below analysts’ estimates. Its non-GAAP profit of $0.02 per share was 82.1% below analysts’ consensus estimates.
Leslie's shares are falling after the company reported its fourth-quarter results after Monday's closing bell. Here's a look at the details from the report.
