Leslie’s, Inc. ( (LESL) ) has released its Q1 earnings. Here is a breakdown of the information Leslie’s, Inc. presented to its investors.
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Leslie’s, Inc. is the largest direct-to-customer brand in the U.S. pool and spa care industry, providing essential products and services for residential and professional customers through a wide network of physical locations and a digital platform.
In its latest financial report for the first quarter of fiscal 2025, Leslie’s, Inc. reported sales at the top end of guidance with $175 million, while navigating a typical net loss due to the seasonal nature of its business. The net loss of $45 million included transformational expenses, reflecting the company’s ongoing strategic initiatives.
Key performance metrics indicate a slight increase in sales by 0.7% compared to the previous year, while the gross profit margin decreased due to higher inventory adjustments and occupancy costs. The company experienced a net cash outflow from operating activities, attributed to strategic investments in inventory during the offseason to prepare for the upcoming pool season.
Despite the current challenges, Leslie’s, Inc. is optimistic about its future, with CEO Jason McDonell highlighting ongoing strategic initiatives aimed at improving customer centricity, convenience, and asset utilization. The company expects these efforts to bear fruit as it approaches the high-volume pool season, projecting growth in sales and profitability in the coming quarters.
