Leslie’s, Inc. Reports Q2 2025 Results Amid Challenges

Leslie’s, Inc. ( (LESL) ) has released its Q2 earnings. Here is a breakdown of the information Leslie’s, Inc. presented to its investors.

Leslie’s, Inc., a leading direct-to-customer brand in the U.S. pool and spa care industry, provides essential products and services for residential and professional consumers nationwide through its extensive network of physical locations and digital platform.

Leslie’s, Inc. recently announced its financial results for the second quarter of fiscal 2025, highlighting a challenging period impacted by weather trends, yet maintaining its full-year guidance. The company continues to focus on strategic initiatives aimed at sustainable growth and customer-centric operations.

The company’s second-quarter sales were reported at $177.1 million, marking a 6.1% decrease from the previous year. Gross profit also saw a decline of 19.1%, with a gross margin of 24.8%. Operating loss widened to $48.4 million, and the net loss increased to $51.3 million. Despite these setbacks, Leslie’s managed to increase its cash and cash equivalents to $17.3 million and reduce inventories by 11.6%.

Leslie’s remains committed to its strategic themes of customer centricity, convenience, and asset utilization. The company has made critical leadership changes and is focused on maximizing cash flow and reducing leverage. For the full fiscal year 2025, Leslie’s projects sales between $1,304 million and $1,370 million, with adjusted EBITDA expected to range from $96 million to $116 million.

Looking ahead, Leslie’s management is optimistic about driving long-term value for stakeholders, despite acknowledging the significant work required to achieve its strategic goals. The company is determined to navigate the challenges and capitalize on growth opportunities within the pool and spa care industry.