Leslie’s reports Q2 adjusted EPS ($5.36), consensus ($4.41)

Reports Q2 revenue $184.74M, consensus $162.47M. “Our comprehensive transformation plan delivered measurable results in the second quarter as we position Leslie’s (LESL) for sustainable profitable growth. Second quarter performance demonstrated the effectiveness of our strategic initiatives, with revenue growth of 4.3%, comparable sales increase of 6.6% and total customer count growth of 8% year-over-year. The early success of our ‘Price Drop’ initiative, launched in March, drove strong transaction growth and customer engagement in the quarter. Importantly, we have funded our price investments through controlled spending and successful cost optimization efforts supporting gross margin expansion in the quarter,” said Jason McDonell, CEO.