Successful CFO Transition
Jeff White joined Leslie's as the new Chief Financial Officer and Treasurer, bringing financial and operational retail expertise.
Improved Gross Margin
Gross margin for the fourth quarter increased to 38.6% from 36% in the prior year, driven by favorable vendor rebates and freight costs.
Inventory Optimization
Inventory was reduced by $26 million year-over-year, exceeding the Q3 commitment of $20 million, while improving in-stock levels by over 400 basis points.
Conversion Rate Improvement
Conversion rates after water tests increased by 500 basis points year-over-year, reinforcing customer trust in technical expertise.
Expansion of Same-Day Delivery
Leslie's accelerated its omnichannel transformation by expanding same-day delivery through its Uber partnership, with plans to scale across the United States.