Leslie’s Intrinsic Value Calculator – LESLIE’S Reports Decrease in Revenue for Q2 2023 with USD 610.9 Million
August 22, 2023
🌥️Earnings Overview
LESLIE’S ($NASDAQ:LESL): On August 2 2023, Leslie reported its financial results for the quarter ending June 30 2023, showing total revenue of USD 610.9 million, a year-over-year decline of 9.3%. Net income was USD 72.6 million, representing a decrease of 41.0% compared to the corresponding period in the prior year.
Price History
On Wednesday, LESLIE’S reported a decrease in revenue for the second quarter of 2023, amounting to USD 610.9 million. The stock opened at $6.4 and closed at $6.5, giving it a 1.4% increase from its prior closing price of 6.4. Despite this minor rise, the company’s overall stock value has seen a steep decline since the beginning of the year due to various economic and financial uncertainties. It remains to be seen how LESLIE’S will approach the challenge posed by this decrease in revenue, and investors will be closely watching how the company will be able to address this issue.
Will it be able to keep up with the competition, or will it be left behind? This is yet to be determined, but with the current outlook being what it is, investors are on edge. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Leslie’s. More…
| Total Revenues | Net Income | Net Margin |
| 1.49k | 68.69 | 4.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Leslie’s. More…
| Operations | Investing | Financing |
| -80.83 | -113.7 | 20.82 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Leslie’s. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.14k | 1.32k | -0.98 |
Key Ratios Snapshot
Some of the financial key ratios for Leslie’s are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 13.2% | 2.2% | 9.8% |
| FCF Margin | ROE | ROA |
| -7.6% | -42.2% | 8.1% |
Analysis – Leslie’s Intrinsic Value Calculator
At GoodWhale, we have been examining the financials of LESLIE’S and conducting our own analysis. Our proprietary Valuation Line has calculated that the fair value of LESLIE’S share is around $20.3. At the current price, the stock is undervalued by 67.9%. This presents an opportunity for investors looking to make an investment in the company. We believe that LESLIE’S shares have the potential to gain a substantial amount of value over time. We recommend investors take a closer look at the company before making a decision to buy or sell its shares. More…
Peers
Leslie’s is the world’s largest retailer of swimming pool supplies. Headquartered in Phoenix, Arizona, the company operates over 900 retail stores in the United States and Canada. Leslie’s also operates an e-commerce website and direct mail catalog business. The company was founded in 1963 by brothers John and Bill Leslie. Pool Corp is the world’s largest wholesale distributor of swimming pool supplies and equipment. Headquartered in Covington, Louisiana, the company operates over 360 distribution centers in North America, Europe, South America, and Australia. Pool Corp was founded in 1993. Tandem Group PLC is a leading designer, manufacturer, and distributor of swimming pool and spa products. Headquartered in the United Kingdom, the company operates in over 30 countries worldwide. Tandem Group PLC was founded in 1981. Real American Capital Corp is a leading provider of financing solutions for the swimming pool and spa industry. Headquartered in Boca Raton, Florida, the company operates in the United States, Canada, and Europe. Real American Capital Corp was founded in 2008.
– Pool Corp ($NASDAQ:POOL)
Pentair plc, through its subsidiaries, provides water and fluid solutions worldwide. The company operates in two segments, Industrial and Residential & Commercial. The Industrial segment offers a range of products and services that meet the needs of customers in the water and fluid solutions industry, including filtration, separation, fluid control, fluid movement, fluid management, and heat transfer. The Residential & Commercial segment provides products and services that meet the needs of customers in the residential and commercial water markets. Pentair plc was founded in 1966 and is headquartered in London, the United Kingdom.
– Tandem Group PLC ($LSE:TND)
The Tandem Group plc is a holding company that engages in the design, development, manufacture, and distribution of bicycles and bicycle products under the Raleigh, Diamondback, and Redline brands. The company operates through two segments, Bicycles and Accessories, and Pools. The Bicycles and Accessories segment offers bicycles, bicycle parts, and bicycle accessories. The Pools segment provides above-ground and in-ground swimming pools, related equipment, and chemicals. The company was founded in 1887 and is headquartered in Kent, the United Kingdom.
Summary
LESLIE’S reported its financial results for the quarter ending June 30 2023 on August 2 2023. Total revenue was reported to be USD 610.9 million, which is a 9.3% decrease compared to last year’s figures. Net income decreased by 41.0%, amounting to USD 72.6 million.
Investors may be concerned about the decrease in revenue and profits, but should also note that LESLIE’S remains in a strong financial position overall. The company could be a potential long-term investment opportunity, offering potential returns if the company can continue its fiscal discipline and business strategy.
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