LESLIE’S Reports Record Quarterly Revenue and Net Income for Q2 2023
August 27, 2023
🌥️Earnings Overview
As of August 2 2023, Leslie’s ($NASDAQ:LESL) reported total revenue of USD 610.9 million and net income of USD 72.6 million for the quarter ending June 30 2023. These figures signify a 9.3% and 41.0% decrease respectively when compared to the same quarter last year.
Price History
On Wednesday, LESLIE’S stock opened the trading day at $6.4 and closed at $6.5, up by 1.4% from its previous closing price of $6.4. This significant increase in stock price was due to the company’s recent announcement that it achieved record quarterly revenue and net income during the second quarter of 2023. These impressive results demonstrate the continued success of the company’s growth strategies and its ability to outperform its competitors in the market.
The news of LESLIE’S record quarterly revenue and net income is sure to be a welcome sight for investors, as it demonstrates the company’s strong financial standing. With such positive financial results, the stock price is likely to remain high, providing investors with an attractive opportunity for investment. 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
GoodWhale has taken a close look at Leslie’s fundamentals to determine the company’s financial health. Our Star Chart analysis reveals that Leslie’s has a high health score of 8/10, indicating that it is capable of paying off debt and funding future operations. Based on the analysis, we classify Leslie’s as a “rhino” type company, which means it has achieved moderate revenue or earnings growth. Investors that are attracted to companies with moderate growth and strong profitability are likely to be interested in Leslie’s. Although Leslie’s is relatively weak in terms of asset and dividend, its high health score is certainly a plus for potential investors. 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 has reported a quarter-over-quarter decrease in both total revenue and net income for the quarter ending June 30 2023. Total revenue was USD 610.9 million, down 9.3% from the prior year, and net income was USD 72.6 million, down 41.0%. This suggests that investors should be cautious when considering investing in LESLIE’S, since the company appears to be facing a challenging financial situation. Analysts should further analyze the company’s financials and explore potential opportunities for growth to make an informed decision regarding investment.
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