Q2 25 EPS
$-0.25
MISS 4.17%
Est. $-0.24
Q2 25 Revenue
$177.1M
MISS 4.25%
Est. $185.0M
vs S&P Since Q2 25
-65.9%
TRAILING MARKET
LESL -35.9% vs S&P +29.9%
Market Reaction
Did LESL Beat Earnings? Q2 2025 Results
Leslie's delivered a disappointing fiscal second quarter, missing on both the top and bottom lines as adverse weather weighed heavily on the pool and spa retailer's peak selling season. Revenue fell 6.1% year-over-year to $177.13 million, coming in b… Read more Leslie's delivered a disappointing fiscal second quarter, missing on both the top and bottom lines as adverse weather weighed heavily on the pool and spa retailer's peak selling season. Revenue fell 6.1% year-over-year to $177.13 million, coming in below the $185.00 million consensus by 4.25%, while the adjusted loss per diluted share of $0.25 edged past the $0.24 estimate analysts had penciled in. The primary culprit was a 6.7% comparable sales decline driven by weather-related traffic softness, which also squeezed gross margin by 400 basis points to 24.8% and pushed adjusted EBITDA to negative $36.06 million from negative $19.28 million a year ago. Management noted that despite the revenue shortfall, adjusted EBITDA landed in line with internal targets owing to swift cost actions. On the offensive side, Leslie's recently relaunched its Pool Perks Rewards Program with new tiered benefits, underscoring a broader customer-centricity push under CEO Jason McDonell. The company reaffirmed its full-year fiscal 2025 guidance, projecting sales of $1.30 billion to $1.37 billion and adjusted EBITDA of $96.00 million to $116.00 million, signaling confidence in a seasonal second-half recovery.
Key Takeaways
- • Adverse weather trends impacted customer traffic resulting in softer top-line performance
- • Comparable sales decreased 6.7%
- • Gross margin compression of 400 basis points year-over-year to 24.8%
- • Non-comparable sales from new stores contributed $0.9 million
- • Inventory reduced 11.6% year-over-year to $335.1 million
- • Interest expense decreased to $15.9 million from $18.2 million in prior year
LESL YoY Financials
Q2 2025 vs Q2 2024, source: SEC Filings
“I am proud of our team's dedication, resiliency and customer first mindset as we move forward in our transformation journey. Our team remains focused on the fundamentals of our business to deliver progress against our strategic initiatives.”
— Jason McDonell, Q2 2025 Earnings Press Release
LESL Earnings Trends
LESL vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
LESL EPS Trend
Earnings per share: estimate vs actual
LESL Revenue Trend
Quarterly revenue: estimate vs actual
LESL Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q2 26 MISS | $-4.41 | $-5.36 | -21.45% | $184.7M | +13.71% |
| Q1 26 MISS | $-4.24 | $-5.24 | -23.68% | $147.1M | -9.43% |
| Q4 25 MISS FY | $1.31 | $0.09 | -93.14% | $389.2M | +4.70% |
| FY Full Year | $-4.35 | $-4.70 | -7.98% | $1.24B | +1.45% |
| Q3 25 MISS | $0.20 | $0.20 | -1.96% | $500.3M | -0.03% |
| Q2 25 MISS | $-0.24 | $-0.25 | -4.17% | $177.1M | -4.25% |