Companies /Consumer Cyclical

Leslies Inc

NASDAQ: LESL Specialty Retail
$0.53
▼ $0.04 (−6.64%) today
Markets closed · 10:07pm ET

Q3 2025 Earnings

Reported Aug 6, 2025, 4:20pm ET · SEC source
$0.20
Miss −1.96%
EPS · est. $0.20
$500.3M
Miss −0.03%
Revenue · est. $500.5M
+9.8%
Beating market
LESL vs S&P since report
6 quarters
Consecutive EPS misses

Market Reaction

% change · around the report
−16%−8%0+8%Aug 6Aug 7report 4:20pm ETearnings+0.1%−11.2%
−16%−8%0+8%Aug 6Aug 7earnings+0.1%−11.2%
LESL −11.2%S&P 500 +0.1%
−16%−8%0+8%Aug 6Aug 7report 4:20pm ETearnings+0.6%−11.2%
−16%−8%0+8%Aug 6Aug 7earnings+0.6%−11.2%
LESL −11.2%NASDAQ +0.6%
−18%−9%0+9%Aug 5Aug 14report 4:20pm ETearnings+2.0%−5.2%
−18%−9%0+9%Aug 5Aug 14earnings+2.0%−5.2%
LESL −5.2%S&P 500 +2.0%
−18%−9%0+9%Aug 5Aug 14report 4:20pm ETearnings+2.1%−5.2%
−18%−9%0+9%Aug 5Aug 14earnings+2.1%−5.2%
LESL −5.2%NASDAQ +2.1%
−17.83%
Day of report
−5.32%
Next session
+17.39%
One week
+12.67%
30 days

S&P 500 over the same 30 days: +2.86%.

Did LESL Beat Earnings? Q3 2025 Results

Leslie's delivered a disappointing fiscal third quarter, missing on both the top and bottom lines during what should have been its strongest selling period of the year. The pool products retailer posted earnings of $0.20 per share, falling short of the $0.20 consensus estimate by 1.96%, while revenue of $500.35 million came in just below the $0.50 billion consensus and represented a steep 12.2% decline from the prior year. The primary culprit was well-documented: unusually wet and cool weather across key markets compressed the peak pool season into a narrower window, amplifying the impact of softer demand and competitive pricing pressure, and shares sank roughly 25% in response. Comparable sales dropped 12.4%, gross margin contracted 60 basis points to 39.6%, and net income collapsed to $21.73 million from $60.65 million a year earlier. Looking ahead, Leslie's now expects full-year sales of $1.21 billion to $1.24 billion and an adjusted net loss of $31 million to $39 million, underscoring the urgency of its ongoing strategic and operational review.

Key Takeaways
  • Significant weather headwinds during peak selling season
  • Competitive pricing dynamics magnified in compressed demand period
  • Comparable sales decreased 12.4%
  • Reduced store traffic and softer demand
  • Gross margin declined 60 basis points to 39.6%

“As we announced last month in our preliminary financial results, our results were below expectations in the fiscal third quarter. Against a challenging backdrop in what is normally our peak selling season of the year, we faced significant headwinds from weather in addition to competitive pricing dynamics that were magnified in a compressed demand period.”

Leslie's CEO, on the earnings call

Forward Guidance & Outlook

Leslie's updated its full-year fiscal 2025 guidance: Sales of $1,210 million to $1,235 million; Net loss of $57 million to $65 million; Adjusted net loss of $31 million to $39 million; Adjusted EBITDA of $50 million to $60 million. Management expressed confidence in sufficient cash coverage for liability obligations through existing cash on hand and expected fourth-quarter cash generation from operations. The company repaid approximately $27 million on its Term Loan during the first nine months of fiscal 2025.

LESL YoY Financials

Q3 2025 vs Q3 2024 · SEC filings Q3 2024 Q3 2025
$0$200.0M$400.0M$600.0M$569.6M$500.3MRevenue$228.8M$197.9MGross Profit$97.7M$68.3MOperating Income$60.6M$21.7MNet Income
$0$200.0M$400.0M$600.0MRevenueGross ProfitOperating IncomeNet Income

Figures from SEC filings and company reports. Not investment advice.