Leslie’s reports Q4 adjusted EPS 14c, consensus 18c

Reports Q4 revenue $432.37M, consensus $419.39M. Comparable sales decreased 11% compared to the prior year period. Mike Egeck, CEO said, “Following three years of unprecedented growth, the pool industry and Leslie’s faced multiple transitory headwinds in 2023 that impacted our financial results through the fiscal fourth quarter. Despite these impacts, we continued to deliver exceptional service to our customers. In 2023, brand awareness, in stock service levels and corresponding net promoter scores were at all-time highs. In addition, our Pool Perks(R) loyalty program grew, customer lifetime value increased and we continued to gain market share, all of which are a testament to the focus and execution of our team members.”