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Leslie's, Inc. (DE:LE3)
:LE3
Earnings Data
Report Date
Jul 30, 2025TBA Not Confirmed
Period Ending
2025 (Q3)Consensus EPS Forecast
0.32Last Year’s EPS
0.31Same Quarter Last Year
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 08, 2025
|% Change Since: 17.24%
|Next Earnings Date:Jul 30, 2025
Earnings Call Sentiment|Neutral
The earnings call highlights several strategic initiatives showing promise, such as improved conversion rates and operational efficiencies. However, the company faces challenges with declining sales and increased costs, resulting in a mixed performance overall.Company Guidance
During the fiscal second quarter of 2025 earnings call for Leslie's, Inc., the company provided guidance on several key metrics. Sales were reported at $177.1 million, showing a decline from $188.7 million in the previous year, primarily due to weaker foot traffic affected by colder temperatures. Pro Pool sales outpaced total company sales, with a year-over-year decline of just 2%, while residential pool sales decreased by 9% and hot tub sales increased by 4%. Despite the sales drop, conversion rates improved by 174 basis points, with a significant 450 basis point increase after water tests using the AccuBlue technology. The company achieved a more than 99% in-stock level for its "never out" SKUs, improving inventory turns by 8% year over year, and reduced inventory by 12% compared to the prior year. Adjusted EBITDA was reported at a loss of $36 million, aligning with expectations, even with the top-line softness. Leslie's reaffirmed its commitment to reducing debt, with borrowings on the secured term loan reduced by $27 million and plans to repay $101.5 million on the revolving credit facility by the third quarter. The company also introduced initiatives such as improved inventory management, enhancements to its loyalty program, and a partnership with Uber for same-day delivery, underpinning its focus on customer centricity, convenience, and asset utilization.Pro Pool Sales Improvement
Pro Pool sales showed a 700 basis point improvement from the previous year's 9% decline, indicating progress in this segment.
Enhanced Conversion Rate
Overall conversion rate improved by 174 basis points, with a notable increase of over 450 basis points after a water test using AccuBlue technology.
Operational Success of Local Fulfillment Centers
All 26 Local Fulfillment Centers were completed on time and under budget, supporting inventory optimization with more than 99% in-stock levels for critical SKUs.
Significant Inventory Reduction
Inventory reduced by 12% year-over-year, with inventory turns improving by 8%.
Launch of Enhanced Loyalty Program
The new Pool Perks loyalty program was launched with tiered benefits, aiming to increase customer retention and spend.
Same-Day Delivery Initiative
A partnership with Uber was announced for same-day delivery services, enhancing convenience for customers.
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DE:LE3 Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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DE:LE3 Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 08, 2025 | €0.58 | €0.49 | -14.83% |
Feb 06, 2025 | €1.96 | €1.77 | -9.69% |
Nov 25, 2024 | €2.94 | €2.56 | -12.93% |
Aug 07, 2024 | €2.74 | €2.78 | +1.46% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Leslie's, Inc. (DE:LE3) report earnings?
Leslie's, Inc. (DE:LE3) is schdueled to report earning on Jul 30, 2025, TBA Not Confirmed.
What is Leslie's, Inc. (DE:LE3) earnings time?
Leslie's, Inc. (DE:LE3) earnings time is at Jul 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Leslie's, Inc. stock?
The P/E ratio of Leslie's is N/A.
What is DE:LE3 EPS forecast?
DE:LE3 EPS forecast for the fiscal quarter 2025 (Q3) is 0.32.
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