Leslie's down after missing quarterly results, dour annual forecasts

Leslies

25/11/2024 22:48

** Shares of pool and spa products retailer Leslie's
 LESL.O  down about 20% at $2.81 in extended trading 
    ** Company expects annual adj. loss/shr in the range of 21
cents to 20 cents vs analysts' estimates of profit of 18 cents
per share, according to data compiled by LSEG
    ** LESL expects annual sales to be in the range of $169 mln
to $176 mln vs estimates of $1.39 bln
    ** Company posts Q4 adj. earnings per share of 2 cents,
missing estimates of 11 cents 
    ** Reports Q4 sales of $397.9 mln vs estimates of $405.2 mln
owing to softness in store traffic and larger discretionary
categories
    ** Up to last close, stock down nearly 49% YTD
    

 (Reporting by Anuja Bharat Mistry in Bengaluru)
 ((AnujaBharat.Mistry@thomsonreuters.com))