Leslie's Q2 sales beat estimates

Leslies

13/05/2026 21:24

Overview

U.S. pool and spa care retailer's fiscal Q2 sales rose 4.3%, beating analyst expectations

Adjusted EPS for fiscal Q2 missed analyst expectations

Company reiterated full-year guidance, citing seasonal sales concentration and store closures

Outlook

Leslie's reiterates full-year sales guidance of $1.1 bln to $1.25 bln

Company expects full-year adjusted EBITDA of $55 mln to $75 mln

Company anticipates majority of sales and earnings in second half due to seasonality

Result Drivers

PRICE DROP INITIATIVE - Leslie's said its 'Price Drop' initiative, launched in March, drove strong transaction growth and customer engagement in Q2

CUSTOMER GROWTH - Company said it achieved 8% customer count growth year-over-year, driven by re-activating lapsed customers and attracting new customers through targeted marketing and in-store approach

COST OPTIMIZATION - Gross margin expansion was supported by controlled spending and successful cost optimization efforts, according to CEO Jason McDonell

Company press release: ID:nGNX315j8R

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
Beat
$184.7 mln
$162.19 mln (4 Analysts)
Q2 Adjusted EPS
Miss
-$5.36
-$4.51 (4 Analysts)
Q2 EPS
-$5.63
Q2 Net Income
-$52.5 mln
Q2 Adjusted EBITDA
Beat
-$26.8 mln
-$32.43 mln (4 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the miscellaneous specialty retailers peer group is "buy."

Wall Street's median 12-month price target for Leslie's Inc is $2.00, about 32.5% above its May 12 closing price of $1.51

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)