Leslie's sinks on downbeat 2023 outlook

Leslies

30/11/2022 14:11

** Shares of pool supplies retailer Leslie's Inc  LESL.O 
down ~7% at $14 before the bell 
    ** LESL forecasts 2023 sales and profit below Street
estimates amid a weakening economic backdrop
    ** Expects fiscal 2023 sales of $1.56 bln to $1.64 bln and
adjusted earnings between 78 cents and 86 cents per share
    ** Analysts on average expect FY EPS of 98 cents on sales of
$1.66 bln, according to Refinitiv IBES
    ** LESL, however, beats estimates for Q4 results
    ** Up to Tuesday's close, LESL shares have shed ~36% this
year
 (Reporting by Deborah Sophia in Bengaluru)
 ((DeborahMary.Sophia@thomsonreuters.com))