Leslie's slides after soft 2023 outlook
30/11/2022 14:08
** Leslie’s Inc LESL.O shares down ~9% at $13.75 premarket
after pool supplies retailer's forecast disappoints
** Co expects fiscal 2023 sales of $1.56-1.64 bln and adj
EPS of 78-86 cents, below Refinitiv IBES estimates of $1.66 bln
and 98 cents/sh, respectively urn:newsml:reuters.com:*:nGNX8jqr1m
** Fiscal Q4 sales rose 16% yr/yr to ~$476 mln, topping
Street view of ~$470 mln, while adj profit of 35 cents/sh beat
by 4 cents
** "Looking ahead, while we anticipate a challenging
macro-economic backdrop for Fiscal 2023, we remain focused on
delivering against our long-term objectives..." - CEO Mike Egeck
** 8 of 13 analysts rate LESL "buy" or "strong buy", 5
"hold"; median PT is $17 - Refinitiv
** Through Tues close, LESL shares have lost 36% YTD vs
Nasdaq's .IXIC ~30% decline
(Lance Tupper is a Reuters market analyst. The views expressed
are his own)
((lance.tupper@thomsonreuters.com
lance.tupper@tr.com 1-332-219-1430))