Leslie’s, Inc. Reports Fiscal 2024 Financial Results

Leslie’s, Inc. ( (LESL) ) has released its Q4 earnings. Here is a breakdown of the information Leslie’s, Inc. presented to its investors.

Leslie’s, Inc., established in 1963, is a leading direct-to-consumer brand in the U.S. pool and spa care industry, offering a wide range of essential products for residential and professional consumers through over 1,000 physical locations and a comprehensive digital platform. In its latest earnings report for the fourth quarter and fiscal 2024, Leslie’s, Inc. reported total sales of $397.9 million for the quarter and $1,330.1 million for the fiscal year, reflecting a decline from the previous year’s figures. The company experienced a net loss of $9.9 million in the fourth quarter and $23.4 million for the full year, with adjusted EBITDA standing at $43.0 million for the quarter and $108.7 million for the year, indicating challenges in sales volume and profitability. Key financial highlights include a decrease in sales by 8.3% year-over-year, with comparable sales down by 8.8%, and a reduction in inventories by 24.9%. Despite these challenges, cash provided by operating activities significantly increased to $107.5 million from $6.5 million the previous year. Looking ahead, Leslie’s management remains optimistic about the future, focusing on customer-centric strategies and long-term profitable growth initiatives, aiming to leverage their strong market position and trusted brand legacy to navigate the dynamic environment of the pool industry.