Leslie’s reports Q4 EPS 2c, consensus 11c

Reports Q4 revenue $397.9M, consensus $405.18M…Adjusted EBITDA of $43.0 million in the fourth quarter and $108.7 million in fiscal 2024… Jason McDonell, Chief Executive Officer, said, “Our fourth quarter results were in line with our revised expectations on the top-line, and we saw strong performance in our Pro segment with some continued softness in store traffic and larger-ticket and discretionary categories. Profitability was affected by deleverage from the sales decline and a one-time contract item, though we have remained disciplined on SG&A expenses.” McDonell added, “While we continue to operate in a dynamic environment, which has been felt acutely across the pool industry for the last two years, I see a bright future and compelling opportunities for Leslie’s (LESL). Since joining Leslie’s in September, I’ve been in the market talking with customers, vendors, and associates and it’s clear that Leslie’s is a trusted brand with a rich legacy and a strong market leadership position. I see meaningful opportunities to enhance these attributes and build on our competitive advantages by putting the customer at the center of everything we do. With the customer as our north star, we are developing and beginning to execute on the strategy and initiatives to drive long-term profitable growth. I look forward to detailing our strategic roadmap in the coming quarters and thank all of our stakeholders for their support as we build a stronger future together.”