The earnings call highlighted a strong strategic focus on customer centricity, convenience, and asset utilization aimed at improving financial performance. However, significant challenges remain with a notable decline in overall sales and profitability, as well as pressures on gross margin due to economic conditions and operational inefficiencies.
Company Guidance
During Leslie's Q4 2024 earnings call, the company provided guidance focused on several strategic themes, including customer centricity, convenience, and asset utilization. For Q4, sales were reported at $398 million, a decrease of 8% year-over-year, while annual sales for fiscal 2024 were $1.33 billion, also down 8%. Adjusted earnings per share for the quarter were $0.02, with an annual loss of $0.01. Adjusted EBITDA was $43 million for the quarter and $109 million for the year. The company aims to pay down approximately $25 million of debt in the current quarter as part of their capital allocation strategy. Looking ahead, Leslie's expects Q1 2025 sales to range from $169 million to $176 million, with adjusted EBITDA projected between negative $29 million to negative $27 million. The company's strategic initiatives are designed to drive long-term growth and improve asset utilization, though specific long-term guidance was not provided.
Focus on Strategic Themes
Introduction of three strategic themes: customer centricity, convenience, and asset utilization, aimed at driving long-term profitable growth and shareholder value.
Debt Reduction
Commitment to reducing debt with a plan to pay down approximately $25 million in the current quarter.
PRO Consumer Group Resilience
PRO pool consumer group showed relative strength with only a 1% decline, outperforming the total company's sales decline of 8%.
Improvement in Inventory Management
Inventory reduced by $78 million or 25% compared to the prior year, with strong in-stock position and service metrics.
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Leslie's (LESL) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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LESL Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Nov 25, 2024
$3.51
$2.45
-30.20%
Aug 07, 2024
$2.76
$3.16
+14.49%
May 08, 2024
$4.69
$5.19
+10.66%
Feb 01, 2024
$6.83
$7.00
+2.49%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Leslie's (LESL) report earnings?
Leslie's (LESL) is schdueled to report earning on Jan 30, 2025, TBA Not Confirmed.
What is Leslie's (LESL) earnings time?
Leslie's (LESL) earnings time is at Jan 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
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