Quarterly ResultMay 13, 2026, 04:17 PM
Leslie's Q2 Sales +4.3%, Comparable Sales +6.6%; Reaffirms Guidance
AI Summary
Leslie's, Inc. announced its fiscal second quarter 2026 financial results, reporting a 4.3% increase in sales to $184.7 million and a 6.6% rise in comparable sales. The company achieved 8% customer count growth, driven by its 'Price Drop' initiative and cost optimization efforts, which also supported a gross margin expansion to 28.9%. Despite these operational improvements, the net loss increased to $52.5 million, though Adjusted EBITDA showed significant improvement. Leslie's reiterated its full-year fiscal 2026 guidance, anticipating seasonal sales and earnings in the second half.
Key Highlights
- Leslie's Q2 2026 sales increased 4.3% to $184.7 million.
- Comparable sales for Q2 2026 increased by 6.6%.
- Customer count grew by 8% year-over-year in Q2 2026.
- Gross profit for Q2 2026 increased 21.4% to $53.3 million, with gross margin at 28.9%.
- Net loss for Q2 2026 increased to $52.5 million from $51.3 million in prior year.
- Adjusted EBITDA improved to $(26.8) million in Q2 2026 from $(36.1) million in prior year.
- Inventories decreased by $72.7 million or 21.7% to $262.4 million as of April 4, 2026.
- Company reiterated full year fiscal 2026 sales guidance of $1,100 million to $1,250 million and Adjusted EBITDA of $55 million to $75 million.