Leslie’s, Inc. (NASDAQ: LESL) Earnings Miss Amidst…

From Financial Modeling Prep: 2024-11-26 03:00:04

Leslie’s, Inc. (NASDAQ:LESL) reported an earnings per share (EPS) of -$0.05, missing the estimated EPS of $0.11, showing a significant downturn in performance. However, the company generated a revenue of approximately $397.9 million, surpassing the estimated $178.6 million, but still facing challenges in growth.

Leslie’s, Inc. (NASDAQ:LESL) is a key player in the U.S. pool and spa care industry, offering products and services to pool owners and professionals. Despite competition in the Zacks Consumer Products – Staples industry, LESL maintains a strong market presence. On November 25, 2024, LESL reported an EPS of -$0.05, missing the estimated EPS of $0.11 by 81.82%.

Despite the earnings miss, Leslie’s, Inc. (NASDAQ:LESL) generated a revenue of approximately $397.9 million, surpassing the estimated $178.6 million. However, this figure was still 1.81% below the Zacks Consensus Estimate. Compared to the previous year, revenue decreased, indicating challenges in growth.

Leslie’s, Inc. (NASDAQ:LESL) faces financial challenges with a negative price-to-earnings (P/E) ratio of -27.76, reflecting ongoing losses. The company’s price-to-sales ratio of 0.49 suggests undervaluation relative to sales per share. Additionally, the enterprise value to sales ratio is 0.62, indicating total valuation relative to sales.

Despite financial struggles, Leslie’s, Inc. (NASDAQ:LESL) maintains a stable liquidity position with a current ratio of 1.71, ensuring coverage of short-term obligations. However, the debt-to-equity ratio of -1.58 indicates more liabilities than equity, presenting financial hurdles. CEO Jason McDonell highlighted strong performance in the Pro segment, despite soft store traffic and larger-ticket categories.



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