Leslie's (LESL) Q3 Sales Drop 12%
Leslie's (NASDAQ:LESL), the leading direct-to-consumer pool and spa care retailer, posted quarterly results on August 6, 2025 for its fiscal third quarter coming in well below Wall Street expectations. The company reported a sharp drop in revenue and profitability, missing analyst estimates for both GAAP revenue and non-GAAP EPS. Revenue (GAAP) reached $500.3 million against a consensus estimate of $531.18 million, while adjusted diluted earnings per share landed at $0.20 compared to the $0.26 forecast. Net income (GAAP) plummeted to $21.7 million from $60.7 million, comparing Q3 FY2025 to Q3 FY2024. The period, which marks the company’s peak season, saw a significant downturn, raising questions about the impact of weather, competition, and demand on Leslie's ongoing business transformation.
Source: Analyst estimates for the quarter provided by FactSet.
Leslie's operates a nationwide retail network focused on the maintenance, cleaning, and care products for residential and commercial pools and spas. Its business model combines more than 1,000 brick-and-mortar locations with a leading digital platform, which allows it to serve both households and professionals. Sales include proprietary products, chemicals, equipment, and repair services.
Source Fool.com
