<span item_type="fundamental" item_id="5ebea51396eca5da0d71a32f244f8c30" counter_id="ST/US/LESL" env="prod"></span><span item_type="announcement" item_id="546909003889643905" env="prod"></span><p>Revenue: As of FY2025 Q3, the actual value is USD 500.35 M, missing the estimate of USD 500.5 M.</p><p>EPS: As of FY2025 Q3, the actual value is USD 0.12.</p><p></p><h3>Segment Revenue</h3><ul><li>Sales for the three months ended June 28, 2025 were $500.3 million, a decrease of $69.3 million or 12.2% compared to the prior year period.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1821806/000095017025105058/lesl-20250628.htm"></span></li><li>Sales for the nine months ended June 28, 2025 were $852.7 million, a decrease of $79.6 million or 8.5% compared to the prior year period.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1821806/000095017025105058/lesl-20250628.htm"></span></li></ul><h3>Operational Metrics</h3><ul><li>Gross profit for the three months ended June 28, 2025 was $197.9 million, a decrease of $31.0 million or 13.5% compared to the prior year period.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1821806/000095017025105058/lesl-20250628.htm"></span></li><li>Gross margin for the three months ended June 28, 2025 decreased to 39.6% from 40.2% in the prior year period.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1821806/000095017025105058/lesl-20250628.htm"></span></li><li>Operating income for the three months ended June 28, 2025 was $68.3 million, a decrease from $97.7 million in the prior year period.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1821806/000095017025105058/lesl-20250628.htm"></span></li><li>Net income for the three months ended June 28, 2025 was $21.7 million, a decrease from $60.7 million in the prior year period.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1821806/000095017025105058/lesl-20250628.htm"></span></li></ul><h3>Cash Flow</h3><ul><li>Net cash used in operating activities for the nine months ended June 28, 2025 was - $39.4 million compared to net cash provided by operating activities of $60.4 million in the prior year period.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1821806/000095017025105058/lesl-20250628.htm"></span></li><li>Net cash used in investing activities for the nine months ended June 28, 2025 was - $18.9 million compared to - $34.2 million in the prior year period.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1821806/000095017025105058/lesl-20250628.htm"></span></li><li>Net cash used in financing activities for the nine months ended June 28, 2025 was - $7.5 million compared to - $7.1 million in the prior year period.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1821806/000095017025105058/lesl-20250628.htm"></span></li></ul><h3>Unique Metrics</h3><ul><li>Adjusted EBITDA for the three months ended June 28, 2025 was $81.6 million, a decrease from $109.5 million in the prior year period.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1821806/000095017025105058/lesl-20250628.htm"></span></li><li>Adjusted net income for the three months ended June 28, 2025 was $37.9 million, a decrease from $63.3 million in the prior year period.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1821806/000095017025105058/lesl-20250628.htm"></span></li></ul><h3>Future Outlook and Strategy</h3><ul><li>The company is focused on enhancing the execution of existing inventory controls and vendor rebate controls, including hiring personnel with requisite accounting and internal controls knowledge.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1821806/000095017025105058/lesl-20250628.htm"></span></li><li>The company anticipates completing remediation activities related to internal control weaknesses during fiscal year 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1821806/000095017025105058/lesl-20250628.htm"></span></li></ul>

Leslies | 10-Q: FY2025 Q3 Revenue Misses Estimate at USD 500.35 M