Leslie's, Inc. has recently released its 10-K report, providing a detailed look at the company's financial performance and operations. The report highlights Leslie's as a direct-to-consumer pool and spa care brand in the United States, offering a wide range of pool and spa supplies, maintenance items, installation, and repair services. The company operates through over 1,000 branded locations and a robust digital platform, serving residential, professional, and commercial consumers. Leslie's emphasizes its position as the largest and most trusted brand in the $15 billion U.S. pool and spa care industry, with a focus on non-discretionary products essential for pool and spa maintenance.
In the 10-K report, Leslie's discusses the key factors and measures used to evaluate its business. The company considers various financial and operating measures, including sales, gross profit and gross margin, selling, general, and administrative expenses (SG&A), operating income, comparable sales, comparable sales growth, Adjusted EBITDA, Adjusted net income, and Adjusted diluted earnings per share.
Leslie's reports that it operated over 1,000 locations in 39 states across the United States as of September 28, 2024. The company owned 27 locations and leased the remainder, with initial lease terms typically lasting five years with options to renew for multiple successive five-year periods. The company evaluates new opportunities in new and existing markets based on the number of pools and spas in the market, competition, existing locations, real estate availability and cost, and distribution and operating costs. Leslie's also reviews the performance of its locations regularly and strategically closes locations to improve profitability.
The 10-K report highlights the financial performance of Leslie's, including sales, gross profit, gross margin, SG&A expenses, operating income, Adjusted EBITDA, Adjusted net income, and Adjusted diluted earnings per share. The report also discusses factors affecting the comparability of the company's results of operations, including weather, seasonality, product mix and availability, promotional and competitive activities, consumer spending habits, inflation, and interest rates.
Today the company's shares have moved 1.2% to a price of $2.48. For the full picture, make sure to review Leslie's's 10-K report.
