Leslie's Shares Fall 27% After Release of Estimated 3Q Results

Dow Jones
07/29
 

By Stephen Nakrosis

 

Shares of pool and spa care company Leslie's were falling in the after-hours market following the release of preliminary third-quarter financial results.

In Monday's late trading session, the stock was 27% lower, at 46 cents per share. Volume in the after-hours market topped 1 million shares. During the day's regular trading session, the stock gained 8.1% and closed at 64 cents.

The company said it was expecting third-quarter sales of about $500 million, down 12% from the year-ago period. Leslie's also said it was expecting third-quarter earnings per share in a range of 11 cents to 12 cents, and adjusted EPS between 19 cents and 21 cents.

Leslie's also withdrew its previously announced fiscal year 2025 guidance.

Jason McDonell, Leslie's chief executive, said unseasonable weather in certain geographies disrupted peak pool season, and impacted traffic as many customers delayed pool openings. He also said the company has identified additional opportunities which will be discussed on Leslie's upcoming conference call.

 

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

 

(END) Dow Jones Newswires

July 28, 2025 18:44 ET (22:44 GMT)

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