Filing Flows › Leslie's (LESL) › Q2 FY25
Leslie's (LESL) Q2 FY25 earnings results (second quarter fiscal 2025)
10-Q filed May 8, 2025
Leslie's (LESL) reported revenue of $177M for the second quarter fiscal 2025 (Q2 FY25), -6% from a year earlier and +1% from the quarter before. Operating margin was -27.3%, net loss $51.3M (29.0% of revenue).
Leslie's, Q2 FY25: revenue $177M (-6% year over year), operating margin -27.3%, net loss $51.3M, operating cash flow −$49.2M. The chart follows the revenue to costs, profit and cash.
| Q2 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $177M | +1% | -6% |
| Operating profit | −$48.4M | -283% | — |
| Net earnings | −$51.3M | — | — |
| Operating cash flow | −$49.2M | -205% | — |
What changed
Revenue was $177.1M in Q2 FY25, down 6% year over year and up 1% from the previous quarter.
Gross margin was 24.8%, down 4.0 points from a year earlier. Operating costs exceeded revenue by $48.4M, an operating margin of -27.3%. Operating expenses grew 9% against a revenue fall of 6%. The quarter ended with a net loss of $51.3M, wider than the previous quarter's $44.6M loss.
Operating cash flow was −$49.2M. Non-cash charges added back $8.3M of depreciation and amortization and $1.9M of share-based compensation. Working capital and other items used $8.1M. Capital expenditures of $6.5M exceeded it, leaving free cash flow of −$55.8M.
Questions
What was Leslie's revenue in the second quarter fiscal 2025?
Leslie's (LESL) reported revenue of $177M for the second quarter fiscal 2025 (Q2 FY25), -6% from a year earlier and +1% from the quarter before.
Was Leslie's profitable in the second quarter fiscal 2025?
Operating loss was $48.4M (-27.3% of revenue) and net loss $51.3M.
Source: Leslie's 10-Q on SEC EDGAR.