Filing Flows › Leslie's (LESL) › Q4 FY24
Leslie's (LESL) Q4 FY24 earnings results (fourth quarter fiscal 2024)
10-K filed Nov 27, 2024
Leslie's (LESL) reported revenue of $398M for the fourth quarter fiscal 2024 (Q4 FY24), -8% from a year earlier and -30% from the quarter before. Operating margin was 6.6%, net loss $9.9M (2.5% of revenue).
Leslie's, Q4 FY24: revenue $398M (-8% year over year), operating margin 6.6%, net loss $9.9M, operating cash flow $47.1M. The chart follows the revenue to costs, profit and cash.
| Q4 FY24 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $398M | -30% | -8% |
| Operating profit | $26.4M | — | — |
| Net earnings | −$9.9M | — | — |
| Operating cash flow | $47.1M | -73% | -42% |
| Free cash flow | $34.1M | -79% | -51% |
What changed
Revenue was $397.9M in Q4 FY24, down 8% year over year and down 30% from the previous quarter.
Gross margin was 36.0%, down 1.0 points from a year earlier. Operating profit was $26.4M, a 6.6% margin (down 2.3 points year over year). Operating expenses fell 4% while revenue fell 8%. The quarter ended with a net loss of $9.9M, after a profit of $60.6M the previous quarter. Net interest and other expense of $17.0M was the main reason.
Operating cash flow was $47.1M (down 42% year over year). Non-cash charges added back $8.7M of depreciation and amortization and $1.0M of share-based compensation. Working capital and other items added $47.4M. Capital expenditures of $12.9M left free cash flow of $34.1M.
Questions
What was Leslie's revenue in the fourth quarter fiscal 2024?
Leslie's (LESL) reported revenue of $398M for the fourth quarter fiscal 2024 (Q4 FY24), -8% from a year earlier and -30% from the quarter before.
Was Leslie's profitable in the fourth quarter fiscal 2024?
Operating profit was $26.4M (6.6% of revenue) and net loss $9.9M.
Source: Leslie's 10-K on SEC EDGAR.