Leslie’s Inc (NASDAQ:LESL) shares are trading sharply higher on Thursday as traders react to a sharp post-earnings repricing after the company delivered a revenue beat and reiterated full-year guidance.
- Leslies shares are climbing with conviction. Why are LESL shares rallying?
Consumer Traffic Returns To Leslie's
For the quarter ended April 4, Leslie's posted revenue of $184.74 million versus the $162.10 million estimate, with gross margin expanding to 28.9% from 24.8% and an adjusted EBITDA loss narrowing by $9.2 million to a loss of $26.8 million.
The company also reiterated fiscal 2026 guidance for sales of $1.1 billion to $1.25 billion and adjusted EBITDA of $55 million to $75 million, even as EPS came in at negative $5.36 versus the negative $4.55 estimate.
The market is rewarding the top-line momentum, even with the EPS miss, after total revenue rose 4.3% year over year and comparable sales increased 6.6% in the quarter.
Leslie's also said total customers were up 8% year over year, reinforcing the "transactions are coming back" read-through behind the repricing.
LESL Shares Skyrocket Thursday Afternoon
LESL Price Action: Leslie’s shares were up 141.99% at $3.46 at the time of publication on Thursday, according to Benzinga Pro data.
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