Pool supplies retailer expects stagnant sales in the next fiscal year
- Leslie’s forecasts roughly flat revenue for FY24
- Revenue expected to be $1.41 billion to $1.47 billion
- Profit forecasted to be $32 million to $46 million
- Analysts expect higher sales and profit than Leslie’s forecast
Leslie’s, the Phoenix-based pool supplies retailer, is predicting that its revenue for fiscal year 2024 will remain roughly flat after experiencing a decline in sales. The company expects to generate revenue between $1.41 billion and $1.47 billion, compared to $1.45 billion in fiscal year 2023. However, analysts surveyed by FactSet have higher expectations, forecasting annual sales of $1.5 billion. In terms of profit, Leslie’s is forecasting a range of $32 million to $46 million, compared to $27.2 million in the previous fiscal year. Analysts, on the other hand, anticipate a profit of $78.4 million. Despite posting another quarterly decline in sales and a decrease in profit compared to the previous year, Leslie’s has been facing challenges due to overall weakness in the pool industry.
Factuality Level: 7
Factuality Justification: The article provides specific revenue and profit forecasts for Leslie’s in the next fiscal year, as well as comparisons to previous years. It also mentions the company’s recent quarterly drop in sales and profit. However, it does not provide any sources or additional context to support the information presented.
Noise Level: 3
Noise Justification: The article provides relevant information about Leslie’s forecasted revenue and profit for the next fiscal year, as well as comparisons with previous years. However, it lacks in-depth analysis, evidence, and actionable insights. It also does not explore the consequences of the company’s performance on stakeholders or hold powerful people accountable.
Financial Relevance: Yes
Financial Markets Impacted: The article pertains to Leslie’s, a pool supplies retailer. While it does not provide information on specific financial markets or companies impacted, it suggests a general weakness in the pool industry, which could have implications for companies operating in that sector.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article discusses Leslie’s forecast for flat revenue and a decline in profit, indicating potential challenges in the pool industry. While it does not mention any specific extreme events or their impacts, the financial performance of the company suggests a challenging business environment.
Public Companies: Leslie’s (null)
Key People:
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