Aug. 7 at 12:59 PM
$LESL 📉 Leslie’s Q3 Earnings: Every Warning Light Is Flashing
Here’s what the numbers really say — and why each one is a nail in the coffin:
🔻 -12% sales decline during peak pool season
📉 Residential traffic -11%
💀 Chemical sales -15%, algaecides -22% (their most profitable category)
📉 Gross margin down, despite inventory cuts
💸 EPS: -
$0.24 → Losing money
🚫 BVPS: -
$1.45 → Balance sheet is upside down
❌ P/B: -0.25 → Valued below zero
⚠️ Leverage ratio: 10x+ → That’s default-level debt
💰
$42M cash + no credit line = no safety net
🔒 Market cap:
$67M → Microcap territory
📉 Stock down ~90% YoY
And now… they’re promising a “strategic transformation” with no hard cuts yet.
This isn’t a turnaround — it’s a company on life support.
📆 Eyes on November. That’s when reality hits.
#LESL #EarningsCall #RetailCollapse #RedFlagsEverywhere #MarketWatch #TurnaroundOrTapOut