Leslie's Inc (LESL) shares are having a day. The pool products retailer saw its stock rocket more than 140% on Thursday after reporting quarterly revenue that blew past expectations and signaled that customers are coming back to the stores.
For the quarter ended April 4, Leslie's posted revenue of $184.74 million versus the $162.10 million estimate. Gross margin expanded to 28.9% from 24.8%, and adjusted EBITDA loss narrowed 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.
The earnings per share came in at negative $5.36, worse than the negative $4.55 estimate. But the market is focusing on the top line: total revenue rose 4.3% year over year, comparable sales increased 6.6%, and total customers were up 8% year over year. The message from the numbers is clear: transactions are coming back.
At the time of publication, Leslie's shares were up 141.99% at $3.46, according to market data.
