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Leslie’s stock tanks 15% after pool supplier forecasts rougher 2024

Clyde Edgerton by Clyde Edgerton
November 28, 2023
in Markets
Leslie’s stock tanks 15% after pool supplier forecasts rougher 2024
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Shares of Leslie’s Inc. LESL fell 15% in the extended session Tuesday after the supplier of spa and pool products reported fourth-quarter earnings below expectations and called for 2024 revenue and profit also below Wall Street forecasts. Leslie’s earned $16.5 million, or 9 cents a share, in the quarter, compared with $57.9 million, or 31 cents a share, in the year-ago period. Adjusted for one-time items, the company earned 14 cents a share. Revenue dropped 9.1% to $432.4 million, the company said. Analysts polled by FactSet expected adjusted earnings of 16 cents a share on sales of $419 million. “Following three years…

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