Retailers are evolving to meet the expectations of modern, tech-savvy shoppers. Still, secular trends are working against their favor as e-commerce continues to take share from brick and mortars.
This puts retail stocks in a tough spot, and over the past six months, the industry has pulled back by 13.4%. This drop was much worse than the S&P 500’s 2% fall.
Leslie's has gotten torched over the last six months - since September 2024, its stock price has dropped 64.2% to $1.05 per share. This was partly driven by its softer quarterly results and might have investors contemplating their next move.
What has Wall Street been buzzing about this week? Here is a look at the top 5 buy calls and the top 5 sell calls made by Wall Street's best analysts during the trading week of Feb. 17-21, 2025.
Shares of pool products retailer Leslie’s (NASDAQ:LESL) fell 24.4% in the afternoon session after the company reported weak fourth-quarter results. Revenue barely beat forecasts, with growth remaining flat. Gross margin shrank because of stock write-downs and higher rent and shipping costs. The weaker margins contributed to an earnings loss, which missed estimates. The forecast was also weak as EBITDA guidance for the next quarter fell short of Wall Street's estimates. Overall, this was a softer quarter.
Pool products retailer Leslie’s (NASDAQ:LESL) reported Q4 CY2024 results topping the market’s revenue expectations, but sales were flat year on year at $175.2 million. On the other hand, next quarter’s revenue guidance of $184 million was less impressive, coming in 3.1% below analysts’ estimates. Its non-GAAP loss of $0.22 per share was 5.8% below analysts’ consensus estimates.
Let's have a look at what is happening on the US markets after the closing bell on Thursday. Below you can find the top gainers and losers in today's after hours session.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Petco (NASDAQ:WOOF) and the rest of the specialty retail stocks fared in Q3.
As the Q3 earnings season wraps, let’s dig into this quarter’s best and worst performers in the specialty retail industry, including National Vision (NASDAQ:EYE) and its peers.
As the Q3 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the specialty retail industry, including Leslie's (NASDAQ:LESL) and its peers.
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Tractor Supply (NASDAQ:TSCO) and the best and worst performers in the specialty retail industry.
Shares of pool products retailer Leslie’s (NASDAQ:LESL) fell 33% in the afternoon session after the company reported weak third-quarter results. All key metrics, along with its outlook, missed Wall Street's estimates. The company observed "softness in store traffic and larger-ticket and discretionary categories." and the weakness also reflected in profits. Overall, this was a challenging quarter.
Pool products retailer Leslie’s (NASDAQ:LESL) fell short of the market’s revenue expectations in Q3 CY2024, with sales falling 8% year on year to $397.9 million. Next quarter’s revenue guidance of $172.5 million underwhelmed, coming in 3.4% below analysts’ estimates. Its non-GAAP profit of $0.02 per share was 82.1% below analysts’ consensus estimates.
