Pool products retailer Leslie’s (NASDAQ: LESL) will be reporting results this Wednesday afternoon. Here’s what investors should know.
Leslie's missed analysts’ revenue expectations last quarter, reporting revenues of $147.1 million, down 16% year on year. It was a disappointing quarter for the company, with a significant miss of analysts’ revenue estimates and a significant miss of analysts’ EBITDA estimates.
Is Leslie's a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Leslie’s revenue to decline 8.1% year on year, a further deceleration from the 6.1% decrease it recorded in the same quarter last year.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Leslie's has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Leslie’s peers in the consumer retail segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Tractor Supply delivered year-on-year revenue growth of 3.6%, missing analysts’ expectations by 1.1%, and CarMax reported flat revenue, topping estimates by 3.9%. Tractor Supply traded down 13.1% following the results while CarMax was also down 17.5%.
Read our full analysis of Tractor Supply’s results here and CarMax’s results here.
The market narrative shifted from AI-driven sector rotation in late 2025 to geopolitical shock as the US-Iran conflict dominated early 2026. While some of the consumer retail stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 3.4% on average over the last month. Leslie's is up 13.6% during the same time and is heading into earnings with an average analyst price target of $2.08 (compared to the current share price of $1.58).
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