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● ● ● LESLIE'S ● Leslie's , Inc. Announces Second Quarter Fiscal 2021 Financial Results ; Raises Full Year Outlook Record second quarter sales of $ 192.4 million , an increase of 52.3 % from prior year quarter ; comparable sales growth of 51.3 % on a reported basis and 35.5 % on a shifted basis as a result of the 53rd week in Fiscal 2020 GAAP net loss of $ ( 6.5 ) million compared to $ ( 29.8 ) million in the prior year quarter ; Adjusted net loss of $ ( 2.8 ) million compared to $ ( 28.8 ) million in the prior year quarter , an improvement of $ 26.0 million Adjusted EBITDA of $ 9.5 million compared to $ ( 8.1 ) million in the prior year quarter , an improvement of $ 17.6 million Raises Fiscal 2021 sales outlook by $ 75 million , Adjusted EBITDA by $ 25 million , and Adjusted net income per share by $ 0.10 PHOENIX , May 5 , 2021 - Leslie's , Inc. ( " Leslie's " or the " Company " ; NASDAQ : LESL ) , the largest and most trusted direct - to - consumer brand in the U.S. pool and spa care industry , today announced its financial results for the second quarter of Fiscal 2021 . Mike Egeck , Chief Executive Officer , commented on the results saying " We are very pleased with our second quarter performance which exceeded our expectations and produced record results for the quarter on both the top and bottom line . Broad - based industry tailwinds combined with our integrated and expanding physical and digital capabilities , as well as strong execution of our growth initiatives were the key drivers of this performance . In addition , the unique dynamics of severe weather in the south central U.S. and chlorine retail inflation were positive factors in the quarter . " " As we look to the second half of our fiscal year , our growth initiatives are continuing to gain traction , our teams continue to execute at a high level and we are well prepared for what we believe will be a strong 2021 pool season . Our results to date combined with our expectations for the second half are driving another increase in our full year outlook , " added Mr. Egeck . For the Thirteen Weeks Ended April 3 , 2021 Highlights Sales increased 52.3 % , or $ 66.0 million , to $ 192.4 million from $ 126.4 million in the second quarter of 2020. Comparable sales on an unshifted basis increased 51.3 % for the second quarter of 2021 compared to the second quarter of 2020. On a shifted basis , using a realigned period in 2020 for comparability given the 53rd week in Fiscal 2020 , comparable sales increased 35.5 % . Gross profit increased 79.6 % to $ 71.7 million from $ 39.9 million in the second quarter of 2020 and gross margin was 37.2 % compared to 31.6 % in the second quarter of 2020 , an increase of 567 basis points . SG & A increased to $ 70.4 million from $ 56.0 million in the second quarter of 2020 , or an increase of $ 14.4 million , driven by the increase in overall sales and continued investments to support Company growth . Operating income was $ 1.3 million compared to an operating loss of $ ( 16.1 ) million in the second quarter of 2020 . Net loss improved to $ ( 6.5 ) million compared to $ ( 29.8 ) million in the second quarter of 2020. Adjusted net loss improved by $ 26.0 million to $ ( 2.8 ) million from $ ( 28.8 ) million in the second quarter of 2020 . 1