Earnings release
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August 4 , 2021 LESLIE'S Leslie's , Inc. Announces Record Results for Third Quarter Fiscal 2021 ; Raises Full Year Outlook • Third quarter sales of $ 596.5 million compared to $ 479.9 million in the prior year quarter , an increase of 24.3 % ; comparable sales growth of 23.9 % on a reported basis and 19.4 % on a shifted basis as a result of the 53rd week in fiscal 2020 • Net income of $ 118.8 million compared to $ 71.9 million in the prior year quarter , an increase of 65.2 % ; Adjusted net income of $ 124.4 million compared to $ 73.7 million in the prior year quarter , an increase of 68.8 % • Adjusted EBITDA of $ 179.3 million compared to $ 119.8 million in the prior year quarter , an increase of 49.7 % • Diluted net income per share of $ 0.61 compared to $ 0.46 in the prior year quarter . Adjusted diluted net income per share of $ 0.64 compared to $ 0.47 in the prior year quarter . • Raises fiscal 2021 sales outlook to $ 1,315 million , Adjusted EBITDA to $ 265 million , and Adjusted diluted net income per share to $ 0.83 at the midpoint of the ranges . PHOENIX , Aug. 04 , 2021 ( GLOBE NEWSWIRE ) -- 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 third quarter of fiscal 2021 . Mike Egeck , Chief Executive Officer , commented , " We delivered a record third quarter marking the largest sales , gross profit , and EBITDA quarter in our history . These results reflect the great efforts and contributions of all of our associates and vendor partners who navigated constrained supply chains to meet elevated consumer demand . This financial performance also demonstrates continued strong execution against our strategic initiatives . As we look ahead , we remain encouraged by consumer demand and the momentum we are seeing across our growth initiatives , both of which position us well for the remainder of the year and beyond . " For the Thirteen Weeks Ended July 3 , 2021 Highlights • Sales increased to $ 596.5 million compared to $ 479.9 million in the prior year period , an increase of $ 116.6 million or 24.3 % . Comparable sales on a reported basis increased 23.9 % compared to the prior year period . On a shifted basis , using a realigned period in 2020 for comparability given the 53rd week in fiscal 2020 , comparable sales increased 19.4 % . • Gross profit increased to $ 283.7 million compared to $ 210.8 million in the prior year period , an increase of $ 72.9 or 34.6 % , and gross margin was 47.6 % compared to