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The gross profit rose 7% Y/Y to $303.6 million and the gross margin contracted by 250 basis points to 45.1%.
Selling, general and administrative expenses grew 12.1% to $131.5 million.
The operating margin was 25.5%, and operating income for the quarter rose 3.4% to $172.1 million.
The company held $193.1 million in cash and equivalents as of July 2, 2022. Cash provided by operating activities for the nine months totaled $72.7 million.
Adjusted EBITDA increased 2% Y/Y to $182.9 million.
Adjusted EPS of $0.68 missed the consensus of $0.74.
Outlook: Leslie cut FY22 sales guidance to $1.55 billion - $1.57 billion from $1.575 billion - $1.61 billion, below the consensus of $1.59 billion.
The company also lowered the FY22 adjusted EPS outlook to $0.90 - $0.96 from $1.02 - $1.10, below the consensus of $1.06.
Price Action: LESL shares are trading lower by 4.77% at $14.86 on the last check Friday.
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