Leslie’s Inc. (NASDAQ:LESL) shares jumped 25.87% in after-hours trading to $1.80 Wednesday after the pool and spa retailer beat second-quarter revenue estimates by 13.97%.
For the period ended Apr. 4, second-quarter revenue totaled $184.74 million, surpassing the analyst estimate of $162.10 million and marking a strong rebound after the Arizona-based company missed revenue expectations in the first quarter of 2026.
Leslie’s gross margin expanded to 28.9% from 24.8% year-over-year. Adjusted EBITDA loss narrowed by $9.2 million, improving from a loss of $36.1 million to a loss of $26.8 million.
CEO Jason McDonell credited the March-launched “Price Drop” initiative, a strategic pricing overhaul that shifted the company from a high-low promotional model to everyday value pricing on key items, with …