Leslie's Remains Afloat Despite Market Disruptions

Summary

• In its second IPO, Leslie's, Inc. has shown immense revenue and income growth for the last two years.
• Despite the disruptions of the pandemic, it did not shrink in 1Q as observed using year-over-year comparison.
• Cash on hand remains above $100 million with lower financial leverage and no borrowings at its revolver.
• After a month of a downtrend, the stock price has started to move in a generally upward pattern.
• The raising of the FY 2021 outlook may be reasonable, given the potential reopening of the economy and pent-up demand for most goods and services.

Photo by LeslieLauren/E+ via Getty Images

Leslie's, Inc. (NASDAQ: NASDAQ:LESL) proved that the pandemic did not halt its operations with its second IPO and growth in FY 2020. It continues to show its growth potential with its sustained performance and lower borrowings. As the vaccination and economy reopening

Analyst’s Disclosure:I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.