Leslies Inc (LESL)

Gross profit margin

		Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021
Gross profit (ttm)	US$ in thousands	476,790	493,737	516,493	533,335	548,223	605,251	657,262	671,721	673,741	644,616	624,707	610,761	595,160
Revenue (ttm)	US$ in thousands	1,294,897	1,312,252	1,335,830	1,360,916	1,385,771	1,436,567	1,510,137	1,535,663	1,531,880	1,467,427	1,389,785	1,351,089	1,299,337
Gross profit margin		36.82%	37.63%	38.66%	39.19%	39.56%	42.13%	43.52%	43.74%	43.98%	43.93%	44.95%	45.21%	45.80%

September 30, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $476,790K ÷ $1,294,897K
= 36.82%

Leslies Inc has shown a declining trend in its gross profit margin over the past few quarters. The gross profit margin decreased from 45.80% in September 2021 to 36.82% in September 2024. This suggests that the company's cost of goods sold has been increasing at a faster rate than its sales revenue, impacting the profitability of the company. Management should closely monitor and analyze the factors causing this decline to implement strategic cost-saving measures or adjust pricing strategies to improve the gross profit margin and overall financial performance of the company.

Peer comparison

Sep 30, 2024

Company name

Symbol

Gross profit margin

Leslies Inc

LESL

36.82%

Sally Beauty Holdings Inc