Leslies Inc (LESL)
Net profit margin
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | ||
|---|---|---|---|---|---|
| Net income | US$ in thousands | -23,379 | 27,242 | 159,029 | 126,634 |
| Revenue | US$ in thousands | 1,330,120 | 1,385,770 | 1,531,880 | 1,299,340 |
| Net profit margin | -1.76% | 1.97% | 10.38% | 9.75% |
September 30, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $-23,379K ÷ $1,330,120K
= -1.76%
Leslies Inc's net profit margin has shown a declining trend over the past four years. In the most recent fiscal year ending September 30, 2024, the company reported a negative net profit margin of -1.76%, indicating that the company's expenses exceeded its revenue, resulting in a loss at the bottom line. This represents a significant decrease from the net profit margin of 1.97% in the previous year and a considerable drop from the higher levels of 10.38% and 9.75% in fiscal years 2022 and 2021, respectively.
The negative net profit margin in 2024 suggests that the company's profitability has been negatively impacted, potentially due to a variety of factors such as higher operating expenses, declining sales, or inefficient cost management. This declining trend in net profit margin raises concerns about the company's ability to generate profits from its core operations and may indicate underlying challenges that require further investigation and strategic action to improve financial performance.
Peer comparison
Sep 30, 2024