Leslies Inc (LESL)

Pretax margin

Sep 30, 2023 Sep 30, 2022 Sep 30, 2021
Earnings before tax but after interest (EBT) US$ in thousands 36,741 208,117 163,129
Revenue US$ in thousands 1,385,770 1,531,880 1,299,340
Pretax margin 2.65% 13.59% 12.55%

September 30, 2023 calculation

Pretax margin = EBT ÷ Revenue
= $36,741K ÷ $1,385,770K
= 2.65%

The pretax margin of Leslies Inc has experienced a significant decline from 13.59% in 2022 to 2.65% in 2023. This indicates that the company's profitability before taxes has decreased substantially over the one-year period. The decline in pretax margin may be a cause for concern as it suggests that the company's ability to generate earnings relative to its revenue has weakened. Further analysis is warranted to understand the factors contributing to this decline and to develop strategies to improve profitability in the future.


Peer comparison

Sep 30, 2023