Leslies Inc (LESL)

Pretax 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
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	-13,278	-1,295	17,298	23,545	36,741	88,856	156,158	187,493	208,117	193,901	186,641	187,978	163,128
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
Pretax margin		-1.03%	-0.10%	1.29%	1.73%	2.65%	6.19%	10.34%	12.21%	13.59%	13.21%	13.43%	13.91%	12.55%

September 30, 2024 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $-13,278K ÷ $1,294,897K
= -1.03%

The pretax margin of Leslies Inc has shown a declining trend over the past few quarters. It decreased from a robust 12.55% in September 2021 to a negative figure of -1.03% by September 2024. This indicates a decrease in the company's ability to generate profits before taxes relative to its total revenue. The pretax margin peaked at 13.59% in March 2022, but has since been on a downward trajectory. The consistent decline in pretax margin may suggest challenges in cost management, pricing strategies, or operational efficiency that need to be addressed by the company to improve profitability.

Peer comparison

Sep 30, 2024

Company name

Symbol

Pretax margin

Leslies Inc

LESL

-1.03%

Sally Beauty Holdings Inc