Leslie's (LESL) Gross Margin (2019 - 2026)
Leslie's (LESL) posted quarterly Gross Margin of 28.88% for Q2 2026, up 407.0% year-over-year from 5.7% in Q2 2025, and up 56.95% quarter-over-quarter from 18.4% in Q1 2026.
Leslie's (LESL) Gross Margin (2019 - 2026) Analysis & Trends
Leslie's' Gross Margin history runs 8 years deep, the most recent figure standing at 28.88% for Q2 2026.
- In Q2 2026, Gross Margin rose 407.0% year-over-year to 28.88%; the TTM figure through Apr 2026 stood at 35.07% (down 6.0% YoY), while the FY2025 annual figure was 35.4%, down 44.0% from the prior year.
- Gross Margin for Q2 2026 stood at 28.88%, up from 18.4% in the prior quarter.
- The five-year high for Gross Margin was 45.67% in Q4 2022, with the low at 18.4% in Q1 2026.
- The 5-year median for Gross Margin is 36.21% (2022), against an average of 34.51%.
- Peak annual rise in Gross Margin reached 407 bps in 2026, while the deepest fall reached 883 bps in 2026.
- Leslie's' Gross Margin stood at 33.47% in 2022, then fell by 13 bps to 28.98% in 2023, then fell by 6 bps to 27.23% in 2024, then soared by 42 bps to 38.56% in 2025, then declined by 25 bps to 28.88% in 2026.
- Business Quant data shows LESL's Gross Margin at 28.88% in Q2 2026, 18.4% in Q1 2026, and 38.56% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Caseys General Stores | 30.70 Bn | 30.18 Bn | 1.08 Bn | 23.63% |
| 2 | Williams Sonoma | 28.62 Bn | 27.60 Bn | 1.10 Bn | 46.87% |
| 3 | Ulta Beauty | 22.58 Bn | 22.36 Bn | 1.27 Bn | 40.07% |
| 4 | Tractor Supply | 18.35 Bn | 18.12 Bn | 1.68 Bn | 37.05% |
| 5 | Best Buy | 18.03 Bn | 16.28 Bn | 2.10 Bn | 23.52% |
| 6 | Dick'S Sporting Goods | 15.93 Bn | 14.93 Bn | 1.68 Bn | 32.59% |
| 7 | Five Below | 13.08 Bn | 11.97 Bn | 478.64 Mn | 37.23% |
| 8 | Murphy USA | 10.51 Bn | 10.33 Bn | 746.50 Mn | 10.97% |
| 9 | Bath & Body Works | 4.08 Bn | 3.13 Bn | 1.24 Bn | 45.67% |
| 10 | Leslie's | 5.76 Mn | -40.16 Mn | 167.13 Mn | 36.45% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jul 4, 2026 | 36.45% |
| Apr 4, 2026 | 28.88% |
| Jan 3, 2026 | 18.40% |
| Oct 4, 2025 | 38.56% |
| Jun 28, 2025 | 39.55% |
| Mar 29, 2025 | 24.81% |
| Dec 28, 2024 | 27.23% |
| Sep 28, 2024 | 36.00% |
| Jun 29, 2024 | 40.17% |
| Mar 30, 2024 | 28.80% |
| Dec 30, 2023 | 28.98% |
| Sep 30, 2023 | 37.04% |
| Jul 1, 2023 | 41.19% |
| Apr 1, 2023 | 33.44% |
| Dec 31, 2022 | 33.47% |
| Oct 1, 2022 | 45.67% |
| Jul 2, 2022 | 45.07% |
| Apr 2, 2022 | 37.54% |
| Jan 1, 2022 | 36.42% |
| Oct 2, 2021 | 45.99% |