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% on a QoQ basis from 18.4% in Q1 2026.

Leslie's (LESL) Gross Margin (2019 - 2026) Analysis & Trends

Leslie's (LESL) has reported Gross Margin for 8 consecutive years, with 28.88% the latest figure, recorded in 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 came in at 28.88% for Q2 2026 at Leslie's, 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.
  • Average Gross Margin over 5 years is 34.51%, with a median of 36.21% recorded in 2022.
  • The largest YoY upside for Gross Margin was 407 bps in 2026 against a maximum downside of 883 bps in 2026.
  • Year by year, Gross Margin stood at 33.47% in 2022, then dropped by 13 bps to 28.98% in 2023, then dropped by 6 bps to 27.23% in 2024, then jumped by 42 bps to 38.56% in 2025, then slipped by 25 bps to 28.88% in 2026.
  • According to Business Quant data, Gross Margin over the past three periods registered 28.88%, 18.4%, and 38.56% for Q2 2026, Q1 2026, and Q4 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 NaaS Technology 29.20 Bn 29.20 Bn - -
2 Caseys General Stores 28.94 Bn 28.48 Bn 1.08 Bn 23.63%
3 Williams Sonoma 27.71 Bn 26.69 Bn 1.10 Bn 46.87%
4 Dick'S Sporting Goods 19.10 Bn 17.75 Bn 1.77 Bn 28.43%
5 Tractor Supply 16.98 Bn 16.76 Bn 1.30 Bn 36.22%
6 Best Buy 16.25 Bn 14.50 Bn 2.10 Bn 23.52%
7 Murphy USA 10.35 Bn 10.23 Bn 3.98 Bn 82.59%
8 Five Below 10.07 Bn 9.13 Bn 696.98 Mn 40.32%
9 Winmark 8.93 Bn 8.93 Bn 20.23 Mn 97.03%
10 Leslie's 86,220.00 -16.83 Mn 53.35 Mn 28.88%

Historic Data

Download Data
DateValue
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%
Jul 3, 2021 47.56%