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| Date | Value |
|---|---|
| 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% |