Leslie's (LESL) Gross Margin (2019 - 2026)

Leslie's' (LESL) quarterly Gross Margin came in at 28.88% in Q2 2026, up 407.0% year-on-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.

  • On a quarterly basis, Gross Margin rose 407.0% year-over-year to 28.88% in Q2 2026; TTM through Apr 2026 was 35.07%, a 6.0% decrease from a year earlier, with the FY2025 full-year figure at 35.4%, down 44.0% from the prior year.
  • Gross Margin rose to 28.88% in Q2 2026 per LESL's latest filing, from 18.4% in the prior quarter.
  • Across five years, Gross Margin topped out at 45.67% in Q4 2022 and bottomed at 18.4% in Q1 2026.
  • The 5-year median for Gross Margin is 36.21% (2022), against an average of 34.51%.
  • Biggest YoY gain for Gross Margin was 407 bps in 2026; the steepest drop was 883 bps in 2026.
  • Year by year, Gross Margin stood at 33.47% in 2022, then retreated by 13 bps to 28.98% in 2023, then retreated by 6 bps to 27.23% in 2024, then jumped by 42 bps to 38.56% in 2025, then fell by 25 bps to 28.88% in 2026.
  • Per Business Quant, the three latest LESL Gross Margin figures stand at 28.88% (Q2 2026), 18.4% (Q1 2026), and 38.56% (Q4 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Caseys General Stores 32.13 Bn 31.61 Bn 1.08 Bn 23.63%
2 NaaS Technology 30.58 Bn 30.58 Bn - -
3 Williams Sonoma 28.34 Bn 27.33 Bn 1.10 Bn 46.87%
4 Ulta Beauty 23.18 Bn 22.69 Bn 1.48 Bn 38.06%
5 Best Buy 18.52 Bn 16.77 Bn 2.10 Bn 23.52%
6 Dick'S Sporting Goods 16.59 Bn 15.24 Bn 1.77 Bn 28.43%
7 MINISO Group Holding 16.05 Bn 14.98 Bn 414.86 Mn 46.39%
8 Tractor Supply 15.89 Bn 15.66 Bn 1.30 Bn 36.22%
9 Five Below 12.09 Bn 11.16 Bn 696.98 Mn 40.32%
10 Leslie's 8.11 Mn -8.80 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%