Leslie's (LESL) Gross Margin (2019 - 2026)
Leslie's (LESL) posted Gross Margin of 36.45% for Q3 2026, up 26.23% on a QoQ basis from 28.88% in Q2 2026, and down 310.0% year-over-year from 17.36% in Q3 2025.
Analysis
Leslie's (LESL) Gross Margin (2019 - 2026) Analysis & Trends
Leslie's has reported Gross Margin for 8 years, with the latest figure at 36.45% in Q3 2026.
- On a quarterly basis, Gross Margin fell 310.0% year-over-year to 36.45% in Q3 2026; TTM through Jul 2026 was 33.71%, a 90.0% decrease from a year earlier, with the FY2025 full-year figure at 35.4%, down 44.0% from the prior year.
- Gross Margin was 36.45% for Q3 2026 at Leslie's, up from 28.88% 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 34.61%, with a median of 36.42% recorded in 2022.
- The largest YoY upside for Gross Margin was 407 bps in 2026 against a maximum downside of 883 bps in 2026.
- Over 5 years, Gross Margin stood at 33.47% in 2022, then decreased by 13 bps to 28.98% in 2023, then decreased by 6 bps to 27.23% in 2024, then surged by 42 bps to 38.56% in 2025, then declined by 5 bps to 36.45% in 2026.
- The last three Gross Margin figures came in at 36.45% (Q3 2026), 28.88% (Q2 2026), and 18.4% (Q1 2026), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Ulta Beauty | 23.29 Bn | 23.08 Bn | 1.19 Bn | 39.10% |
| 2 | Best Buy | 18.60 Bn | 16.35 Bn | 2.34 Bn | 23.91% |
| 3 | Dick'S Sporting Goods | 11.90 Bn | 10.99 Bn | 1.94 Bn | 34.78% |
| 4 | Signet Jewelers | 4.10 Bn | 3.50 Bn | 556.50 Mn | 35.82% |
| 5 | Academy Sports & Outdoors | 3.27 Bn | 2.93 Bn | 479.35 Mn | 33.24% |
| 6 | National Vision Holdings | 1.36 Bn | 1.32 Bn | 290.43 Mn | 58.23% |
| 7 | Gold.com | 1.36 Bn | 778.11 Mn | 176.58 Mn | 1.71% |
| 8 | GameStop | 1.27 Bn | -7.10 Bn | 340.30 Mn | 40.74% |
| 9 | Winmark | 1.11 Bn | 1.09 Bn | 21.15 Mn | 96.27% |
| 10 | Leslie's | 4.75 Mn | -41.16 Mn | 167.13 Mn | 36.45% |
Historic Data
Download Data
Historic 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% |