Leslie’s Cuts Annual Forecast on Slowing Traffic, Sending Pool Stocks Lower
- Leslie’s suffers record plunge after saying traffic has slowed
- Hayward tumbles most in nearly a year, while Pool Corp. slumps
Photographer: Angel Garcia/Bloomberg
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Stocks in the swimming pool industry slumped Friday after pool-supplies retailer Leslie’s Inc. slashed its annual forecast following a decline in customer traffic.
Shares in the Phoenix-based company tumbled 30% in a record drop to hit an all-time low. Among peers, Hayward Holdings Inc. slumped 7.9%, the most in nearly a year, and Pool Corp. fell 4.9%. Latham Group Inc. dropped 7%.