POOL - Why Pool Corp Shares Are Sliding Today | Benzinga
Pool Corp (NASDAQ: POOL) reported Q3 FY23 results, with sales declining by 9% Y/Y to $1.474 billion, beating the consensus of $1.460 billion.
EPS of $3.51, down 27% Y/Y, beating the consensus of $3.47.
Gross profit decreased 15% Y/Y to $428.7 million, with margin contracting 210 basis points Y/Y to 29.1%.
The company stated that maintenance activities remained stable, denoting steady demand for non-discretionary products, while pool construction-related activities remained weaker as challenging macroeconomic factors continued to weigh heavily ...