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LESLIE'S POOLMART ANNOUNCES PRELIMINARY FOURTH QUARTER AND YEAR-END SALES RESULTS

 CHATSWORTH, Calif., Jan. 6 /PRNewswire/ -- Leslie's Poolmart (NASDAQ: LESL) today announced preliminary sales results for the fourth quarter and year ended Dec. 31, 1993.
 The company's preliminary figures indicate that fourth quarter sales increased 15.2 percent to $13,501,000, compared with $11,716,000 in the fourth quarter of 1992. Sales for all of 1993 grew 24.5 percent to $119,962,000 from $96,337,000 the prior year.
 Based on the preliminary sales report, comparable store sales increased 13.0 percent in the fourth quarter and 11.7 percent for the full year.
 Fourth quarter sales were aided by the results of an experimental 10-store Christmas goods program, which met with mixed results. Absent the Christmas program, however, comparable store sales were consistent with the strong performance of the first nine months of the year.
 According to Brian P. McDermott, president and chief executive officer of Leslie's Poolmart, "Leslie's has achieved very impressive sales gain in 1993, and these fourth quarter results bring the year to a positive close. We continue to see outstanding returns from our more aggressive chemical pricing and our new merchandising format, both implemented during 1993. The resulting sales momentum gives us great confidence as we enter 1994."
 Founded in 1963, Leslie's Poolmart is the country's leading specialty retailer of swimming pool supplies and related products. The company currently markets its products through 158 retail stores in 26 states and a nationwide mail-order catalog.
 -0- 1/6/94
 /CONTACT: Brian P. McDermott, president and CEO, or Robert D. Olsen, CFO, of Leslie's Poolmart, 818-993-4212; or Eugene G. Heller of Silverman Heller Associates, 310-208-2550/
 (LESL)


CO: Leslie's Poolmart ST: California IN: REA SU: SLS

JM-JL -- LA011 -- 9579 01/06/94 06:30 EST
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Publication:PR Newswire
Date:Jan 6, 1994
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