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LESLIE'S POOLMART ANNOUNCES PRELIMINARY SECOND QUARTER RESULTS

   LESLIE'S POOLMART ANNOUNCES PRELIMINARY SECOND QUARTER RESULTS
    CHATSWORTH, Calif., July 14 /PRNewswire/ -- Leslie's Poolmart (NASDAQ: LESL) today announced that sales for the quarter ended June 30, 1992, rose 17.7 percent to $42,169,000 from $35,842,000 a year ago, and same store sales increased 3.7 percent.
    Although sales were up substantially in the quarter, unseasonably cool June weather in the Midwest, Southeast and Northeast and rain in the South Central region resulted in sales for the quarter being below expected levels.
    Brian McDermott, president, said, "Despite a good start to our second quarter, the disappointing June sales will affect earnings for the period.  While we anticipate that earnings will be better than second quarter 1991 earnings per share of $.75, prior to the unusual charge taken that year, it appears they will be below our expectations."  McDermott added that the company expects to announce final six-month results in approximately 20 days.
    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 130 retail stores in 26 states and a nationwide mail-order catalog.
    -0-                    7/14/92
    /CONTACT:  Brian P. McDermott, president or Hugh Pierce, CFO, of Leslie's Poolmart, 818-993-4212; or Eugene G. Heller of Silverman, Heller Associates, 310-208-2550, for Leslie's Poolmart/
    (LESL) CO:  Leslie's Poolmart ST:  California IN:  REA SU:  ERN AL-KJ -- LA028 -- 9238 07/14/92 16:06 EDT
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Publication:PR Newswire
Date:Jul 14, 1992
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