Shares of swimming pool retail company Leslie's (NASDAQ: LESL) sank this week after the company made significant downward revisions to its full-year fiscal 2023 guidance. As of noon ET Friday, Leslie's stock was down 20% for the week, according to data provided by S&P Global Market Intelligence. This was well below the roughly 1% gain for the S&P 500.

In reality, Leslie's management revised its guidance last Thursday after the market closed. But the stock was still reeling this week as analysts lowered their price targets in light of tougher-than-expected operating results.

Simply put, Leslie's customers aren't buying as much stuff for their pools right now -- some customers say they previously stocked up on supplies and are now using up what they have. Moreover, Leslie's costs are going up, but it's struggling to pass higher costs along to the consumer.

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Source Fool.com