Latham Group Inc

Latham reported second-quarter revenues of $197.5 million, up 14.4% year on year and 4.8% above analysts' expectations, as the 12 consumer discretionary leisure products stocks tracked posted a group-wide revenue beat of 9.1% and next-quarter revenue guidance 14.4% above consensus. Latham's in-ground pool sales rose 22.5%, or 13.6% organically, led by fiberglass pools, which are on track to account for approximately 80% of full-year in-ground pool sales in 2026, while cover sales rose 10% on autocover growth. President and CEO Sean Gadd credited execution of strategic priorities and said the results support expectations of continued share gains. Latham delivered the highest full-year guidance raise in the group, and its stock is up 12.2% since reporting, trading at $6.40. Among peers, Smith & Wesson reported revenues of $112.6 million, up 32.3% and 14.1% above expectations, with its stock up 19.6% at $14.67, while Brunswick posted the weakest guidance update of the group on revenues of $1.56 billion, up 7.7%, and its stock is down 19.4% at $64.86.

Performance Food Group reported second-quarter revenues of $18.03 billion, up 6.4% year on year but falling 0.5% short of analysts' expectations, with full-year revenue guidance meeting estimates and EPS in line. The stock is down 20.1% since reporting and trades at $91.06. Among the 137 consumer discretionary stocks tracked, group revenues beat consensus by 2.7% while next-quarter revenue guidance came in line, and share prices are down 8.1% on average since the latest results. Smith & Wesson posted the sector's best quarter with revenues of $112.6 million, up 32.3% year on year and 14.1% above expectations, while Matthews was the weakest, with revenues of $246 million, down 29.6% and 7% below estimates. Latham reported revenues of $197.5 million, up 14.4% and 4.8% above expectations, and H&R Block reported revenues of $1.14 billion, up 3% and 2.5% above expectations.

Latham Group announced on Tuesday the appointment of Todd Antonelli as chief commercial officer. Antonelli brings more than 25 years of commercial leadership experience and will oversee Latham’s commercial strategy and sales organization. CEO Sean Gadd said Antonelli’s experience will support Latham’s growth strategy, including its core business, fiberglass pool conversion, autocovers, and acquisitions.

Latham Group reported second-quarter net sales of $197.5 million, a 14.4% increase year over year, and raised its full-year guidance for both revenue and adjusted EBITDA. Organic growth contributed 10.3% while the Freedom Pools acquisition added 4%. In-ground swimming pool revenue surged 22.5% to $96.3 million, driven by fiberglass pool demand, and the company expects fiberglass to account for about 80% of full-year in-ground pool sales. Adjusted EBITDA rose 11.9% to $44.6 million, though gross margin contracted 160 basis points to 35.5% due to $2.8 million in incremental ramp-up costs from a sudden demand surge. Full-year net sales are now projected at $600 million to $620 million, with adjusted EBITDA of $110 million to $120 million, up from the prior range. The company also highlighted double-digit sales growth in the Sand States and a 60% increase in consumer leads.