Who Makes Money From America’s Pool Obsession
July 7, 2021
222,854
3,140
279
1.53%
Search the Record
IndexedEvery word spoken in this episode is indexed. Type any phrase to jump straight to the moment it was said.
Type any word or phrase that may have been spoken. Click a result to seek the player to that exact moment.
Try a name, a topic, or a quoted line
CNBC Television Episodes Around July 7, 2021
See what was published immediately before and after this episode.
15:36Now PlayingWho Makes Money From America’s Pool Obsession
YouTube Description
as posted by the channelOver the last several decades, a growing number of Americans have chosen to spend more time and money on swimming pools. Most pools can be found in California, Texas and Florida, but population growth in other Southern states is escalating the demand for pool construction and supplies. Pool Corporation, one of the largest pool supply distributers, has seen its stock price soar. Already in 2021, people are opening up their pools 20-30% earlier in the year than they did in 2020, which means they will need more chemicals and supplies to keep their pools swimmable. For now, demand is pretty strong.
The backyard pool has become a big moneymaker.
A combination of factors has been fueling the trend for years. Many Americans are moving to the suburbs, migrating to warmer states and increasingly looking to make their own yards better places to spend time in.
Retailers and distributors such as Leslie’s and Pool Corp. are aiming to conquer the large and growing pool supply market, which offers pretty steady revenues from consumers trying to keep their pool water from turning green.
There are some short-term challenges - including a shortage of chlorine tablets resulting in part from a large fire at a plant in Louisiana that has created a chlorine shortage constricting supply and raising prices.
Longer term, pullbacks in the housing market could restrict new pool construction. But once a house has a pool in the backyard, the most economical thing to do is maintain it, so companies who bet on maintenance are likely to see steady sales.
Correction (07/08/21): At 14:38, we misstated the number of customers signed up for AccuBlue Home. The 5.5 million instead represents the number of Leslie’s total active consumer base.
» Subscribe to CNBC
» Subscribe to CNBC TV
» Subscribe to CNBC Classic
About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.
Connect with CNBC News Online
Get the latest news
Follow CNBC on LinkedIn
Follow CNBC News on Facebook
Follow CNBC News on Twitter
Follow CNBC News on Instagram
Subscribe to CNBC PRO
#CNBC
Who Makes Money From America’s Pool Obsession
Guests & Subjects Covered
Sentinel Indexing in Progress
Metadata and chapters are available. Claim extraction for this episode is pending.
All video content is delivered via YouTube embedded players in accordance with the YouTube Terms of Service. Sentinel provides research tools that promote discovery and accountability across political media.