Earnings summaries and quarterly performance for Leslie's.
Executive leadership at Leslie's.
Board of directors at Leslie's.
Research analysts who have asked questions during Leslie's earnings calls.
David Bellinger
Mizuho Securities USA LLC
6 questions for LESL
Also covers: AZO, CHWY, FIVE +10 more
Jonathan Matuszewski
Jefferies Financial Group Inc.
6 questions for LESL
Also covers: ARHS, ASO, BBBY +11 more
Justin Kleber
Robert W. Baird & Co.
6 questions for LESL
Also covers: ASO, DKS, DRVN +5 more
Ryan Merkel
William Blair & Company
3 questions for LESL
Also covers: AAON, AYI, AZEK +15 more
Simeon Gutman
Morgan Stanley
3 questions for LESL
Also covers: AAP, ACI, ARHS +32 more
Steven Forbes
Guggenheim Securities, LLC
3 questions for LESL
Also covers: AAP, ARHS, AZO +15 more
Lauren Englund
Morgan Stanley
2 questions for LESL
Also covers: SBH
Shaun Calnan
Bank of America
2 questions for LESL
Also covers: BLD, POOL, SWIM
Kate McShane
Goldman Sachs
1 question for LESL
Also covers: ASO, AZO, BBWI +19 more
Katharine McShane
Goldman Sachs Group, Inc.
1 question for LESL
Also covers: AAP, ASO, BBWI +16 more
Lauren Ng
Morgan Stanley
1 question for LESL
Also covers: AZO, BBY, OLLI +1 more
Recent press releases and 8-K filings for LESL.
Leslie's Reports Q4 and Full Year 2025 Results, Announces Strategic Restructuring and Provides 2026 Guidance
LESL
Earnings
Guidance Update
Demand Weakening
- Leslie's reported a net loss of $162.8 million or $17.54 per diluted share for Q4 2025, with adjusted net income of $840,000 or $0.09 per diluted share, and adjusted EBITDA of $45.2 million. For the full fiscal year 2025, sales were approximately $1.24 billion, and the adjusted net loss was $4.70 per basic share.
- The company is implementing a strategic restructuring, including closing 80-90 underperforming stores by Q2 2026, expected to improve annualized net EBITDA by $4-$10 million. Other initiatives like distribution network optimization and SKU rationalization are projected to add another $1 million and $4-$5 million respectively to annualized EBITDA.
- For fiscal year 2026, Leslie's anticipates sales between $1.1 billion and $1.25 billion and Adjusted EBITDA between $55 million and $75 million, with the midpoint of the EBITDA guidance assuming free cash flow positivity.
4 days ago
Leslie's Inc. Reports Q4 and Full Year Fiscal 2025 Results, Announces Strategic Restructuring and Fiscal 2026 Guidance
LESL
Earnings
Guidance Update
Demand Weakening
- Leslie's Inc. reported Q4 2025 net sales of $389.2 million, a 2.2% decline year-over-year, and a net loss of $162.8 million or $17.54 per diluted share, which included a $184 million impairment charge. Adjusted EBITDA for the quarter increased to $45.2 million.
- For the full fiscal year 2025, sales were approximately $1.24 billion, with an adjusted net loss of $4.70 per basic share. The company also announced the appointment of Jeff White as its new Chief Financial Officer in early October.
- The company plans significant strategic actions, including closing 80 to 90 underperforming stores to generate $4-$10 million in annual EBITDA improvement, and implementing a pricing strategy expected to impact gross margins by 100-150 basis points. These actions follow a net loss of over 160,000 residential customers in 2025 due to price-value challenges.
- Leslie's expects to achieve $7 million-$12 million in cost optimization savings for fiscal 2026, alongside $4-$5 million in incremental EBITDA savings from SKU rationalization and a further $20-$40 million reduction in inventory.
- For fiscal year 2026, Leslie's projects sales between $1.1 billion and $1.25 billion and Adjusted EBITDA between $55 million and $75 million.
4 days ago
Leslie's Announces Q4 and Full Year Fiscal 2025 Results and Strategic Transformation Plan
LESL
Earnings
Guidance Update
New Projects/Investments
- Leslie's reported Q4 2025 net sales of $389.2 million and an adjusted EBITDA of $45.2 million, but a net loss of $162.8 million or $17.54 per diluted share was recorded, primarily due to a $184 million impairment charge. For the full fiscal year 2025, sales were approximately $1.24 billion with an adjusted net loss of $4.70 per basic share.
- The company announced strategic actions for fiscal year 2026, including closing 80 to 90 underperforming stores expected to yield $4 million to $10 million in annualized net EBITDA improvement, and reducing over 2,000 SKUs for an additional $4 million to $5 million in annualized EBITDA savings.
- Further cost optimization initiatives include closing distribution centers for $1 million in annual savings and targeting an additional $20 million to $40 million in inventory reduction for fiscal 2026. Overall, the company increased its cost optimization range to $7 million-$12 million in savings for fiscal 2026.
- Leslie's plans to invest in pricing its core chemical products, which is expected to impact product gross margins by 100 to 150 basis points starting Q2 2026, and the midpoint of the 2026 guidance assumes free cash flow positivity.
4 days ago
Leslie's, Inc. Announces Q4 and Fiscal Year 2025 Results and Strategic Store Closures
LESL
Earnings
Guidance Update
Demand Weakening
- Leslie's, Inc. reported a net loss of $(162.8) million for the fourth quarter of 2025 and a net loss of $(237.0) million for the full fiscal year 2025. Sales for these periods were $389.2 million and $1,242.0 million, respectively.
- The company announced a plan on November 25, 2025, to close approximately 80-90 underperforming U.S. stores and one distribution center by the end of the first fiscal quarter of 2026. This plan is expected to result in pre-tax charges of approximately $12.0 million to $17.0 million in Q1 2026.
- For fiscal year 2026, Leslie's anticipates sales to be between $1,100 million and $1,250 million, and Adjusted EBITDA to range from $55 million to $75 million.
4 days ago
Leslie's, Inc. Announces 1-for-20 Reverse Stock Split
LESL
- Leslie's, Inc. executed a 1-for-20 reverse stock split effective September 26, 2025, by filing a certificate of amendment to its Seventh Amended and Restated Certificate of Incorporation.
- As a result of the reverse stock split, the total number of issued and outstanding common shares was reduced to approximately 9,289,790.
- The company's common stock is expected to begin trading on a split-adjusted basis on the Nasdaq Capital Market as of the open of trading on September 29, 2025, under the existing ticker symbol "LESL".
- The number of authorized shares of common stock was correspondingly reduced to 50,000,000.
Sep 29, 2025, 1:05 PM
Leslie's, Inc. Appoints Jeff White as CFO and Treasurer, Tony Iskander Transitions to Advisor Role
LESL
CFO Change
Management Change
Executive Compensation
- Leslie's, Inc. announced the appointment of Jeff White as its new Chief Financial Officer and Treasurer, effective October 5, 2025.
- Mr. White's compensation package includes an annual base salary of $575,000, a target bonus of 85% of his salary (equaling $488,750 annually), and a one-time sign-on bonus of $295,000. He also received an initial equity grant of 435,000 restricted stock units.
- Tony Iskander will transition to an advisor role with the Company from October 5, 2025, through January 3, 2026, receiving $50,000 per fiscal month for a total of $150,000.
Sep 16, 2025, 8:17 PM
Leslie's, Inc. Shareholders Approve and Board Finalizes Reverse Stock Split
LESL
Proxy Vote Outcomes
- Leslie's, Inc. shareholders approved a reverse stock split on September 10, 2025, with the Board of Directors subsequently approving a final ratio of 1-for-20 on September 15, 2025.
- The reverse stock split will become effective after the close of trading on September 25, 2025, with split-adjusted trading expected to commence on the Nasdaq Global Select Market at the open of trading on September 26, 2025.
- As a result of the 1-for-20 reverse stock split, the total number of issued and outstanding shares of common stock will be reduced to 9,289,790, and the number of authorized shares will be reduced to 50,000,000.
- The company's common stock will continue to trade under the ticker symbol LESL but will have a new CUSIP number, 527064 208.
Sep 15, 2025, 8:15 PM
Quarterly earnings call transcripts for Leslie's.
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