---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-032848"
form_type: "8-K"
ticker: "LESL"
cik: "0001821806"
company_name: "Leslie's, Inc."
filed_at: "2023-07-13T23:59:59+00:00"
generated_at: "2026-06-13T08:52:08.179550+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Leslie's Q3 preliminary sales $611M, -12% comp; cuts FY outlook; CFO Weddell to step down, Bowman named

## Summary
- Preliminary Q3 net sales $611M, -12% comp; gross margin ~41% ($249-251M).
- Adjusted EBITDA Q3 expected $124-128M; full-year Adjusted EBITDA revised to $170-180M.
- FY2023 outlook cut: net sales $1.43-1.45B, Adj. EPS $0.28-$0.32.
- CEO cites low-double-digit traffic declines, price sensitivity, and residual chemicals from prior year.
- CFO Steve Weddell stepping down Aug 7; Scott Bowman appointed CFO (ex-CFO of Dave & Buster's, Hibbett).

## SEC filing metadata
- accession: 0000950170-23-032848
- form_type: 8-K
- ticker: LESL
- cik: 0001821806
- company_name: Leslie's, Inc.
- filed_at: 2023-07-13T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1821806/000095017023032848/0000950170-23-032848-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1821806/000095017023032848/lesl-20230713.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-032848
- JSON: https://secwatch.observer/filing/0000950170-23-032848.json
- Plain text: https://secwatch.observer/filing/0000950170-23-032848.txt

## Key facts
- Earnings Releases
  Leslie's, Inc. reported full year fiscal 2023 results: revenue $1,430 to $1,450 million, net income $33 to $40 million, EPS $0.28 to $0.32. Guidance lowered.
  - Period: full year fiscal 2023
  - Revenue: $1,430 to $1,450 million
  - Net income: $33 to $40 million
  - EPS: $0.28 to $0.32
  - Guidance: lowered
  - Result: guidance update
  source text: Net sales are now expected to be $1,430 to $1,450 million, gross profit is expected to be $549 to $559 million, net income is expected to be $33 to $40 million, Adjusted EBITDA is expected to be $170 to $180 million, Adjusted net income is expected to be $52 to $59 million, and Adjusted diluted earnings per share are expected to be $0.28 to $0.32.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1821806/000095017023032848/0000950170-23-032848-index.htm
- Earnings Releases
  Leslie's, Inc. reported third quarter ended July 1, 2023 results: revenue $611 million, net income $70 to $73 million, EPS $0.39 to $0.41. Guidance lowered.
  - Period: third quarter ended July 1, 2023
  - Revenue: $611 million
  - Net income: $70 to $73 million
  - EPS: $0.39 to $0.41
  - Guidance: lowered
  - Result: preliminary results
  source text: The Company expects preliminary sales for the third quarter of $611 million including a comparable sales decline of (12)%. Gross profit is expected to be $249 to $251 million and gross margin is expected to be approximately 41%. Net income is expected to be $70 to $73 million, Adjusted EBITDA is expected to be $124 to $128 million, Adjusted net income is expected to be $73 to $76 million, and Adjusted diluted earnings per share are expected to be $0.39 to $0.41.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1821806/000095017023032848/0000950170-23-032848-index.htm
- Executive change
  Scott Bowman was appointed as Chief Financial Officer and Treasurer at Leslie's, Inc..
  - Action: appointed
  - Role: Chief Financial Officer and Treasurer
  source text: The Board of Directors of the Company appointed Scott Bowman, age 56, as the Company’s Chief Financial Officer and Treasurer to succeed Mr. Weddell, effective August 7, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1821806/000095017023032848/0000950170-23-032848-index.htm
- Executive change
  Steve Weddell departed as Chief Financial Officer at Leslie's, Inc..
  - Action: stepping down
  - Role: Chief Financial Officer
  source text: Steve Weddell will be stepping down from his position as Chief Financial Officer of the Company effective August 7, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1821806/000095017023032848/0000950170-23-032848-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.