secwatch.observer — SEC 8-K summary
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Issuer:     Leslie's, Inc. (LESL)
CIK:        0001821806
Form:       8-K
Filed at:   2023-07-13T23:59:59+00:00
Accession:  0000950170-23-032848
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1821806/000095017023032848/0000950170-23-032848-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1821806/000095017023032848/lesl-20230713.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-032848

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