secwatch.observer — SEC 8-K summary
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Issuer:     Leslie's, Inc. (LESL)
CIK:        0001821806
Form:       8-K
Filed at:   2024-11-25T23:59:59+00:00
Accession:  0000950170-24-130573
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Leslie's Q4 net loss $9.9M; Q1 FY2025 guided to $169-176M sales with adj. EBITDA loss
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- Q4 sales $397.9M (-8.0% YoY); comparable sales -8.3%; net loss $9.9M vs $16.5M income a year ago.
- Fiscal 2024 net loss $23.4M (vs $27.2M income); adjusted EBITDA $108.7M vs $168.1M prior year.
- Q1 FY2025 outlook: sales $169M-$176M, adj. EBITDA loss $(29)M-$(27)M, diluted EPS loss $(0.21)-$(0.20).
- Gross margin 36.0% vs 37.0%, hurt by occupancy deleverage and a one-time ~$5M contract charge.
- Inventory down 24.9% to $234.3M; cash rose to $108.5M from $55.4M; no revolver borrowings.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1821806/000095017024130573/0000950170-24-130573-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1821806/000095017024130573/lesl-20241125.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-130573

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer