---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-015393"
form_type: "8-K"
ticker: "LESL"
cik: "0001821806"
company_name: "Leslie's, Inc."
filed_at: "2025-02-06T23:59:59+00:00"
generated_at: "2026-05-27T01:47:16.098691+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Leslie's Q1 FY2025 net loss widens to $44.6M; guides FY sales $1.30-1.37B

## Summary
- Sales $175.2M (+0.7% YoY); first comparable store sales gain in two years at +0.2%.
- Net loss $44.6M vs $39.6M loss prior year; adjusted EPS loss $(0.22) vs $(0.20).
- Gross margin 27.2% down 180bps; 95bps from inventory adjustments, 75bps occupancy deleverage.
- Adj. EBITDA loss $(29.3)M vs $(24.4)M prior year; includes transformational expenses.
- FY2025 guidance: sales $1,304-1,370M, adj. EBITDA $96-116M, adj. diluted EPS $(0.01)-$0.07.

## SEC filing metadata
- accession: 0000950170-25-015393
- form_type: 8-K
- ticker: LESL
- cik: 0001821806
- company_name: Leslie's, Inc.
- filed_at: 2025-02-06T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1821806/000095017025015393/0000950170-25-015393-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1821806/000095017025015393/lesl-20250206.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-015393
- JSON: https://secwatch.observer/filing/0000950170-25-015393.json
- Plain text: https://secwatch.observer/filing/0000950170-25-015393.txt

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