secwatch.observer — SEC 8-K summary
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Issuer:     Leslie's, Inc. (LESL)
CIK:        0001821806
Form:       8-K
Filed at:   2025-02-06T23:59:59+00:00
Accession:  0000950170-25-015393
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1821806/000095017025015393/0000950170-25-015393-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1821806/000095017025015393/lesl-20250206.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-015393

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