secwatch.observer — SEC 8-K summary
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Issuer:     Leslie's, Inc. (LESL)
CIK:        0001821806
Form:       8-K
Filed at:   2025-05-08T23:59:59+00:00
Accession:  0000950170-25-066997
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Leslie's Q2 net loss widens to $51.3M; sales fall 6.1%; reaffirms FY guidance
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- Sales $177.1M, down 6.1% YoY; comparable sales down 6.7%.
- Net loss $51.3M ($0.28 diluted loss per share) vs loss $34.6M ($0.19) prior year.
- Adjusted EBITDA loss $36.1M vs loss $19.3M prior year; gross margin 24.8% vs 28.8%.
- Reaffirmed FY2025 guidance: sales $1,304M-$1,370M, adjusted EBITDA $96M-$116M.
- CEO cites weather impact on traffic and 'critical leadership changes' during quarter.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1821806/000095017025066997/0000950170-25-066997-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1821806/000095017025066997/lesl-20250508.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-066997

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