secwatch.observer — SEC 8-K summary
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Issuer:     Leslie's, Inc. (LESL)
CIK:        0001821806
Form:       8-K
Filed at:   2025-08-06T23:59:59+00:00
Accession:  0000950170-25-104102
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Leslie's Q3 sales $500.3M (-12%), net income $21.7M; sees FY net loss $57M-$65M
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- Q3 sales $500.3M, down 12.2% YoY; comparable sales down 12.4%. Net income $21.7M ($0.12 diluted EPS) vs $60.7M ($0.33).
- Adjusted net income $37.9M vs $63.3M; adjusted diluted EPS $0.20 vs $0.34. Adjusted EBITDA $81.6M vs $109.5M.
- Cash $42.7M (down $31.8M); inventories $273.2M (-9.6%); net cash used in ops $(39.4)M vs prior year $60.4M provided.
- Full-year FY25 guidance: sales $1,210M-$1,235M, net loss $57M-$65M, adjusted EBITDA $50M-$60M.
- CEO cites weather and competitive pricing as headwinds; company added expert resources to accelerate strategic initiatives.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1821806/000095017025104102/0000950170-25-104102-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1821806/000095017025104102/lesl-20250806.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-104102

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