Leslie's, Inc. (LESL): restructuring charge — Leslie's reports Q4 net loss of $163M, goodwill impairment $181M, announces closure of 80-90 stores

Leslie's, Inc.

2025-FY EPS reported -$25.57 vs consensus -$4.36 ▼ miss (-487.1%)

Q4 sales $389.2M (-2.2% YoY), adjusted EBITDA $45.2M, net loss $(162.8)M.
FY 2025 sales $1,242M (-6.6% YoY), net loss $(237)M, goodwill impairment $180.7M.
Plans to close 80-90 underperforming stores and one DC; expects $12-$17M charges in Q1 FY26.
FY26 guidance: sales $1.10-$1.25B, adjusted EBITDA $55-$75M, capex $20-$25M.
Inventory reduced ~10% YoY to $208M; available liquidity ~$168M with no ABL borrowings.

item 2.02 item 2.05 item 2.06 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Restructurings & Charges SEC 8-K Item 2.05/2.06 confidence 0.9

Leslie's, Inc. announced a restructuring with charges of approximately $12.0 million to $17.0 million affecting approximately 80-90 U.S. stores identified as underperforming.

Type: restructuring
Charge: approximately $12.0 million to $17.0 million
Affected area: approximately 80-90 U.S. stores identified as underperforming

Exact text from the filing

to be substantially completed by the end of first fiscal quarter of 2026. In connection with the Plan, the Company expects to incur total pre-tax charges of approximately $12.0 million to $17.0 million in the first fiscal quarter of 2026, consisting primarily of: • Impairment of long-lived assets of approximately $8.0 million • Inventory write-offs of

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3 restructurings & charges filed in the last 30 days. Browse all restructurings & charges →

Leslie's, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-25-305339

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