---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-305339"
form_type: "8-K"
ticker: "LESL"
cik: "0001821806"
company_name: "Leslie's, Inc."
filed_at: "2025-12-02T23:59:59+00:00"
generated_at: "2026-05-16T15:45:57.273906+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Leslie's reports Q4 net loss of $163M, goodwill impairment $181M, announces closure of 80-90 stores

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-25-305339
- form_type: 8-K
- ticker: LESL
- cik: 0001821806
- company_name: Leslie's, Inc.
- filed_at: 2025-12-02T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 2.05, 2.06, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1821806/000119312525305339/0001193125-25-305339-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1821806/000119312525305339/lesl-20251125.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-305339
- JSON: https://secwatch.observer/filing/0001193125-25-305339.json
- Plain text: https://secwatch.observer/filing/0001193125-25-305339.txt

## Source-grounded claims
- claim_id: 4e78a71e9e90ac22f5a78e3f8efa81b937204084
  claim: 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.
  evidence_excerpt: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1821806/000119312525305339/0001193125-25-305339-index.htm

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