secwatch.observer — SEC 8-K summary
======================================

Issuer:     Leslie's, Inc. (LESL)
CIK:        0001821806
Form:       8-K
Filed at:   2025-12-02T23:59:59+00:00
Accession:  0001193125-25-305339
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 2.05, 2.06, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1821806/000119312525305339/0001193125-25-305339-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1821806/000119312525305339/lesl-20251125.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-305339

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