secwatch.observer — SEC 8-K summary
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Issuer:     Leslie's, Inc. (LESL)
CIK:        0001821806
Form:       8-K/A
Filed at:   2025-12-03T23:59:59+00:00
Accession:  0001193125-25-305989
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Leslie's reports FY2025 net loss of $237M; to close 80-90 stores, one DC
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- Q4 sales $389.2M (-2.2% YoY); comparable sales -6.5%; adjusted EBITDA $45.2M above guidance.
- FY2025 net loss $237M vs $23.4M loss prior year; goodwill impairment $180.7M.
- Basic loss per share corrected to $(25.57) from $(25.51) due to clerical error.
- Planning closure of 80-90 underperforming stores and one DC for FY26 EBITDA improvement.
- FY2026 guidance: sales $1.1B-$1.25B, adjusted EBITDA $55M-$75M, capex $20M-$25M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1821806/000119312525305989/0001193125-25-305989-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1821806/000119312525305989/lesl-20251202.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-305989

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