secwatch.observer — SEC 8-K summary
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Issuer:     Leslie's, Inc. (LESL)
CIK:        0001821806
Form:       8-K
Filed at:   2026-02-17T23:59:59+00:00
Accession:  0001193125-26-054814
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Leslie's Q1 net loss widens to $83M; 80 stores closed, FY guidance reiterated
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- Q1 sales $147.1M, down 16% YoY; comparable sales declined 15.5%.
- Net loss of $83.0M ($8.92 diluted loss per share) vs $44.6M loss last year.
- Closed 80 underperforming stores; recorded $10.1M non-cash impairment.
- Inventory reduced 22.5% YoY to $210M; total liquidity $128.3M.
- FY 2026 outlook reaffirmed: sales $1.10B-$1.25B, Adj. EBITDA $55M-$75M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1821806/000119312526054814/0001193125-26-054814-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1821806/000119312526054814/lesl-20260217.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-054814

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