earnings
confidence high
sentiment negative
materiality 0.80
Leslie's Q3 sales down 8.4% to $458.5M; withdraws FY outlook, explores deleveraging
Leslie's, Inc.
- Sales $458.5M, down 8.4% YoY; comp sales -6.2%; gross margin 36.5% vs 39.6%.
- Adjusted EPS $3.96 vs $2.72; adjusted EBITDA $55.7M vs $81.6M.
- Withdraws FY2026 outlook citing macro softness and consumer uncertainty.
- Exploring strategic alternatives, possibly deleveraging with financing transactions.
- Nine-month net loss -$87.7M; closed 80 stores and 1 DC, impairment $8.3M.