Leslie’s, Inc. Reports Q4 Earnings and Strategic Store Closures

Leslie’s, Inc. ( (LESL) ) has released its Q4 earnings. Here is a breakdown of the information Leslie’s, Inc. presented to its investors.

Leslie’s, Inc. is the largest direct-to-customer brand in the U.S. pool and spa care industry, providing a wide range of products and services to residential customers and pool professionals nationwide through over 1,000 physical locations and a robust digital platform.

In its latest earnings report, Leslie’s, Inc. announced that its fourth-quarter sales and adjusted EBITDA exceeded the high-end of its guidance range. The company also revealed plans to close 80 to 90 underperforming stores and one distribution center as part of its strategic transformation plan aimed at improving operational efficiency and financial performance.

Key financial highlights for the fourth quarter included sales of $389.2 million, a slight decrease from the previous year, while gross profit increased by 4.8% to $150.1 million. The company reported a significant net loss of $162.8 million, largely due to impairment charges, compared to a $9.9 million loss in the prior year. Adjusted EBITDA rose to $45.2 million from $43.0 million in the previous period. For the fiscal year 2025, Leslie’s reported a 6.6% decline in sales to $1,242.0 million, with a net loss of $237.0 million, primarily driven by goodwill impairments.

Looking ahead, Leslie’s management remains focused on executing its strategic transformation plan, which includes optimizing its cost structure and improving inventory efficiency. The company expects to generate the majority of its sales and earnings in the second half of fiscal year 2026, reflecting the seasonal nature of its business. Leslie’s anticipates sales between $1,100 million and $1,250 million and adjusted EBITDA ranging from $55 million to $75 million for the upcoming fiscal year.