LESL · Leslie's, Inc.
Substantial doubt about the company's ability to continue as a going concern.
“These conditions and events raise substantial doubt about the Company's ability to continue as a going concern. ... There can be no assurance of the Company's ability to realize these plans, and as a result, the Company has concluded that management's plans do not alleviate the substantial doubt about the Company's ability to continue as a going concern for at least one year from the date of issuance of these financial statements.”View the 10-Q filed Aug 12, 2026
Price & Indicators
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The closing range begins at the captured split on Sep 29, 2025.
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Metrics snapshot
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AI Brief
Q3 FY26 earnings call · Aug 12, 2026TL;DR. Leslie's posted an 8.4% Q3 sales decline and a 31.7% drop in adjusted EBITDA on softer consumer demand, and withdrew its previously issued full-year sales and adjusted EBITDA guidance without updating it, while continuing to explore a potential deleveraging transaction with financial stakeholders.
- + Q3 net income rose $26.1 million year-over-year to $47.8 million, helped by a $17.5 million credit card interchange settlement gain.
- + SG&A improved 270 bps to 23.2% of sales on disciplined cost management and lower store operating costs.
- + Inventory fell 15% to $233.4 million, reflecting progress on inventory optimization.
- + Company has $207 million of total liquidity and is actively exploring strategic alternatives, including a deleveraging transaction, to strengthen the balance sheet.
- − Q3 sales fell 8.4% to $458.5 million with comparable sales down 6.2% on lower traffic and softer demand.
- − Q3 adjusted EBITDA dropped to $55.7 million from $81.6 million on volume and gross margin pressure.
- − Gross margin contracted to 36.5% from 39.6% on unfavorable mix and higher distribution costs.
- − Company withdrew its previously issued full-year fiscal 2026 sales and adjusted EBITDA guidance and is not providing an updated outlook.
- − Net long-term debt of $753 million and stockholders' deficit of $492.7 million underscore the balance sheet stress driving the strategic review.
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders SellIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
Earlier KPI extraction records exist, but do not meet the current evidence-completeness requirements. No current verified series is available. Earlier figures remain withheld until revalidated; this is not evidence that the company reports no KPIs.
Versus peers
Specialty Retail — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
LESL
this stock
Leslie's, Inc.
|
$5.36M | -65.3% | -6.6% | — | 19.7% |
|
CASY
Caseys General Stores Inc
|
$27.98B | +36.8% | +10.2% | 39.5 | 3.1% |
|
WSM
Williams Sonoma Inc
|
$26.79B | +27.3% | +1.2% | 23.3 | 4.5% |
|
ULTA
Ulta Beauty, Inc.
|
$24.12B | -6.8% | +9.7% | 20.6 | 4.7% |
|
BBY
Best Buy Co Inc
|
$18.93B | +34.9% | +0.4% | 15.0 | 6.7% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionPerformance
Raw-price comparisons begin at the captured split on Sep 29, 2025; windows that need an earlier baseline remain unavailable.
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| LESL | +7.8% | -51.1% | -48.5% | +11.0% | -65.3% |
| SPY | +0.1% | -0.4% | +15.1% | +0.4% | +12.9% |
| vs SPY | +7.7% | -50.7% | -63.6% | +10.6% | -78.3% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.