Leslie's, Inc. (LESL) Form 8-K — Aug 12, 2026
Leslie's fiscal Q3 2026 sales fell 8.4% year over year to $458.5 million with comparable sales down 6.2%, while adjusted EBITDA dropped to $55.7 million from $81.6 million. Q3 GAAP net income rose to $47.8 million ($5.01 diluted EPS) from $21.7 million, but was boosted by a $17.5 million legal settlement gain, and nine-month results deteriorated to an $87.7 million net loss with negative adjusted EBITDA of $11.4 million.
Key figures
- Eps
- Q3 diluted $5.01 (adjusted $3.96) vs $2.34 prior year
- Revenue
- $458.5 million (Q3 FY2026)
- Guidance
- Full-year fiscal 2026 outlook withdrawn and not updated
- Net Income
- Q3 net income $47.8M (vs $21.7M prior year, includes $17.5M legal settlement gain); nine-month net loss $(87.7)M (vs $(74.2)M)
- Total Debt
- $753.4M long-term debt (net) plus $30.0M revolving credit facility draw
- Revenue Yoy
- -8.4%
- Total Assets
- $722.2 million
- Cash Position
- $45.9 million
- Shares Outstanding
- 9,365,475 as of July 4, 2026
- Capex YTD
- $10.5M
- Sales YTD
- $790.4M, -7.3% YoY
- Inventories
- $233.4M, down 14.6% YoY
- Gross Margin Q3
- 36.5% vs 39.6% prior year
- Ytd Impairment
- $8.3M tied to closure of 80 underperforming stores and one distribution center
- Total Liquidity
- $207.1M (cash plus available revolver borrowings)
- Adjusted EBITDAQ3
- $55.7M vs $81.6M prior year
- Adjusted EBITDAYTD
- $(11.4)M vs $16.2M prior year
- Comparable Sales Q3
- -6.2%
- Comparable Sales YTD
- -5.5%
- Legal Settlement Gain
- $17.5M net gain from credit card interchange fee litigation settlement (June 2026)
- Stockholders Deficit
- $(492.7)M
Price after filing
1 day: -41.7%7 days: -50.6%30 days: -62.0%
Close on the filing date to close N calendar days later (from $1.32). Historical, not a forecast.
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