Pool supplies retailer Leslie's Q4 sales beat guidance despite 2.2% decline

Leslies

02/12/2025 21:25

Corrects to remove reference to guidance in headline; changes adjusted EPS figure in Key Details table to $0.09, from -$0.09 and removes estimates

Overview

Leslie's Q4 sales beat high-end of its guidance despite a 2.2% yr/yr decline

Company to close 80-90 underperforming stores and one distribution center

Outlook

Leslie's expects fiscal 2026 sales between $1.1 bln and $1.25 bln

Company projects fiscal 2026 adjusted EBITDA between $55 mln and $75 mln

Capital expenditures for fiscal 2026 are projected to be $20 mln to $25 mln

Result Drivers

STORE OPTIMIZATION - Closure of 80-90 underperforming stores and one distribution center to improve EBITDA

INVENTORY REDUCTION - Improved inventory efficiency with ~10% year-over-year reduction

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Sales
$389.2 mln
Q4 Adjusted EPS
$0.09
Q4 EPS
-$17.54
Q4 Adjusted Net Income
$800,000
Q4 Net Income
-$162.8 mln
Q4 Adjusted EBITDA
$45.2 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 6 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the miscellaneous specialty retailers peer group is "buy"

Wall Street's median 12-month price target for Leslie's Inc is $6.55, about 55% above its December 1 closing price of $2.95

Press Release: ID:nGNXKYGnD

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)