Leslie's drops after report co preparing Chapter 11

Leslie's

24/09/2026 21:07

** Swimming pool supplies retailer Leslie’s LESL.O shares fall 19% to about 34 cents in extended trading
** LESL preparing to file for chapter 11 bankruptcy as soon as next week after struggling with declining sales following a pandemic-induced boom, WSJ reports, citing people familiar with the matter
** Co expected to hand control to its lenders after struggling under heavy debt load and declining sales, report says
** Last month, LESL posted Q3 results below analysts estimates and withdrew its full-year outlook due to a challenging macro-environment
** As of Thursday's close, stock down nearly 80% YTD

(Reporting by Aatreyee Dasgupta in Bengaluru)
((Aatreyee.Dasgupta@thomsonreuters.com;))