Leslie's Inc Q3 sales miss; exploring strategic alternatives

Leslie's

12/08/2026 21:24

Overview
U.S. pool supplies retailer's fiscal Q3 sales fell 8.4%, missing analyst expectations
Company withdrew full-year outlook due to macroeconomic uncertainty
Leslie's is exploring strategic alternatives to improve financial flexibility

Outlook
Leslie's is withdrawing its prior full-year outlook and not updating it at this time
Company is exploring strategic alternatives to increase financial flexibility
Leslie's says macroenvironment remains challenging, impacting consumer behavior

Result Drivers
MACROECONOMIC SOFTNESS - Co said a challenging macroenvironment weighed on results
COST AND SUPPLY CHAIN ACTIONS - Co said it took action to right-size cost structure and supply chain in Q3
PRICING STRATEGY REALIGNMENT - Co cited ongoing efforts to refine pricing strategy, with positive customer feedback

Company press release: ID:nGNX1sPw8M

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales
Miss
$458.5 mln
$503.07 mln (3 Analysts)
Q3 Adjusted EPS
Miss
$3.96
$5.34 (1 Analyst)
Q3 EPS
 
$5.01
 
Q3 Adjusted Net Income
Miss
$37.80 mln
$50 mln (1 Analyst)
Q3 Net Income
 
$47.80 mln
 
Q3 Adjusted EBITDA
Miss
$55.70 mln
$82.33 mln (2 Analysts)

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 3 "hold" and no "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 $3.00, about 125.6% above its August 11 closing price of $1.33

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Aug 11 - Smithfield Foods trims full-year forecasts as consumers rein in spending

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)