LESL

EX-99.1

2 lesl-ex99_1.htm

EX-99.1

EX-99.1

Exhibit 99.1

Leslie’s, Inc. Announces Second Quarter 2026 Financial Results

Sales increase of 4.3% and Comparable sales increase of 6.6%

Achieved 8% customer count growth year-over-year

Company reiterates full year guidance

PHOENIX – May 13, 2026 – Leslie’s, Inc. (NASDAQ: LESL), the largest and most trusted direct-to-customer brand in the U.S. pool and spa care industry serving residential customers and pool professionals nationwide, today announced its financial results for the fiscal second quarter 2026.

“Our comprehensive transformation plan delivered measurable results in the second quarter as we position Leslie’s for sustainable profitable growth. Second quarter performance demonstrated the effectiveness of our strategic initiatives, with revenue growth of 4.3%, comparable sales increase of 6.6% and total customer count growth of 8% year-over-year. The early success of our ‘Price Drop’ initiative, launched in March, drove strong transaction growth and customer engagement in the quarter. Importantly, we have funded our price investments through controlled spending and successful cost optimization efforts supporting gross margin expansion in the quarter.” said Jason McDonell, Chief Executive Officer.

McDonell added, “We’re fundamentally reimagining how Leslie’s serves customers while creating a more efficient business model. The ‘Price Drop’ initiative, the targeted marketing and our consultative in-store approach is resonating with customers. Leslie’s is growing our active customer file by re-activating lapsed customers and attracting new customers.”

Fiscal Second Quarter Ended April 4, 2026 Results

• Sales were $184.7 million, an increase of 4.3% compared to $177.1 million in the prior year period. Comparable sales increased 6.6%.

• Gross profit was $53.3 million, an increase of 21.4% compared to $43.9 million in the prior year period. Gross margin increased to 28.9% compared to 24.8% in the prior year period.

• Selling, general and administrative expenses (“SG&A”) were $92.2 million compared to $92.3 million in the prior year period. As a percentage of sales, SG&A decreased 220 basis points (“bps”).

• Non-cash impairment charge of $(1.2) million, comprised of non-cash lease gains due to lease terminations on stores that were closed and impaired during the first quarter of 2026. No impairment charges were recorded in the comparable prior year period.

• Net loss increased by $1.2 million to $52.5 million compared to $51.3 million in the prior year period.

• Adjusted net loss was $50.0 million compared to $48.3 million in the prior year period.

• Diluted loss per share was $5.63 compared to $5.54 in the prior year period. Adjusted diluted loss per share was $5.36 compared to $5.21 the prior year period.

• Adjusted EBITDA improved $9.2 million from $(36.1) million in the prior year period to $(26.8) million.

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Fiscal Six Months Ended April 4, 2026 Results

• Sales were $331.9 million, a decrease of 5.8% compared to $352.4 million in the prior year period. Comparable sales decreased 4.5%.

• Gross profit was $80.4 million, a decrease of 12.3% compared to $91.7 million in the prior year period. Gross margin decreased to 24.2% from 26.0% in the prior year.

• SG&A decreased $1.9 million to $177.9 million compared to $179.7 million in the prior year. As a percentage of sales, SG&A increased 259 bps.

• Non-cash impairment charge of $9.0 million, comprised of asset write-offs related to the closure of 80 underperforming stores and one distribution center. No impairment charges were recorded in the comparable prior year period.

• Net loss was $135.5 million compared to $95.9 million in the prior year.

• Adjusted net loss was $117.5 million compared to $91.2 million in the prior year period.

• Diluted loss per share was $14.55 compared to $10.36 in the prior year. Adjusted diluted loss per share was $12.62 compared to $9.86 in the prior year.

• Adjusted EBITDA was $(67.1) million compared to $(65.4) million in the prior year.

Balance Sheet Highlights

• Capital expenditures totaled $9.5 million in the period ended April 4, 2026 compared to $11.2 million in the period ended March 29, 2025.

• Cash and cash equivalents totaled $16.9 million as of April 4, 2026, a decrease of $0.4 million, compared to $17.3 million as of March 29, 2025.

• Inventories totaled $262.4 million as of April 4, 2026, a decrease of $72.7 million or 21.7%, compared to $335.1 million as of March 29, 2025.

• Total liquidity of $97.1 million from cash on-hand and borrowings available under the credit facility.

Full Year Fiscal 2026 Expectations

The company reiterated its outlook for the full year fiscal 2026.

As is typical of our business, we anticipate generating the majority of our sales and earnings during the second half of the year driven by the seasonal nature of our industry. The guide provided is for the 52-week period of Fiscal Year 2026 and includes the impact on

8-K

false0001821806Leslie's, Inc.00018218062026-02-172026-02-17

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): February 17, 2026

LESLIE’S, INC.

(Exact name of Registrant as Specified in Its Charter)

Delaware

001-39667

20-8397425

(State or Other Jurisdiction of Incorporation)

(Commission File Number)

(IRS Employer Identification No.)

2005 East Indian School Road

Phoenix, Arizona

85016

(Address of Principal Executive Offices)

(Zip Code)

Registrant’s Telephone Number, Including Area Code: (602) 366-3999

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common stock, par value $0.001 per share

LESL

The Nasdaq Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition. On February 17, 2026 Leslie’s, Inc. (the “Company”) issued a press release announcing its financial results for the first quarter ended January 3, 2026. A copy of the press release is furnished as Exhibit 99.1 to this report.

The information under Item 2.02 of this report, including Exhibit 99.1 hereto, shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section or Sections 11 and 12(a)(2) of the Securities Act of 1933, as amended. The information and the accompanying exhibit shall not be deemed to be incorporated by reference into filings with the U.S. Securities and Exchange Commission made by the Company, except as shall be expressly set forth by specific reference in such filing.

Item 9.01 Financial Statements and Exhibits. (d) Exhibits.

Exhibit No.

Description

99.1

Press Release of Leslie’s, Inc., dated February 17, 2026

104

Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

LESLIE’S, INC.

By:

/s/ Jeff White

Name:

Jeff White

Title:

Chief Financial Officer and Treasurer (Principal Financial Officer and Principal Accounting Officer)

Date: February 17, 2026

8-K/A

0001821806trueLeslie's, Inc.00018218062025-12-022025-12-02

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K/A

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): December 02, 2025

LESLIE’S, INC.

(Exact name of Registrant as Specified in Its Charter)

Delaware

001-39667

20-8397425

(State or Other Jurisdiction of Incorporation)

(Commission File Number)

(IRS Employer Identification No.)

2005 East Indian School Road

Phoenix, Arizona

85016

(Address of Principal Executive Offices)

(Zip Code)

Registrant’s Telephone Number, Including Area Code: (602) 366-3999

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common stock, par value $0.001 per share

LESL

The Nasdaq Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition.

On December 2, 2025 Leslie’s, Inc. (the “Company”) issued a press release announcing its financial results for the fourth quarter and fiscal year ended October 4, 2025 and furnished the press release on a Current Report on Form 8-K (the “Original Form 8-K”). This Current Report on Form 8-K/A amends the Original Form 8-K solely for the purpose of correcting an immaterial error with respect to the Company’s calculation of basic and diluted loss per share and adjusted diluted loss per share for the year ended October 4, 2025, which should have been $(25.57) and $(4.71), but was incorrectly reported as $(25.51) and $(4.70), respectively, due to a clerical error. A copy of the press release, revised to reflect the correction of these errors, is furnished as Exhibit 99.1 to this report.

The information under Item 2.02 of this report, including Exhibit 99.1 hereto, shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section or Sections 11 and 12(a)(2) of the Securities Act of 1933, as amended. The information and the accompanying exhibit shall not be deemed to be incorporated by reference into filings with the U.S. Securities and Exchange Commission made by the Company, except as shall be expressly set forth by specific reference in such filing.

No other figures or information in the Original Form 8-K are impacted by this correction and no other changes are made to the Original Form 8-K.

Item 9.01 Financial Statements and Exhibits. (d) Exhibits.

Exhibit No.

Description

99.1

Press Release of Leslie’s, Inc., dated December 2, 2025 (as corrected)

104

Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

LESLIE’S, INC.

By:

/s/ Jeff White

Name:

Jeff White

Title:

Chief Financial Officer and Treasurer (Principal Financial Officer and Principal Accounting Officer)

Date: December 3, 2025