Leslie's Q1 sales miss analyst expectations

Leslies

17/02/2026 21:22

Overview

U.S. pool care brand's fiscal Q1 sales fell 16%, missing analyst expectations

Adjusted EPS for fiscal Q1 missed analyst expectations

Company closed 80 underperforming stores, incurring significant non-cash impairment charges

Outlook

Leslie's reiterates full-year fiscal 2026 sales guidance of $1,100 mln to $1,250 mln

Company expects full-year adjusted EBITDA between $55 mln and $75 mln

Leslie's anticipates capital expenditures of $20 mln to $25 mln for fiscal 2026

Result Drivers

STORE CLOSURES - Closure of 80 underperforming stores and one distribution center led to significant non-cash impairment charges

INVENTORY EFFICIENCY - Improved inventory efficiency with a 23% reduction year-over-year

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Miss
$147.10 mln
$158.48 mln (4 Analysts)
Q1 Adjusted EPS
Miss
-$5.24
-$4.27 (5 Analysts)
Q1 EPS
-$8.92
Q1 Adjusted Net Income
Miss
-$48.70 mln
-$39.90 mln (3 Analysts)
Q1 Net Income
-$83 mln
Q1 Adjusted EBITDA
Miss
-$40.30 mln
-$29.40 mln (4 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 4 "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 $3.38, about 201.3% above its February 13 closing price of $1.12

Press Release: ID:nGNXKjtzs

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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.)