LESL News & Events

Reports Q1 revenue $147.13M, consensus $162.45M. Comparable sales decreased 15.5%. Jason McDonell, CEO, said, "Leslie's transformation journey is gaining momentum as we execute with precision and urgency. Our first quarter results met our expectations, and we've made meaningful optimization progress across stores, distribution, SKUs, and costs. While Q1 and Q2 historically represent approximately 25% of annual revenue, to start Q2, we are seeing encouraging momentum with positive comparable store sales in January. This, coupled with the progress we're making on our transformation initiatives, gives us conviction in delivering our full-year commitments."

Backs FY26 adjusted EBITDA view $55M-$75M. Backs FY26 capital expenditures view $20M-$25M. McDonell added, "As we move into the 2026 pool season, we are implementing a strategic pricing transformation, a fundamental shift to value pricing supported by our 'New Low Prices, Same Great Quality' campaign launching to coincide with pool season. This strategy positions our field organization to leverage our proprietary 10-point AccuBlue(R) water testing, enabling a consultative in-store approach that drives consumer engagement, conversion, basket size, and loyalty. Through renewed pricing and revitalized marketing, we are well positioned to grow our active customer file by re-engaging lapsed consumers and attracting new customers."