Leslie’s, Inc. Appoints Jeff White as CFO and Treasurer
Leadership Change: Leslie’s, Inc. has appointed Jeff White as the new chief financial officer and treasurer, effective October 5, 2025, succeeding Tony Iskander, who resigned for personal reasons.
Experience and Expectations: Jeff White brings extensive financial leadership experience, having previously served as CFO at Sportsman’s Warehouse, and is expected to enhance Leslie’s financial strategy and operational efficiency.
Transition Support: Tony Iskander will remain with Leslie’s in an advisory role until January 3, 2026, to ensure a smooth transition during this leadership change.
Company Overview: Founded in 1963, Leslie’s is the largest direct-to-customer brand in the U.S. pool and spa care industry, operating over 1,000 locations and a robust digital platform to serve residential and professional customers.
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- Earnings Announcement Date: Sportsman's Warehouse (SPWH) is set to release its Q4 earnings on March 31st after market close, with consensus EPS estimate at -$0.10, reflecting a staggering 350% year-over-year decline, while revenue is projected at $334.88 million, down 1.6% year-over-year, indicating significant challenges ahead for the company.
- Historical Performance Review: Over the past two years, Sportsman's Warehouse has beaten EPS estimates 63% of the time and revenue estimates 75% of the time, demonstrating a degree of resilience in financial performance despite current downward pressures.
- Expectation Revision Dynamics: In the last three months, EPS estimates have seen four upward revisions and no downward adjustments, while revenue estimates experienced three upward revisions and one downward, indicating analysts' growing confidence in the company's future performance, even as overall expectations remain weak.
- Market Reaction: The stock price of Sportsman's Warehouse has surged significantly in Q4 due to strong firearm sales, reflecting market optimism regarding its financial results, which may influence investor decisions moving forward.
- Earnings Release Date: Sportsman's Warehouse Holdings is set to release its Q4 earnings on March 31, with investors keenly awaiting performance metrics to assess the company's future growth potential.
- Expected Loss: Analysts forecast a quarterly loss of 10 cents per share, indicating challenges the company faces in the current market environment, which may negatively impact stock prices.
- Revenue Estimate: The anticipated revenue for Q4 stands at $334.88 million, which, despite the expected loss, reflects a degree of sales stability that could lay the groundwork for future recovery.
- Market Reaction: Investors should closely monitor market reactions following the earnings release, particularly how the company addresses its current financial challenges and outlines future growth strategies.
- Strong Sales Performance: Sportsman's Warehouse reported approximately $334.9 million in net sales for Q4, demonstrating robust demand and a stable customer base in the market compared to the previous year.
- Same-Store Sales Growth: Same-store sales reached approximately $333.6 million, indicating continued strong performance in existing stores and reflecting consumer loyalty and recognition of the company's products.
- Adjusted EBITDA Results: The company achieved an adjusted EBITDA of approximately $9.6 million, showcasing a degree of profitability despite increased promotional pressures, which highlights effective cost control measures by management.
- Cautious Full-Year Outlook: Sportsman's Warehouse anticipates full-year EBITDA between $22 million and $26 million, reflecting a cautious stance towards future market conditions, particularly in light of heightened promotional activities.
- Strong Sales Performance: Sportsman's Warehouse anticipates Q4 net sales of approximately $334.9 million and same-store sales of about $333.6 million, with adjusted EBITDA around $9.6 million, exceeding market expectations and demonstrating robust sales momentum in a competitive landscape.
- Market Share Gains: Although sales started softer in November and early December, the company experienced a sales acceleration in mid-Q4, particularly in the hunting and shooting sports category, outperforming adjusted NICS background check data, indicating market share gains in the firearms sector.
- Store Closure Plans: Following a review, Sportsman's Warehouse has identified about five underperforming stores for potential closure to enhance overall profitability, expecting impairment charges for FY25 primarily related to leasehold improvements and operating lease assets.
- Stock Price Surge: Shares of Sportsman's Warehouse rose 16.5% to $1.34 in trading, reflecting positive investor sentiment towards the company's performance, with the stock price fluctuating between $0.92 and $4.33 over the past 52 weeks, indicating market confidence in its future growth.

Impairment Charges: Sportsman's Warehouse Holdings Inc. is expected to incur impairment charges in the fourth quarter.
Sales Impact: These impairment charges will not affect the company's net sales or adjusted EBITDA for fiscal year 2025.
Company Overview: Sportsman's Warehouse Holdings Inc. is a retail company specializing in outdoor sporting goods.
Sales Expectations: The company anticipates net sales of approximately $334.9 million for the fourth quarter.







