Corrects to remove reference to guidance in headline; changes adjusted EPS figure in Key Details table to $0.09, from -$0.09 and removes estimates
Overview
Leslie's Q4 sales beat high-end of its guidance despite a 2.2% yr/yr decline
Company to close 80-90 underperforming stores and one distribution center
Outlook
Leslie's expects fiscal 2026 sales between $1.1 bln and $1.25 bln
Company projects fiscal 2026 adjusted EBITDA between $55 mln and $75 mln
Capital expenditures for fiscal 2026 are projected to be $20 mln to $25 mln
Result Drivers
STORE OPTIMIZATION - Closure of 80-90 underperforming stores and one distribution center to improve EBITDA
INVENTORY REDUCTION - Improved inventory efficiency with ~10% year-over-year reduction
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Sales | $389.2 mln | ||
Q4 Adjusted EPS | $0.09 | ||
Q4 EPS | -$17.54 | ||
Q4 Adjusted Net Income | $800,000 | ||
Q4 Net Income | -$162.8 mln | ||
Q4 Adjusted EBITDA | $45.2 mln |
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 6 "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 $6.55, about 55% above its December 1 closing price of $2.95
Press Release: ID:nGNXKYGnD
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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.)