Quarterly ResultMay 13, 2026, 04:52 PM
Leslie's Q2 Net Loss $(52.5)M; Six-Month Loss $(135.5)M Amid Restructuring
AI Summary
Leslie's, Inc. reported a net loss of $(52.5) million for the three months ended April 4, 2026, on sales of $184.7 million. For the six months, the net loss widened to $(135.5) million, and sales decreased to $331.9 million. The company is undergoing a strategic restructuring plan, closing 80 underperforming stores and one distribution center, which resulted in $18.0 million in charges for the six-month period. A 1-for-20 reverse stock split was also effected in September 2025.
Key Highlights
- Q2 2026 net loss was $(52.5) million, compared to $(51.3) million in Q2 2025.
- Q2 2026 sales increased to $184.7 million from $177.1 million in Q2 2025.
- Six-month net loss widened to $(135.5) million from $(95.9) million year-over-year.
- Six-month sales decreased to $331.9 million from $352.4 million year-over-year.
- Basic loss per share for six months was $(14.55) vs. $(10.36) in prior year.
- Restructuring charges of $18.0 million incurred for closing 80 stores and one distribution center.
- Cash and cash equivalents decreased to $16.9 million from $64.3 million since October 2025.
- A 1-for-20 reverse stock split was effective September 26, 2025.