Leslie's, Inc. announced its financial results for the fiscal fourth quarter and fiscal year 2025.
They exceeded the high end of the guided range for fourth quarter sales and adjusted EBITDA.
The company revealed plans for store and distribution center optimization to improve operations and financial performance.
Financial Performance
Fourth quarter sales and adjusted EBITDA exceeded guided range.
Store Optimization
Closure of 80-90 underperforming stores and one distribution center for immediate EBITDA improvement.
Liquidity Position
Approximately $168 million in available liquidity with no borrowings under ABL.
Inventory Efficiency
Achieved a ~10% year-over-year reduction in inventory.
- The company is focused on strengthening its balance sheet and rebuilding stakeholder confidence.
- Strategic transformation plan includes optimizing cost structures and reducing inventory levels.
- Immediate EBITDA improvement expected from store closures and distribution center optimization.
Leslie's, Inc. is taking strategic steps to improve operations and financial performance through store closures, cost reduction, and inventory efficiency enhancements.