Leslie's, Inc. announced its financial results for the fiscal fourth quarter and fiscal year 2025.
The company exceeded the high end of its guided range in fourth-quarter sales and adjusted EBITDA.
Plans for store and DC optimization include the closure of 80 to 90 underperforming stores and one distribution center.
Strong Financial Performance
Fourth-quarter sales and adjusted EBITDA exceeded the high end of the guided range.
Operational Optimization
Closure of underperforming stores and DC to yield immediate EBITDA improvement for FY26.
Liquidity Position
Available liquidity of approximately $168 million with no borrowings under ABL.
Inventory Efficiency
Achieved ~10% year-over-year reduction in inventory, enhancing operational effectiveness.
Strategic Transformation Plan
Focus on cost base reduction, inventory optimization, and stakeholder confidence rebuilding.
- Leslie's reported mixed results for the fiscal fourth quarter and fiscal year 2025.
- While sales decreased, gross profit increased, and adjusted EBITDA showed growth.
- The closure of underperforming stores is expected to drive immediate EBITDA improvement for fiscal year 2026.
Leslie's emphasis on operational efficiency and strategic transformations demonstrates its commitment to financial recovery and stakeholder confidence.