Leslie's, Inc. filings document the company's pool and spa care retail business, operating results, public-company governance, and capital structure. Form 8-K reports cover quarterly financial results, strategic transformation disclosures, leadership and board changes, auditor changes, shareholder votes, Nasdaq listing compliance, and amendments affecting common stock.
Proxy materials describe director elections, executive compensation, auditor ratification, incentive-plan matters, and certificate-of-incorporation proposals. The filing record also documents completed capital-structure actions, including a reverse stock split and related changes to authorized shares, as well as internal-control disclosures tied to inventory and asset impairment processes.
Leslie’s, Inc. reported weak fiscal first-quarter 2026 results, with sales of $147.1 million, down 16.0% from $175.2 million a year earlier, and comparable sales down 15.5%. Gross profit fell to $27.1 million and gross margin dropped to 18.4% from 27.2%, pressured by lower chemical margins and $6.4 million of non-cash store-closure impairments.
The company recorded a net loss of $83.0 million versus $44.6 million in the prior-year quarter, including a total non-cash impairment charge of $10.1 million tied to closing 80 underperforming stores and one distribution center. Adjusted EBITDA was a loss of $40.3 million, worse than the prior-year loss of $29.3 million.
Leslie’s ended the quarter with cash of $3.6 million, inventory of $210.0 million (down 22.5% year over year), total liquidity of $128.3 million, and a stockholders’ deficit of $489.9 million. Despite the soft quarter, the company reiterated full-year 2026 guidance for sales of $1.10–$1.25 billion and adjusted EBITDA of $55–$75 million, highlighting a strategic pricing overhaul, cost optimization, and store closures as key elements of its ongoing transformation.
Ariel Investments, LLC reports beneficial ownership of 2,836,373 shares of Leslie's Inc common stock, representing 30.5% of the class as of 12/31/2025. Ariel has sole power to vote 2,760,461 shares and sole power to dispose of the full 2,836,373 shares.
The shares are held for Ariel’s adviser clients, who are entitled to dividends and sale proceeds. Ariel Fund, a series of Ariel Investment Trust, owns 2,243,775 Leslie’s shares, giving it an economic interest in more than 5% of the stock. Ariel certifies the holdings are in the ordinary course of business and not for the purpose of changing or influencing control of Leslie’s.
Leslie’s, Inc. is asking shareholders to vote at its virtual 2026 Annual Meeting on March 24, 2026. Key items include electing three Class II directors and one Class III director, ratifying Grant Thornton LLP as auditor for fiscal 2026, an advisory say‑on‑pay vote, and governance and incentive-plan changes.
Shareholders are asked to approve amendments to the Certificate of Incorporation to remove and replace supermajority voting requirements and to adopt an Amended and Restated 2020 Omnibus Incentive Plan. The Board highlights its largely independent, skills-diverse membership, ongoing sustainability focus, and continuing efforts to remediate previously disclosed internal control material weaknesses.
Leslie’s, Inc. is changing its independent auditor, appointing Grant Thornton LLP for the fiscal year ending October 3, 2026 and dismissing Ernst & Young LLP after EY completes its review of the quarter ended January 3, 2026. EY’s audit opinions on the company’s 2024 and 2025 consolidated financial statements were clean, but EY issued adverse opinions on internal control over financial reporting for both years due to material weaknesses in inventory, vendor rebate, and asset impairment processes. The company reports no disagreements with EY on accounting or auditing matters and states there were no other reportable events beyond the disclosed control weaknesses. Leslie’s has authorized EY to fully brief Grant Thornton on these issues, and EY’s confirming letter is filed as an exhibit.
Leslie's, Inc. officer Benjamin Lindquist, SVP, General Counsel and Corporate Secretary, reported a small equity award vesting and related share adjustment. On January 27, 2026, 19 Restricted Stock Units converted into 19 shares of common stock at an exercise price of $0.
The filing shows 7 of those common shares were disposed of at $1.72 in a transaction coded “F,” indicating shares withheld to cover taxes, leaving 1,533 common shares held directly. Lindquist also holds 8,605 RSUs after the transaction.
A footnote states total holdings were adjusted due to an inadvertent underreporting of 191 common shares in a prior Form 4 filed on December 9, 2025.
Leslie’s, Inc. is asking shareholders to vote at its virtual 2026 Annual Meeting on March 24, 2026. The proxy covers elections of three Class II directors and one Class III director, ratification of Ernst & Young LLP as auditor for the year ending October 3, 2026, a non-binding advisory vote on executive pay, amendments to the Certificate of Incorporation to remove and replace supermajority voting requirements, and adoption of an Amended and Restated 2020 Omnibus Incentive Plan. The Board recommends voting FOR all five proposals.
The filing highlights Leslie’s position as a leading U.S. pool and spa care retailer with about 950 locations and a strong omnichannel model. It emphasizes sustainability, safety, community engagement, and a structured human capital program, including engagement surveys and leadership development. Governance disclosures describe an independent chair, fully independent key committees, director skills and diversity, shareholder engagement practices, and director compensation and stock ownership guidelines. The Audit Committee also summarizes ongoing remediation of previously disclosed material weaknesses in internal control over financial reporting.
Leslie's, Inc. director John R. Hartmann filed an initial ownership report stating that he does not beneficially own any Leslie's common stock. The Form 3 identifies him as a director and confirms that both the non-derivative and derivative securities tables are empty, with an explicit note that no securities are beneficially owned.
Leslie’s, Inc. reported that its Board of Directors increased in size from eight to nine members and appointed John Hartmann as a Class III director, effective January 7, 2026. He will stand for election at the company’s 2026 Annual Meeting of Shareholders and has not yet been assigned to any board committee.
Hartmann will receive compensation consistent with other non-employee directors under the company’s standard board compensation program. The company states there are no arrangements with other parties related to his selection and no material related-party transactions requiring disclosure. Hartmann brings nearly 25 years of retail leadership experience, including prior roles as Chief Operating Officer of Bed Bath & Beyond, President of its $1.2 billion buybuy Baby division, and President & Chief Executive Officer of True Value Company, as well as multiple public and private board positions.
Leslie’s, Inc. operates in the $15 billion U.S. pool and spa aftermarket as the largest direct‑to‑consumer brand, with over 1,000 locations and integrated e‑commerce and mobile channels. The company focuses on mostly non‑discretionary, recurring products such as chemicals, parts, and maintenance equipment, plus installation, repair, and water‑testing services under proprietary programs like AccuBlue® and Pool Perks®.
Leslie’s emphasizes a vertically integrated model, including manufacturing and distribution, and targets residential pool, spa, and professional customers using data‑driven marketing and loyalty programs. As of March 28, 2025, non‑affiliate shareholders held common stock valued at about $153.3 million, and 9,290,311 shares were outstanding as of December 5, 2025. The report outlines extensive risk factors, including seasonality, competition, macroeconomic pressures, supply chain and labor challenges, technology and cybersecurity risks, and substantial indebtedness.