Short answer
Leslie's Inc (LESL) filed its Q3 2026 10-Q quarterly report on Aug 12, 2026 for the quarter ended Jul 4, 2026. Quarterly revenue was $458M (down 8.4% year over year) with net income of $48M.
Q3 2026 key financials · XBRL
- Revenue
- $458M
- −8.4% YoY · +148.2% QoQ
- Net income
- $48M
- +119.9% YoY · +191.0% QoQ
- Operating margin
- 13.4%
- Gross margin
- 36.5%
- EPS (diluted)
- $5.15
- +4191.7% YoY · +191.5% QoQ
Source: XBRL data from the Leslie's Inc (LESL) Q3 2026 10-Q on SEC EDGAR. USD.
Leslie's Inc Q3 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $458.5M, down 8.4% YoY from $500.3M, driven by slower summer pool season and store closures
- Gross margin 36.5% vs 39.6% YoY, with gross profit down 15.5% to $167.1M
- Operating margin 13.4% vs 13.7% YoY, while Adjusted EBITDA margin fell to 12.1% from 16.3%
- Comparable sales declined 6.2%, reflecting retail softness and lower high-margin product mix
- $17.5M legal settlement gain supported quarterly net income of $47.8M vs $21.7M YoY
Risk Factors
- New risk trigger: Nasdaq delisting notice after 30 consecutive business days below $15 million MVPHS, compliance regained May 29, 2026
- Going-concern risk intensified by strategic-alternatives exploration and substantial doubt despite management plans
- Debt maturity risk: $786.7 million borrowings, Term Loan maturity March 9, 2028, refinancing or restructuring expected
- Credit risk: rating downgraded to CCC from CCC+, potentially increasing borrowing costs and restricting financing access
- Operational risk: approximately 80 to 90 underperforming U.S. locations targeted for closure by end of first fiscal quarter 2026
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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