Leslie's, Inc. reported fourth-quarter sales of $389.2 million, a decrease of 2.2% year-over-year, and a net loss of $(162.8) million, primarily driven by $183.8 million in impairment charges. However, adjusted EBITDA increased to $45.2 million, surpassing the high end of their guidance range. The company announced strategic store and distribution center optimizations, including the closure of 80-90 underperforming stores, to improve future profitability.
Fourth quarter sales were $389.2 million, a 2.2% decrease compared to the prior year.
The company reported a net loss of $(162.8) million, significantly impacted by $183.8 million in goodwill and asset impairment charges.
Adjusted EBITDA increased to $45.2 million, exceeding the high end of the company's guidance range.
Leslie's plans to close 80-90 underperforming stores and one distribution center to improve EBITDA for fiscal year 2026.
For Fiscal Year 2026, Leslie's anticipates sales between $1,100 million and $1,250 million and Adjusted EBITDA between $55 million and $75 million. The company expects to generate the majority of its sales and earnings in the second half of the year due to seasonality.
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