Leslie’s FY26 Q3 net income rises to $47.8 million; net sales drop 8.4% to $458.5 million year over year
LESL•FY26 Q3 results
- Leslie’s fiscal Q3 net sales fell 8.4% to $458.5 million, with comparable sales down 6.2%.
- GAAP net income rose to $47.8 million, while GAAP diluted EPS more than doubled to $5.01.
- GAAP gross margin slipped 310 basis points to 36.5%, while adjusted EBITDA dropped 31.72% to $55.7 million.
Outlook and strategic alternatives
- Management said it is exploring strategic alternatives with financial stakeholders, including a potential deleveraging transaction and financing.
- Leslie’s withdrew its prior full-year fiscal 2026 outlook, citing macroeconomic softness and uncertainty around consumer behavior.
