Leslie’s Q4 Sales Fall 16% to $147.1M, Loss Widens to $5.24 Per Share
Leslie’s shares plunged 11.2% after reporting Q4 2025 sales declined 16% year-over-year to $147.1 million versus a $158 million estimate, with an adjusted loss of $5.24 per share versus a $4.24 forecast. Gross margin narrowed to 18.4% from 27.2%, same-store sales slid 15.5% and total stores fell to 950.
1. Q4 2025 Financial Results
Leslie’s reported Q4 2025 revenue of $147.1 million, down 16% year-over-year, missing the $158 million consensus. The retailer posted an adjusted loss of $5.24 per share versus expectations for a $4.24 loss, reflecting deepening financial challenges.
2. Operational Performance
Gross margin contracted to 18.4% from 27.2% in Q4 2024, driven by higher costs and pricing pressures. Same-store sales plunged 15.5% and total store count declined to 950 from 1,021, highlighting weakened consumer demand and strategic retrenchment.
3. Market Reaction
Shares fell 11.2% in afternoon trading, marking one of the largest single-day drops for Leslie’s this year. The steep decline underscores heightened volatility, with the stock down over 40% year-to-date and trading near record lows relative to its February 2025 peak.