$LESL

Leslie's, Inc.

No enriched coverage for $LESL in the last 7 days.

No SEC Form 4 filings for $LESL in the last 30 days.

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S&P cuts Leslie’s rating on restructuring risk

S&P downgraded Leslie’s Poolmart Inc. to 'CCC-' from 'CCC', citing restructuring risks. The company may pursue distressed debt restructuring before its $756M term loan matures in 2027. Leslie’s revenue fell 8.4% YoY in Q3 2026, and it withdrew its 2026 guidance. The company has $207M in liquidity and expects a $19M free cash flow deficit for the year. S&P projects further downgrades if a distressed transaction occurs.

Why Leslie's (LESL) Stock Is Falling Today

Leslie’s (NASDAQ:LESL) shares fell 42.2% after the company reported weak fiscal Q3 2026 results and withdrew full-year guidance. Revenue declined 8.4% to $458.5 million and adjusted EPS was $3.96 versus $5.06 expected. Management cited going-concern risk due to $786.7 million long-term debt and $45.9 million cash, and said it is exploring strategic alternatives.

Why Leslie's (LESL) Stock Is Falling Today

Leslie’s (NASDAQ: LESL) shares fell 42.2% after the pool and spa retailer reported weak fiscal Q3 2026 results, withdrew full-year guidance, and said there is substantial doubt it can continue as a going concern. Revenue fell 8.4% to $458.5M; adjusted EPS was $3.96 vs $5.06 consensus. Long-term debt was $786.7M vs cash $45.9M.

LESL sentiment & insider activity

Recent LESL coverage spans earnings, corporate actions and financial news.

What's driving LESL

  • Rating downgrade and guidance withdrawal signal heightened credit risk and likely pressure on the stock.

    investing.com · Aug 21, 2026

  • The guidance withdrawal plus going-concern language materially increases balance-sheet and refinancing risk, likely keeping downside pressure elevated.

    yahoo.com · Aug 16, 2026

  • The guidance withdrawal plus going-concern doubt materially increases balance-sheet and refinancing risk, likely keeping downside pressure until clarity emerges.

    financialcontent.com · Aug 13, 2026

  • Guidance withdrawal plus margin compression and exploration of strategic alternatives raises near-term earnings and liquidity risk, likely keeping downside pressure.

    investing.com · Aug 13, 2026

  • Earnings miss plus weaker store metrics (locations down, same-store sales down) likely drives a negative repricing and raises near-term demand/earnings risk.

    yahoo.com · Aug 12, 2026

alphai scores every news story that mentions LESL with an AI model for sentiment and relevance, and aggregates insider trades from Leslie's, Inc.'s SEC EDGAR Form 4 filings. Figures refresh continuously.

News on $LESL

Score
$LESLMed

S&P cuts Leslie’s rating on restructuring risk

S&P downgraded Leslie’s Poolmart Inc. to 'CCC-' from 'CCC', citing restructuring risks. The company may pursue distressed debt restructuring before its $756M term loan matures in 2027. Leslie’s revenue fell 8.4% YoY in Q3 2026, and it withdrew its 2026 guidance. The company has $207M in liquidity and expects a $19M free cash flow deficit for the year. S&P projects further downgrades if a distressed transaction occurs.

$LESLHighAI 9/10

Why Leslie's (LESL) Stock Is Falling Today

Leslie’s (NASDAQ:LESL) shares fell 42.2% after the company reported weak fiscal Q3 2026 results and withdrew full-year guidance. Revenue declined 8.4% to $458.5 million and adjusted EPS was $3.96 versus $5.06 expected. Management cited going-concern risk due to $786.7 million long-term debt and $45.9 million cash, and said it is exploring strategic alternatives.

$LESLHighAI 9/10

Why Leslie's (LESL) Stock Is Falling Today

Leslie’s (NASDAQ: LESL) shares fell 42.2% after the pool and spa retailer reported weak fiscal Q3 2026 results, withdrew full-year guidance, and said there is substantial doubt it can continue as a going concern. Revenue fell 8.4% to $458.5M; adjusted EPS was $3.96 vs $5.06 consensus. Long-term debt was $786.7M vs cash $45.9M.

$LESLHighAI 9/10

Why is Leslie’s stock plunging today?

Leslie’s (LESL) shares fell 43.2% pre-open to $0.75 after fiscal Q3 2026 results missed expectations and the company withdrew full-year 2026 guidance. Revenue was $458.5M (-8.4% YoY) and adjusted EPS was $3.96 vs $5.06 expected. Gross margin fell to 36.5%. Leslie’s is exploring strategic alternatives and reported a wider nine-month net loss of $87.7M.

$LESLHigh

Leslie's, Inc. (LESL): Results of Operations and Financial Condition

Leslie's, Inc. (LESL) filed an SEC Form 8-K — Results of Operations and Financial Condition. Exhibit 99.1 Leslie’s, Inc. Announces Third Quarter 2026 Financial Results PHOENIX – August 12, 2026 – Leslie’s, Inc. (NASDAQ: LESL), the largest and most trusted direct-to-customer brand in the U.S. pool and spa care industry serving residential customers and pool professionals

$LESLMed

After 80 stores close, 63-year-old chain gives Chapter 11 warning

Leslie's Poolmart Inc. is reportedly considering restructuring options, including a possible Chapter 11 filing, after closing 80 stores. Bloomberg cited sources saying a $756 million term loan due 2028 trades around 39 cents on the dollar and no final decision has been made. S&P Global Ratings downgraded its issuer credit rating from B to B-.

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