Added to YB: 2026-09-07
Pitch date: 2026-09-03
LESL [bearish]
Leslie's, Inc.
Author Info
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Company Info
Leslie's, Inc. operates as a direct-to-consumer pool and spa care brand in the United States. The company markets and sells pool and spa supplies and related products and services.
Market Cap
$5.1M
Pitch Price
N/A
Price Target
N/A
Dividend
N/A
EV/EBITDA
6.57
P/E
-0.02
EV/Sales
0.83
Sector
Specialty Retail
Category
special_situation
Out of their depth - $LESL
LESL (earnings): Leslie’s Q3 deepened concerns that an out-of-court balance-sheet solution may be slipping away: sales fell 8%, same-store sales 6%, and adjusted EBITDA 32%, with 420 basis points of margin compression, prompting management to withdraw full-year guidance after reaffirming it midway through the quarter. With $757M of term debt trading near 20 cents on the dollar, S&P sees increased distressed-restructuring risk and a potential liquidity shortfall within six months absent operating improvement or external capital.
Read full article (4 min)