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Leslie’s, Inc. (LESL) Q1 2026 Earnings Call Transcript

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Q1: 2026-02-17 Earnings Summary

EPS of -$5.24 misses by $1.00

 | Revenue of $147.13M (-16.04% Y/Y) misses by $15.32M

Leslie’s, Inc. (LESL) Q1 2026 Earnings Call February 17, 2026 5:00 PM EST

Company Participants

Jason McDonell – CEO & Director
Jeffrey White – CFO & Treasurer

Conference Call Participants

Simeon Gutman – Morgan Stanley, Research Division
Jonathan Matuszewski – Jefferies LLC, Research Division

Presentation

Operator

Good afternoon, and welcome to the Fiscal First Quarter 2026 Earnings Conference Call for Leslie’s. [Operator Instructions] As a reminder, this conference call is being recorded and will be available for replay later today on the company’s website.

I would like to remind everyone that comments made today may include forward-looking statements, which are subject to significant risks and uncertainties that could cause the company’s actual results to differ materially from management’s current expectations. These statements speak as of today and will not be updated in the future if circumstances change.

Please review the cautionary statements and risk factors contained in the company’s earnings press release and recent filings with the SEC. During the call today, management will refer to certain non-GAAP financial measures. A reconciliation between the GAAP and non-GAAP financial measures can be found in the company’s earnings press release, which was furnished to the SEC today and posted to the Investor Relations section of Leslie’s website at ir.lesliespool.com. On the call today is Jason McDonell, Chief Executive Officer; and Jeff White, Chief Financial Officer.

With that, I will turn the call over to Jason.

Jason McDonell
CEO & Director

Good afternoon, and thank you for joining us today to discuss our first quarter fiscal 2026 results.

As we begin 2026, our unwavering commitment to become America’s one-stop shop for pool care drives every action we’re taking to position Leslie’s for a return to sustainable profitable growth. We see a clear opportunity as we execute our comprehensive transformation plan. We are working diligently to turn

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