LESLIE'S ALERT: Bragar Eagel & Squire, P.C. is Investigating Leslie's, Inc. on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm

Core Viewpoint - Bragar Eagel & Squire, P.C. is investigating potential claims against Leslie's, Inc. due to a class action complaint alleging breaches of fiduciary duties by the board of directors during a specified class period [1] Group 1: Allegations and Class Action Details - The class action alleges that Leslie's misled investors by failing to disclose that its growth was driven by customers over-purchasing products, which inflated revenues and earnings without indicating sustainable demand [2] - It is claimed that the company prolonged inflated customer demand by warning customers about potential future shortages of chemicals, and that any sales slowdown was due to prior excess stockpiling rather than normal seasonal trends [2] Group 2: Financial Impact and Stock Performance - On July 13, 2023, Leslie's announced disappointing preliminary results for its fiscal third quarter, reporting a 9% year-over-year sales decline and a reduction in fiscal 2023 guidance, which shocked analysts and led to multiple downgrades [3] - Following the announcement, Leslie's stock price fell over 29%, from $9.52 per share on July 13, 2023, to $6.70 per share on July 14, 2023, and continued to decline by another $1.24 per share, or over 18%, closing at $5.46 per share on July 17, 2023 [3]