Core Insights - Leslie's, Inc. reported financial results for the first quarter of fiscal 2025, highlighting a focus on customer-centric transformation and strategic initiatives aimed at improving performance [2][5][6]. Financial Performance - Sales reached 175million,anincreaseof0.7174 million in the prior year [5][6]. - The company experienced a net loss of 44.6million,comparedtoalossof39.6 million in the prior year [6][25]. - Adjusted EBITDA was (29.3)million,reflectingtransformationalexpensesandatthelowerendofguidance[5][6].−Dilutedearningspersharewere(0.24), compared to (0.21)intheprioryear[6][25].OperationalHighlights−Comparablestoresalesincreasedby0.247.7 million, a decrease of 5.4% from 50.4millionintheprioryear,withagrossmarginof27.287.4 million, slightly up from 86.9millionintheprioryear[6][25].BalanceSheetandCashFlow−Cashandcashequivalentstotaled11.6 million, an increase of 3.2millionfrom8.4 million as of December 30, 2023 [4][11]. - Inventories decreased by 18.8% to 271.1millioncomparedto334 million in the prior year [11][29]. - Funded debt was 796.7million,downfrom825.7 million as of December 30, 2023 [11][29]. Future Outlook - For the second quarter of fiscal 2025, the company expects sales between 179millionand189 million, with a net loss projected between (47)millionand(44) million [7]. - The full year outlook anticipates sales of 1,304millionto1,370 million, with an expected net loss ranging from (10)millionto5 million [8].