These Analysts Slash Their Forecasts On Leslie's After Q4 Results

Core Insights - Leslie's, Inc. reported mixed fourth-quarter financial results, with earnings of $0.09 per share, significantly below the analyst consensus estimate of $1.29 per share, while quarterly sales of $389.206 million exceeded the consensus estimate of $370.635 million [1] - The company anticipates FY2026 sales between $1.100 billion and $1.250 billion, which is lower than market estimates of $1.219 billion [1] Financial Performance - Fourth-quarter sales and adjusted EBITDA were above the high end of previously established guidance [2] - The company plans to close 80-90 underperforming stores and one distribution center to improve operations and financial recovery [2] - Leslie's aims to reduce inventory by 10% year over year and achieve direct cost reductions of $7 million to $12 million, which will be reinvested into customer price value [2] Market Reaction - Following the earnings announcement, Leslie's shares fell by 14.3%, trading at $3.07 [2] - Analysts have adjusted their price targets for Leslie's stock, with Baird lowering it from $6.5 to $3 and Mizuho from $5 to $4, both maintaining a Neutral rating [5]