These Analysts Slash Their Forecasts On Leslie's After Q4 Results - Leslies (NASDAQ:LESL)

Core Viewpoint - Leslie's, Inc. reported mixed financial results for the fourth quarter, with earnings significantly below analyst expectations but sales exceeding estimates [1][2]. Financial Performance - The company reported quarterly earnings of $0.09 per share, compared to the analyst consensus estimate of $1.29 per share [1]. - Quarterly sales reached $389.206 million, surpassing the analyst consensus estimate of $370.635 million [1]. Future Outlook - Leslie's projects FY2026 sales between $1.100 billion and $1.250 billion, which is below market estimates of $1.219 billion [1]. Operational Changes - The CEO announced the closure of 80-90 underperforming stores and one distribution center to improve operations and financial recovery [2]. - The company 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 value [2]. Stock Performance - Following the earnings announcement, Leslie's shares fell by 14.3%, trading at $3.07 [2]. Analyst Ratings - Baird analyst Peter Benedict maintained a Neutral rating on Leslie's and lowered the price target from $6.50 to $3 [5]. - Mizuho analyst David Bellinger also maintained a Neutral rating, cutting the price target from $5 to $4 [5].