Leslie's, Inc. Q1 2026 Earnings Call Summary

Management is executing a comprehensive transformation plan focused on a new customer value proposition and rightsizing operations through cost optimization. A net loss of 160,000 residential customers in fiscal 2025 was attributed to pricing that was out of step with the market, leading to a strategic shift toward everyday value. The company is moving from a high-low promotional model to a national pricing transformation on key value items to drive traffic, conversion, and loyalty. Operational effi ...