Leslies | 8-K: FY2025 Q4 Revenue Beats Estimate at USD 389.21 M

Revenue: As of FY2025 Q4, the actual value is USD 389.21 M, beating the estimate of USD 371.72 M.

EPS: As of FY2025 Q4, the actual value is USD -17.54, missing the estimate of USD 1.1767.

EBIT: As of FY2025 Q4, the actual value is USD -134.6 M.

Segment Revenue

• Fourth Quarter Sales: $389.2 million, a decrease of 2.2% compared to $397.9 million in the prior year period. Comparable sales decreased by 6.5%.
• Fiscal Year 2025 Sales: $1,242.0 million, a decrease of 6.6% compared to $1,330.1 million in the prior year. Comparable sales decreased by 8.1%.

Operational Metrics

• Fourth Quarter Gross Profit: $150.1 million, an increase of 4.8% compared to $143.2 million in the prior year period. Gross margin increased to 38.6% from 36.0%.
• Fiscal Year 2025 Gross Profit: $439.6 million, a decrease of 7.8% compared to $476.8 million in the prior year. Gross margin decreased to 35.4% from 35.8%.
• Fourth Quarter Net Loss: - $162.8 million compared to - $9.9 million in the prior year period.
• Fiscal Year 2025 Net Loss: - $237.0 million compared to - $23.4 million in the prior year.
• Fourth Quarter Adjusted EBITDA: $45.2 million compared to $43.0 million in the prior year period.
• Fiscal Year 2025 Adjusted EBITDA: $61.4 million compared to $108.7 million in the prior year.

Cash Flow

• Net Cash Provided by Operating Activities: $8.8 million for the year ended October 4, 2025, compared to $107.5 million in the prior year.
• Capital Expenditures: $25.5 million for the year ended October 4, 2025, compared to $47.2 million in the prior year.

Unique Metrics

• Impairment Charges: $183.8 million, including $180.7 million for goodwill and $3.1 million for asset write-offs for underperforming stores.

Outlook / Guidance

• Fiscal Year 2026 Sales Guidance: $1,100 million to $1,250 million.
• Fiscal Year 2026 Adjusted EBITDA Guidance: $55 million to $75 million.
• Fiscal Year 2026 Capital Expenditures Guidance: $20 million to $25 million.
• The company has not provided specific future cash expenditure estimates related to these charges.