Leslie's, Inc. (LESLQ)

Oct 2, 2026

Leslie's Inc., a Phoenix-based company, has filed for Chapter 11 bankruptcy protection in Texas and announced the closure of 76 retail stores. The company stated that it might close as many as 200 stores nationwide as part of its bankruptcy proceedings. One of the affected locations, Leslie's Pool Supplies at 44th Street and Thomas Road in Phoenix, closed on September 30.

Oct 2, 2026

Leslie's (NASDAQ: LESL) shares surged over 23% after hours following the announcement of a restructuring support agreement with lenders. This deal is expected to reduce the company's funded debt by approximately $685 million and includes new financing. Despite the positive after-hours trading, Leslie's has filed for Chapter 11 bankruptcy, will close 76 stores, and existing lenders are expected to hold majority ownership post-emergence.

Oct 1, 2026

Pool supplier Leslie's Inc. has filed for Chapter 11 bankruptcy, planning to cut up to 90% of its debt and close 76 of its more than 900 retail stores. The company aims to emerge from bankruptcy by early 2027 with a stronger balance sheet, despite reporting an 8.4% decline in sales during its peak season due to unfavorable weather and aggressive competitor pricing. Leslie's is seeking $90M in new financing to fund operations through the restructuring.

Sep 30, 2026

Leslie's, a swimming pool retailer, has filed for Chapter 11 bankruptcy in Houston to significantly reduce its debt by approximately 90%. The company has reached an agreement with over 80% of its existing lenders to cut $685 million of funded debt in exchange for ceding control of the business. This move comes as the company plans to close 76 stores to cut costs due to fading pandemic-era demand.

Sep 30, 2026

Leslie's Inc. has filed for Chapter 11 bankruptcy protection to eliminate approximately $685 million in debt, with lenders expected to take majority ownership. The company emphasizes that this is a prearranged restructuring to continue operations, not a shutdown, though it will involve closing 76 stores and a new capital structure. CEO Jason McDonell stated the move will strengthen the balance sheet and allow reinvestment in the business.