Leslie's Pool Supply (LESL) Faces Chapter 11 After Closing 80 Stores

Leslie's Pool Supply (LESL) has closed 80 stores and is assessing a potential Chapter 11 filing due to weak demand and financial losses. The company's Q1 fiscal 2026 results showed a net loss of approximately $83 million, with sales down 16% year over year. Despite a 4.3% revenue increase and 6.6% comparable sales rise in Q2, they still reported a net loss of $52.5 million. This situation highlights the challenges facing retailers in the luxury market amid declining consumer spending, which could impact their long-term viability and investor confidence.