Leslie’s, Inc. (NASDAQ: LESL)

This lawsuit is for anyone who acquired securities in Leslie’s, Inc. (NASDAQ: LESL) from February 5, 2021 through July 13, 2023.

The lawsuit alleges that the Company and certain of its executives violated federal law. Specifically, the lawsuit alleges that, throughout the time period mentioned above, the Company misled investors regarding its financial condition. More specifically, the lawsuit alleges that the Company misled investors telling customers that it was experiencing sustainable growth when the Company knew that its increased sales were the result of temporary increased demand caused by COVID.

On July 13, 2023, Leslie’s released its preliminary financial results for the third quarter of 2023 and disclosed a sales decline of negative 12%. The Company claimed that “customer surveys conducted towards the end of the quarter also indicated increased price sensitivity and that consumers entered the pool season with a greater than normal amount of chemicals leftover from last year.” Leslie’s also announces that its Chief Financial Officer was stepping down. On this news, the price of the Company’s stock dropped precipitously on unusually heavy trading volume.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in Leslie’s, Inc. (NASDAQ: LESL) from February 5, 2021 through July 13, 2023 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.