Leslie's, Inc. Earnings Per Share Disclosure
Note 15—Earnings (Loss) Per Share
The following is a reconciliation of basic weighted average common shares outstanding to diluted weighted average common shares outstanding (in thousands, except per share amounts):
|
|
Year Ended |
|
|||||||||
|
|
October 4, 2025 |
|
|
September 28, 2024 |
|
|
September 30, 2023 |
|
|||
Numerator: |
|
|
|
|
|
|
|
|
|
|||
Net (loss) income |
|
$ |
(236,970 |
) |
|
$ |
(23,379 |
) |
|
$ |
27,242 |
|
Denominator: |
|
|
|
|
|
|
|
|
|
|||
Weighted average shares outstanding - basic |
|
|
9,268 |
|
|
|
9,234 |
|
|
|
9,191 |
|
Effect of dilutive securities: |
|
|
|
|
|
|
|
|
|
|||
Stock Options |
|
|
— |
|
|
|
— |
|
|
|
— |
|
RSUs |
|
|
— |
|
|
|
— |
|
|
|
43 |
|
Weighted average shares outstanding - diluted |
|
|
9,268 |
|
|
|
9,234 |
|
|
|
9,234 |
|
|
|
|
|
|
|
|
|
|
|
|||
Basic (loss) earnings per share |
|
$ |
(25.57 |
) |
|
$ |
(2.53 |
) |
|
$ |
2.96 |
|
Diluted (loss) earnings per share |
|
$ |
(25.57 |
) |
|
$ |
(2.53 |
) |
|
$ |
2.95 |
|
The following number of weighted-average potentially dilutive shares were excluded from the calculation of diluted earnings (loss) per share because the effect of including such shares would have been antidilutive (in thousands):
|
|
Year Ended |
|
|||||||||
|
|
October 4, 2025 |
|
|
September 28, 2024 |
|
|
September 30, 2023 |
|
|||
Stock Options |
|
|
52 |
|
|
|
129 |
|
|
|
176 |
|
RSUs |
|
|
178 |
|
|
|
69 |
|
|
|
107 |
|
Total |
|
|
230 |
|
|
|
198 |
|
|
|
283 |
|
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Dec 18, 2025 | Showing above |
| 2024 | Nov 27, 2024 | |
| 2023 | Nov 29, 2023 | |
| 2022 | Nov 30, 2022 | |
| 2021 | Dec 10, 2021 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.