Pool Retailer Leslie's Prepares for Chapter 11 Bankruptcy Filing

Key Facts

1Swimming pool retailer Leslie's is preparing to file for Chapter 11 bankruptcy in Houston as soon as next week.

2Control of the company is expected to be handed over to lenders following struggles with heavy debt and declining sales.

Swimming pool retailer Leslie's is preparing to file for Chapter 11 bankruptcy in Houston as soon as next week. The Wall Street Journal reported that control of the company is expected to be handed over to lenders following struggles with a heavy debt burden and declining sales.

LESL closed at $0.4185 on September 23, 2026, after reaching a day high of $0.44 and a low of $0.4111. These developments follow persistent operational challenges that have weakened the company's financial position, necessitating a legal restructuring to address its obligations to creditors.