Leslie’s Pools filed Chapter 11 bankruptcy on Sept. 30 and plans to close 76 stores.
The company detailed the filing in a document posted on the SEC’s website.
“On September 30, 2026, Leslie’s, Inc.and its subsidiaries Leslie’s Poolmart, Inc., Cortz, Inc., LPM Manufacturing, Inc., Horizon Spa & Pool Parts, Inc., Hot Tub Works, LLC, Pool Parts, Inc., RAM Chemical & Supply, Inc., SPP Holding Corporation and Stellar Manufacturing, LLC filed voluntary petitions under chapter 11 of title 11 of the United States Code in the United States Bankruptcy Court for the Southern District of Texas to implement a pre-arranged chapter 11 plan of reorganization,” it shared.
The company has entered into a Restructuring Support Agreement (RSA) with a group of its existing lenders to reorganize its business.
“The RSA includes commitments for $90 million of new-money debtor-in-possession (DIP) financing and a $60 million equity financing, with the equity financing fully backstopped by certain of the RSA parties, and a reduction of approximately $685 million, or 90%, of the company’s outstanding funded debt,” the company shared in a press release.
As part of the company’s reorganization plan, it will be shutting down 76 stores. Those locations were not shared in the press release, but they are included in the bankruptcy filing on PacerMonitor.
These are the Leslie’s Pool stores that are closing
Many of the 76 stores Leslie’s will shut down have already closed.
Arizona
- 2814 N. 44th St., Phoenix (already closed)
- 4848 E Cactus Road, Phoenix (already closed)
- 3130 S McClintock Drive, Tempe (already closed)
California
- 11900 South St., Cerritos
- 20543 Devonshire St, Chatsworth
- 5100 Clayton Road, Concord
- 222 Diamond Bar Blvd., Diamond Bar
- 270 El Camino Real N, Encinitas
- 35700 Fremont Blvd., Fremont
- 3756 N. Blackstone Ave., Fresno
- 17618 Chatsworth St., Granada Hills
- 2651 Foothill Blvd., La Crescenta
- 23778 Mercury Road, Lake Forest
- 2160 E. Pacheco Blvd., Los Banos
- 2553 Via Campo, Montebello
- 1945 W. El Camino Real, Mountain View
- 220 Vintage Way, Novato
- 72333 Highway 111, Palm Desert
- 2421 Golden Hills Road, Paso Robles
- 4517 Century Blvd., Pittsburg
- 905 Main Str., Ramona
- 8967 Mira Mesa Blvd., San Diego
- 1988 Tully Road, San Jose
- 3211 Crow Canyon Place, San Ramon
- 3218 State St., Santa Barbara
- 2851 S. Highland Ave., Selma
- 1308 E. Prosperity Ave., Tulare
- 1092 Irvine Blvd., Tustin
- 2246 Oak Grove Road, Walnut Creek
Connecticut
- 38 Pershing Drive, Derby
Florida
- 113 N. Congress Ave., Boynton Beach (already closed)
- 1534 W. Brandon Blvd., Brandon
- 1530 N. McMullen Booth Road, Clearwater
- 1641 Gulf to Bay Blvd., Clearwater
- 7106 W.University Ave., Gainesville
- 5321 Sheridan St., Hollywood (already closed)
- 2814 Lee Blvd., Lehigh Acres
- 12779 S.W. 88th St., Miami (already closed)
- 1688 N.E. Miami Gardens Drive, Miami (already closed)
- 419 S. Chicksaw Trail, Orlando
- 6901 Okeechobee Blvd., West Palm Beach (already closed)
- 1263 S. Federal Highway, Pompano Beach (already closed)
- 1900 Tamiami Trail, Port Charlotte
- 4284 Bee Ridge Road, Sarasota
- 6753 Thomasville Road, Tallahassee
- 5402 Pioneer Park Blvd., Suite D, Tampa
- 8299 N. Pine Island Road, Tamarac (already closed)
- 1151 S. Pinellas Ave., Tarpon Springs
Georgia
- 2985 Chapel Hill Road, Douglasville
Illinois
- 320 Industrial Drive W, Chicago
Indiana
- 1370 Veterans Parkway, Clarksville
- 835 Beachway Drive, Indianapolis
- 6030 Central Ave., Portage
Kansas
- 1570 S.W. Wannamaker Road, Topeka
Kentucky
- 130 W. Tiverton Way, Lexington
Maryland
- 913 Reisterstown Road, Pikesville
Massachusetts
- 185 Washington St,. Attleboro
- 1285 Belmont St., Brockton
Missouri
- 607 S.W. U.S. Highway 40, Blue Springs
Nevada
- 7955 Blue Diamond Road, Las Vegas
New Jersey
- 500 S. River St., Hackensack
New York
- 4900 Transit Road, Depew
- 125 W. Montauk Highway, Hampton Bays
- 285 S. Broadway, Hicksville
Rhode Island
- 1089 Bald Hill Road, Warwick
Texas
- 9600 S. Interstate 35, Austin
- 11750 U.S. Highway 380, Crossroads
- 9540 Garland Road, No. 186, Dallas
- 11661 Preston Road, Dallas
- 7911B FM 1960 Road W, Houston
- 6890 Highway 6 S, Houston
- 6769 Highway 6 N, Houston
- 2714 W. Lake Houston Parkway, Humble
- 23023 Clay Road, Katy
- 2301 Ranch Road 620 S, Lakeway
- 8930 State Highway 121, McKinney
- 6245 Highway 6, Missouri City
- 5712 Fairmont Parkway, Pasadena
- 230 W. Parker Road, Plano
- 3136 Independence Parkway, Plano
- 1455 Austin Highway, San Antonio
- 2301 W. Southlake Blvd., Southlake
- 6941 Spring Stuebner Road, Spring
Virginia
- 9970 Liberia Ave., Manassas
- 6414 E. Virginia Beach Blvd., Norfolk
These closures follow the shutdown of approximately 80 underperforming stores as part of a cost-reduction and operational restructuring plan during Q1 fiscal 2026, according to its Q1 earnings release.
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Leslie’s isn’t going out of business
CEO Jason McDonell tried to reassure customers that the chain would not be shutting down.
“Leslie’s is here to stay, and I am deeply grateful to our employees, customers, and partners for their continued support as we work to position Leslie’s for a strong future,” he said in the press release.
He insisted that, aside from the store closures, operations would continue as usual.
“Importantly, Leslie’s remains fully operational and committed to serving customers without interruption, including through its physical stores and digital platforms,” the company shared.
Leslie’s will still be accepting gift cards, returns, and store credit.
The company faces a challenging road back, according to RTM Nexus CEO Dominick Miserandino
He thinks that Leslie’s has lost an important advantage as more consumers can easily find the products it sells online and at mass retailers.
“Leslie’s has a tough problem because a lot of what it sells simply isn’t hard to find anymore. That puts a lot of pressure on Leslie’s to justify why the customer needs them. The expertise and service still have value, particularly when something goes wrong with a pool, but that’s a much narrower advantage than simply being the place where people buy pool supplies,” he told TheStreet.
Leslie’s Chapter 11 filing: key facts
- Filed Chapter 11 on Sept. 30, 2026, in the U.S. Bankruptcy Court for the Southern District of Texas.
- $1.21 billion in liabilities versus $722.2 million in assets at filing, according to the bankruptcy petition.
- $685 million of funded debt will be eliminated, roughly 90% of outstanding funded debt, under the restructuring agreement with lenders.
- $90 million in new-money DIP financing will help fund operations during Chapter 11, plus $60 million in equity financing.
- Creditors will take control of the company through the restructuring, with existing lenders supporting the prearranged deal. More than 80% of existing lenders supported the restructuring agreement.
- The operating business had already deteriorated sharply before the filing. Leslie’s reported fiscal Q3 2026 sales of $458.5 million, down 8.4%, while comparable sales fell 6.2%. For the first nine months, sales were $790.4 million, down 7.3%. The company attributed the decline primarily to lower store traffic and transactions, a softer summer pool season and store closures.
- Leslie’s had 943 company-operated locations in 38 states as of July 4, 2026, along with e-commerce websites.
- The company said the retail environment remained challenging, citing reduced and delayed consumer spending in pool and spa care and increased consumer price sensitivity after persistent inflation. Those conditions contributed to “substantial doubt” about its ability to continue as a going concern.
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