LESL - Leslie's Inc. (LESL) Investor Alert: Robbins LLP Reminds Investors of Class Action Filed Against Leslie's Inc. | Benzinga

SAN DIEGO, Sept. 15, 2023 (GLOBE NEWSWIRE) -- Robbins LLP reminds investors that a shareholder filed a class action on behalf of persons or entities who purchased Leslie's, Inc. (NASDAQ:LESL) common stock between February 5, 2021 and July 13, 2023. Leslie's provides pool supplies and related equipment to end consumers, both residential and professional.

For more information, submit a form, email Aaron Dumas, Jr., or give us a call at (800) 350-6003.

What is this Case About: Leslie's, Inc. (LESL) Failed to Disclose that its Sales Growth was Based on Artificial Demand and Excess Panic Buying   

According to the complaint, during the class period, defendants failed to disclose to investors that: (1) the Company's growth was caused by customers over purchasing products to stockpile in case of a chemical shortage; (2) such sales inflated revenues and earnings and were not indicative of durable and sustainable demand or financial growth; (3) the Company took advantage of chemical shortages by urging customers to stock up on the products because Leslie's could not "guarantee availability" of chemicals in the future; and (4) any slowdown in sales was not a normalization of past seasonality, but ...

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