Leslie's, Inc. Annual report [Section 13 and 15(d), not S-K Item 405]

Annual report [Section 13 and 15(d), not S-K Item 405]

Property and Equipment

Property and Equipment

12 Months Ended

Oct. 04, 2025

Property, Plant and Equipment [Abstract]

Property and Equipment

Note 7—Property and Equipment

Property and equipment consist of the following (in thousands):


	October 4, 2025			September 28, 2024
Land	$	5,401		$	5,401
Buildings and improvements		10,290			10,141
Vehicles, machinery and equipment		45,984			44,925
Leasehold improvements		207,782			199,402
Office furniture, computers and software		126,492			115,129
Construction in process		5,840			9,886
Equipment under finance lease		1,860			565
	$	403,649		$	385,449
Less: accumulated depreciation and amortization		(311,105	)		(287,002	)
Total	$	92,544		$	98,447

Depreciation and amortization expense on property and equipment was $29.3 million, $29.2 million, and $29.8 million in fiscal 2025, 2024, and 2023. Construction in process primarily consisted of leasehold improvements related to new or remodeled locations where construction had not been completed by the end of the period and internal use software as of October 4, 2025 and September 28, 2024.

Capitalized software additions placed into service was $5.7 million and $2.1 million in fiscal 2025 and 2024. Amortization expense on capitalized software was $3.0 million, $3.9 million, and $4.9 million in fiscal 2025, 2024, and 2023. Capitalized software accumulated amortization totaled $22.1 million and $19.2 million as of October 4, 2025 and September 28, 2024. Capitalized software and development costs remaining to be amortized were $8.7 million and $6.0 million as of October 4, 2025 and September 28, 2024.