SiteOne Landscape Supply Shares Drop on Pessimistic Guidance

Dow Jones

04/30

By Chris Wack

SiteOne Landscape Supply shares fell after the company said it expects prices to go up and demand to be down for the year.

The stock fell 14%, to $122.79, in midday Wednesday trading. Shares are down nearly 2% year to date.

The company, which distributes landscape supplies in the U.S. and Canada, reported a quarterly loss of $26.6 million, or 60 cents a share, compared with a loss of $27.3 million, or 61 cents a share in the same quarter last year. Analysts polled by FactSet were looking for a loss of $18 million, or 45 cents a share.

Sales for the quarter were $940.1 million, compared with $939.4 million in the year-ago quarter. Analysts were expecting $982.3 million.

SiteOne said it expects overall prices in 2026 to increase 2% to 3% for the full year. Due to unfavorable weather, the company said the spring selling season started later this year than in 2025, although it has seen improved sales volume in April so far.

The company also said it believes that the recent increase in macroeconomic uncertainty is negatively affecting the already-weak new residential construction sector, as well as the more resilient repair and upgrade markets.

This uncertainty, the company says, is more than offsetting maintenance growth and solid demand in new commercial construction. As a result, it expects overall end market demand will be down modestly for the full year 2026.

Write to Chris Wack at chris.wack@wsj.com

(END) Dow Jones Newswires

April 29, 2026 13:38 ET (17:38 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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Shares are down nearly 2% year to date. \n</p>\n<p>\n  The company, which distributes landscape supplies in the U.S. and Canada, reported a quarterly loss of $26.6 million, or 60 cents a share, compared with a loss of $27.3 million, or 61 cents a share in the same quarter last year. Analysts polled by FactSet were looking for a loss of $18 million, or 45 cents a share. \n</p>\n<p>\n  Sales for the quarter were $940.1 million, compared with $939.4 million in the year-ago quarter. Analysts were expecting $982.3 million. \n</p>\n<p>\n  SiteOne said it expects overall prices in 2026 to increase 2% to 3% for the full year. Due to unfavorable weather, the company said the spring selling season started later this year than in 2025, although it has seen improved sales volume in April so far. \n</p>\n<p>\n  The company also said it believes that the recent increase in macroeconomic uncertainty is negatively affecting the already-weak new residential construction sector, as well as the more resilient repair and upgrade markets. \n</p>\n<p>\n  This uncertainty, the company says, is more than offsetting maintenance growth and solid demand in new commercial construction. As a result, it expects overall end market demand will be down modestly for the full year 2026. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Chris Wack at chris.wack@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 29, 2026 13:38 ET (17:38 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>SiteOne Landscape Supply Shares Drop on Pessimistic Guidance</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSiteOne Landscape Supply Shares Drop on Pessimistic Guidance\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-04-30 01:38</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  By Chris Wack \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  <a href=\"https://laohu8.com/S/SITE\">SiteOne Landscape Supply</a> shares fell after the company said it expects prices to go up and demand to be down for the year. \n</p>\n<p>\n  The stock fell 14%, to $122.79, in midday Wednesday trading. Shares are down nearly 2% year to date. \n</p>\n<p>\n  The company, which distributes landscape supplies in the U.S. and Canada, reported a quarterly loss of $26.6 million, or 60 cents a share, compared with a loss of $27.3 million, or 61 cents a share in the same quarter last year. Analysts polled by FactSet were looking for a loss of $18 million, or 45 cents a share. \n</p>\n<p>\n  Sales for the quarter were $940.1 million, compared with $939.4 million in the year-ago quarter. Analysts were expecting $982.3 million. \n</p>\n<p>\n  SiteOne said it expects overall prices in 2026 to increase 2% to 3% for the full year. Due to unfavorable weather, the company said the spring selling season started later this year than in 2025, although it has seen improved sales volume in April so far. \n</p>\n<p>\n  The company also said it believes that the recent increase in macroeconomic uncertainty is negatively affecting the already-weak new residential construction sector, as well as the more resilient repair and upgrade markets. \n</p>\n<p>\n  This uncertainty, the company says, is more than offsetting maintenance growth and solid demand in new commercial construction. As a result, it expects overall end market demand will be down modestly for the full year 2026. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Chris Wack at chris.wack@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 29, 2026 13:38 ET (17:38 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SITE","symbol_name":"SiteOne Landscape Supply, Inc.","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2631854293","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2631854293","pubTimestamp":1777484280,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"SiteOne Landscape Supply shares fell after the company said it expects prices to go up and demand to be down for the year.The stock fell 14%, to $122.79, in midday Wednesday trading. 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Shares are down nearly 2% year to date. \n\n\n  The company, which distributes landscape supplies in the U.S. and Canada, reported a quarterly loss of $26.6 million, or 60 cents a share, compared with a loss of $27.3 million, or 61 cents a share in the same quarter last year. Analysts polled by FactSet were looking for a loss of $18 million, or 45 cents a share. \n\n\n  Sales for the quarter were $940.1 million, compared with $939.4 million in the year-ago quarter. Analysts were expecting $982.3 million. \n\n\n  SiteOne said it expects overall prices in 2026 to increase 2% to 3% for the full year. Due to unfavorable weather, the company said the spring selling season started later this year than in 2025, although it has seen improved sales volume in April so far. \n\n\n  The company also said it believes that the recent increase in macroeconomic uncertainty is negatively affecting the already-weak new residential construction sector, as well as the more resilient repair and upgrade markets. \n\n\n  This uncertainty, the company says, is more than offsetting maintenance growth and solid demand in new commercial construction. As a result, it expects overall end market demand will be down modestly for the full year 2026. \n\n\n \n\n\n  Write to Chris Wack at chris.wack@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  April 29, 2026 13:38 ET (17:38 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"-2","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}