SiteOne Landscape Supply shares fall 14% on outlook for rising prices and declining demand
Updated
Updated · MarketWatch · Apr 29
SiteOne Landscape Supply shares fall 14% on outlook for rising prices and declining demand
7 articles · Updated · MarketWatch · Apr 29
Shares dropped to $122.79 after SiteOne reported a quarterly loss of $26.6 million, missing analyst expectations, with sales at $940.1 million for the quarter.
The company projects 2026 prices will rise 2%–3% and expects overall end market demand to decline modestly, citing unfavorable weather and increased macroeconomic uncertainty.
SiteOne notes weak new residential construction and only partial offset from maintenance and commercial demand, with the spring selling season delayed compared to 2025 but improved April sales volume.
Despite a bleak outlook, why are some analysts suddenly betting on SiteOne to outperform the market?
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