Site One Landscape Supply will release second-quarter earnings on July 29
SiteOne Landscape Supply, the largest national wholesale distributor of gardening and landscaping supplies in the United States, announced that it will release its second quarter financial results for 2026 before the U.S. stock market opens on Wednesday, July 29, and will hold a conference call and webcast at 8:00 a.m. that day. Looking back on the first quarter, the company's performance fell short of market expectations. Loss per share was US$0.60, lower than analysts' expectations of a loss of US$0.33; revenue was US$940.1 million, lower than expected US$982.7 million, and almost flat year-on-year. However, the company's gross profit margin increased by 90 basis points year-on-year to 33.9%, and its free cash flow performance was solid. The second quarter is the quarter that contributes the most to SiteOne's full-year performance. Analysts expect earnings per share to be approximately $0.04 and revenue to reach approximately $1.2 billion. The market's focus will be on the direction of organic daily sales, which fell 1% year-on-year in the first quarter, and investors hope to see stabilization or a turn to positive in the peak season. The company had previously maintained its full-year 2026 EBITDA guidance unchanged. Stifel recently lowered its target price to $153 from $157, maintaining a buy rating, and expects the company to reiterate its long-term EBITDA margin target of 13% to 15% at its upcoming investor day. Wall Street's current consensus rating for SiteOne is hold, and the average target price of 12 research institutions is $159.70, of which 6 have given buy ratings, 4 have held, and 2 have sold. The stock is currently trading down about 35% from its 52-week high of $168.56. Investors can watch the live broadcast of the earnings conference call through the SiteOne investor relations website, and a replay will be provided after the conference.