SiteOne Landscape Supply Reports Q2 2026 Earnings with Sales Growth Amid Volume Challenges
SiteOne Landscape Supply, Inc. reported a 5% increase in net sales for the second quarter of 2026 despite a 2% decline in organic volume. The growth was driven by successful pricing strategies and acquisitions. Management attributed lower volumes to declines in new residential construction and repair demand due to macroeconomic uncertainty and high interest rates. The company's gross margin improved by 50 basis points, reaching 36.9%, thanks to price realization and increased private brand sales. Digital sales on siteone.com surged over 50% year-to-date, with digitally engaged customers outpacing the average in market share gains. SiteOne also expanded its total addressable market estimate from $25 billion to $36 billion by including new product categories. For fiscal 2026, adjusted EBITDA is projected between $425 million and $455 million, with organic daily sales growth expected to be flat or up slightly. The company plans continued acquisitions and greenfield expansions while managing SG&A costs amid inflationary pressures.
Topics: construction materials supply digital sales growth retail