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StocksMediumUpdated•Originally published 29 April 2026•Updated 29 April 2026•

1 min read

SiteOne Landscape Supply Reports Wider-Than-Expected Q1 Loss

Key Facts

1SiteOne Landscape Supply announced growth in Adjusted EBITDA for the first quarter ended March 29, 2026.

2The CEO noted meaningful gross margin improvement and tight SG&A management despite softness in sales volume due to weather and market conditions.

SiteOne Landscape Supply (SITE) reported its financial results for the first quarter ended March 29, 2026, posting a quarterly loss of $0.6 per share. This loss was wider than the Zacks Consensus Estimate of $0.45 per share, though it showed a marginal improvement from the $0.61 per share loss reported in the same period last year. CEO Doug Black highlighted growth in Adjusted EBITDA and meaningful gross margin improvements driven by strategic cost management. Despite the net loss, the company maintained tight control over SG&A expenses to offset headwinds in sales volume. These volume challenges were primarily attributed to unfavorable weather conditions and broader market softness. Investors are now focusing on the company's path to net profitability following the wider-than-expected quarterly deficit.

about 1 month ago

Version History

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Version 1about 1 month ago

What changed: Updated story to include wider-than-expected loss per share and added the SITE ticker symbol.