SiteOne Landscape Supply (NYSE:SITE) reported quarterly sales of $1.22 billion which missed the analyst consensus estimate of $1.24 billion by 1.61 percent. This is a 12.55 percent increase over sales of $1.08 billion
RBC Capital analyst Mike Dahl further reduces estimates and price targets for Homebuilders & Building Products companies as housing demand declines.
The analyst expects further deterioration after the most recent jump in rates (+50 bps past 2 weeks and +270 bps YTD).
According to Benzinga Pro, during Q1, SiteOne Landscape Supply (NYSE:SITE) earned $32.30 million, a 17.45% increase from the preceding quarter. SiteOne Landscape Supply also posted a total of $805.30 million in sales, a 0.01% increase since Q4.