Siteone Landscape Supply Inc (SITE)

SiteOne Landscape Supply Stock (SITE) dropped by 10.48% from $137.77 to $123.33 in the trading on Wednesday November 1, 2023. The reason why SITE stock down today is due to the Third Quarter 2023 Earnings.

• Q3 GAAP EPS of $1.25, missing the consensus by $0.19. Revenue of $1.15B, up +3.9% Y/Y.
• Organic Daily Sales decreased 2% compared to the prior-year period driven by a decline in prices for commodity products such as PVC pipe, grass seed, and fertilizer compared to the prior-year period.