$SITE

After the July jobs report showed a 23,000 job loss versus an 80,000 gain forecast, the unemployment rate stayed at 4.1% (U.S. Bureau of Labor Statistics). Investors increased expectations for a Fed rate cut, lifting growth and rate-sensitive stocks. RXO, BrightView, SiteOne, ServiceNow, and Rocket Lab rose, with Rocket Lab up 9.2% and noting a $266 million U.S. Space Force launch contract.

SiteOne (SITE) held its Q2 2026 earnings call, outlining its footprint of 680+ branches and five distribution centers in the US and Canada. The company reported Q2 net sales up 5% to $1.53B, with 1% organic daily growth and 3% from acquisitions. Gross profit rose to about $565M, gross margin to 36.9%, and adjusted EBITDA to $237.2M (15.5%).

BLACK DOUG (CEO) purchased 8,000 indirectly-held shares of SiteOne Landscape Supply, Inc. (SITE) at an average of $102.04 ($101.94–$102.13, $0.82M total) across 2 trades on 2026-08-04.

SiteOne reported Q2 revenue of $1.53B vs $1.54B estimates and adjusted EPS of $3.20 vs $3.35, citing softer demand in new residential construction and repair and upgrade markets, especially in Sunbelt states. Adjusted EBITDA was $237.2M vs $248.8M, with full-year EBITDA guidance $440M at midpoint. CEO Doug Black said remodel support factors are weaker than expected.

After Microsoft’s results, investors focused on AI monetization. Amazon shares jumped 15.3% post-close as AWS revenue rose 37% YoY, fastest in 18 quarters, and AI and chips run rates topped $25B. Apple fell 7.4% on outlook concerns. Treasuries rose to 4.71% and Brent to $87.93. The piece also lists options trades including LWLG and SITE.

SiteOne Landscape Supply (NYSE: SITE) reported Q2 highlights from its earnings call. Pro-Trade private-brand sales rose nearly 50% YoY, digital sales via siteone.com increased over 50% YTD, and organic daily agronomic sales grew 5%. SG&A rose to about $371M. The company repurchased 797k shares for $94M and reaffirmed 2026 adjusted EBITDA of $425M to $455M.

Analysts issued multiple rating changes. Humana (HUM) was upgraded by Leerink to Outperform with a $513 target and by Piper Sandler to Overweight with a $463 target. Bloom Energy (BE), Sprouts (SFM), uniQure (QURE), and Core Scientific (CORZ) also saw upgrades. Las Vegas Sands (LVS) was downgraded to Hold by Argus. Other actions included P&G (PG), SiteOne (SITE), Capricor (CAPR), and Fannie Mae (FNMA).

SiteOne Landscape Supply reported Q2 2026 net sales up 5% despite a 2% organic volume decline, driven by 3% pricing gains and 3% from acquisitions. Gross margin rose 50 bps to 36.9%. FY2026 adjusted EBITDA guidance is $425m to $455m. The company also expanded its TAM to $36b and expects flat to +1% organic daily sales growth.

SiteOne Landscape Supply (NYSE: SITE) shares fell 12.2% after its Q2 results missed Wall Street. Earnings were $3.14 per share versus $3.29 expected, and revenue was $1.53 billion versus $1.54 billion. Adjusted EBITDA and full-year guidance also came in below estimates, and the stock hit a new 52-week low.

SiteOne Landscape Supply (NYSE: SITE) reported Q2 CY2026 revenue of $1.53 billion, up 4.7% year over year but below analysts’ estimates. GAAP EPS was $3.14, down 4.6% versus consensus. The article also cites operating margin of 12.9% for the quarter and expects revenue growth of 6.6% over the next 12 months.