SiteOne Landscape Supply, Inc. Revises Earnings Guidance for the Full Year 2021
May 05, 2021 at 04:00 am EDT
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SiteOne Landscape Supply, Inc. revised earnings guidance for the full year 2021. Given the stronger than expected first four months, the company is raising expectations for full year 2021. The company now expect low-double digit Organic Daily Sales growth for the full year, compared to prior expectation for mid-single digit growth.
SiteOne Landscape Supply, Inc. is a wholesale distributor of landscape supplies in the United States and has a growing presence in Canada. Its customers are primarily residential and commercial landscape professionals who specialize in the design, installation, and maintenance of lawns, gardens, golf courses, and other outdoor spaces. The Company offers a comprehensive selection of approximately 160,000 stock keeping units (SKUs) including irrigation supplies, fertilizer, and control products (herbicides), hardscapes (including pavers, natural stone, and blocks), landscape accessories, nursery goods, outdoor lighting, and ice melt products to green industry professionals. It also provides value-added consultative services, which include assistance with irrigation project take-offs, commercial project planning, generation of sales leads, business operations, and product support services, as well as a series of technical and business management seminars.