SiteOne Landscape Supply Expects H2 Gross Margin To Be Flat And Adjusted EBITDA Margin To Be Slightly Lower Y/Y
Portfolio Pulse from Benzinga Newsdesk
SiteOne Landscape Supply has projected that its H2 gross margin will remain flat and its adjusted EBITDA margin will be slightly lower year over year.
August 04, 2023 | 10:47 am
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SiteOne Landscape Supply's H2 gross margin is expected to be flat and its adjusted EBITDA margin is projected to be slightly lower year over year.
The company's projection of a flat gross margin and a slightly lower adjusted EBITDA margin indicates a potential decrease in profitability. This could negatively impact investor sentiment and potentially lead to a decrease in the company's stock price in the short term.
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