SiteOne Landscape Supply Says Pricing Continues To Have A Negative Impact On Growth Due To Ongoing Deflation In Commodities Like PVC Pipe And Grass Seed
Portfolio Pulse from Benzinga Newsdesk
SiteOne Landscape Supply reports that ongoing deflation in commodities such as PVC pipe and grass seed is negatively impacting their growth due to pricing pressures.
July 31, 2024 | 10:07 am
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NEGATIVE IMPACT
SiteOne Landscape Supply is experiencing negative growth impacts due to deflation in key commodities like PVC pipe and grass seed, leading to pricing pressures.
The deflation in commodities like PVC pipe and grass seed is directly affecting SiteOne Landscape Supply's pricing strategy, leading to negative growth impacts. This is likely to put downward pressure on SITE's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100