Storm and weather driven demand volatility
12 statements on the record across 2 companies, ordered by how much each has said. Every quote is verbatim from its call.
Across HD and LOW, management teams point to weather rather than demand fundamentals as the swing factor in recent results. HD's Decker and Bastek flagged a lack of storm activity versus historic norms as a primary drag on roofing, power generation and plywood by Q3 2025 [m3145, m3156, m3274, m3284], and by February 2026 Decker said underlying demand was relatively stable once storm effects were stripped out, even as McPhail cited shingle shipments down 28% year over year, the lowest since 2019, pressuring SRS pricing in Q4 [m3342, m3369, m3370]. McPhail expects second half fiscal 2026 comps to run slightly higher than first half as compares ease against the absent 2025 storm activity [m3378]. LOW's Sink attributed spring softness to unusually cold, wet May weather followed by a hot June and July that pressured outdoor activity [m3249], and Ellison later reiterated that softness was primarily weather driven rather than linked to election impact or broader macro shocks [m3532].
By Q3 2025, Decker and Bastek said results missed expectations primarily due to a lack of storms versus historic norms, pressuring roofing, power generation and plywood. [m3145, m3156, m3274, m3284] In February 2026, Decker said underlying demand was relatively stable for the year once adjusted for storms, while McPhail cited shingle shipments down 28% year over year, the lowest since 2019, pressuring SRS pricing in Q4. [m3342, m3369, m3370] McPhail projected second half fiscal 2026 comps to run slightly higher than first half, reflecting compares to the absent 2025 storm activity. [m3378]
Show the 10 verbatim statements
#m3082 · 2024-08-13 · Ted Decker · STATED
“Additionally, we saw continued softness in spring projects, which were also impacted by the extreme weather changes throughout the quarter.”
#m3646 · 2024-11-12 · Ted Decker · STATED
“Excluding the impacts from the hurricanes, our third quarter performance exceeded our expectations. As weather normalized, we saw better engagement across seasonal goods in certain outdoor projects. But as Billy will detail, we continue to see pressure on larger remodeling projects driven by the higher interest rate environment and continued macroeconomic uncertainty.”
#m3156 · 2025-11-18 · William Bastek · STATED
“As you heard from Ted, the underlying demand in the quarter was relatively similar to what we saw in the second quarter. However, our results were below our expectations, largely due to a lack of storms relative to historic norms, which most notably impacted areas of the business such as roofing, power generation and plywood to name a few.”
#m3274 · 2025-11-18 · William Bastek · STATED
“As you heard from Ted, the underlying demand in the quarter was relatively similar to what we saw in the second quarter. However, our results were below our expectations, largely due to a lack of storms relative to historic norms which most notably impacted areas of the business such as roofing, power generation and plywood to name a few.”
#m3284 · 2025-11-18 · Edward Decker · STATED
“Our comps definitely slowed as the quarter progressed, but great work by the team to register the positive comp for the entire quarter. And as we said, the primary driver of that sales pressure was the lack of storm activity in the quarter.”
#m3145 · 2025-11-18 · Edward Decker · STATED · by third quarter
“Our results missed our expectations, primarily due to the lack of storms in the third quarter, which resulted in greater-than-expected pressure in certain categories.”
#m3342 · 2026-02-24 · Edward Decker · STATED
“Adjusting for storms, underlying demand was relatively stable throughout the year.”
#m3369 · 2026-02-24 · Richard McPhail · STATED
“total industry shipments of shingle squares were down 28% year-over-year. That's the lowest industry volume since 2019.”
#m3370 · 2026-02-24 · Richard McPhail · STATED
“that lack of demand in the market did put significant pressure on the pricing environment for SRS in the fourth quarter.”
#m3378 · 2026-02-24 · Richard McPhail · STATED · by fiscal 2026
“we expect our comps in the second half to be slightly higher than our comps in the first half. This is a reflection of compares to 2025 storm activity and the absence thereof.”
Sink noted that unusually cold, wet weather in May followed by heat in June and July pressured outdoor spring activity. [m3249] Ellison later characterized softness as primarily weather driven rather than tied to election impact or broader macro shocks. [m3532]
Show the 2 verbatim statements
#m3249 · 2024-08-20 · Brandon Sink · STATED
“Colder and wetter weather in May was quickly followed by intense heat across much of the country in June and July with both weather patterns pressuring outdoor spring activity.”
#m3532 · 2025-02-26 · Marvin Ellison · STATED
“we see this more today as a weather story than any election impact or any other broader macro shock that could be happening.”
OPEN is an unresolved commitment on the clock; STATED is on the record without a checkable bar and is never counted or scored. Method: methodology.