Financial research concept

HVAC Distribution Same-Store Sales Growth

measures revenue growth from comparable HVAC/R distribution locations while excluding recent acquisition effects.

By Lee BaileyPublished Sep 30, 2026
Research context

See what supports this page, how current it is, and where comparable or historical context is available.

Research date
Sep 30, 2026Use the dated article and cited sources for the definition, examples, and stated limitations.
Operating-model context
10 connected conceptsPart of the reviewed HVAC Distribution Economics; issuer definitions remain distinct where disclosed.
Company examples
1 reviewed companyRelationships reflect supported examples, not a normalized cross-company KPI ranking.

HVAC distribution same-store sales growth measures revenue growth from comparable distribution locations while excluding recent acquisition effects under the issuer's methodology.

Watsco reported 1% same-store sales growth in the second quarter of 2026, compared with 2% reported revenue growth.

Comparable sales separate base-business demand from acquisitions

Watsco completed the Jackson Supply acquisition during the quarter, adding 25 locations and approximately $230M of annualized sales.

Same-store growth therefore gives a cleaner read on the existing network.

Product categories can move in different directions

In Q2 2026, equipment sales rose while other HVAC products declined and commercial refrigeration grew sharply.

Read same-store growth with equipment sales mix and commercial refrigeration sales mix.

Primary source: Watsco Q2 2026 earnings release.

Part of the HVAC Distribution Economics

Connects comparable sales, equipment price and unit demand, category mix, digital adoption, contractor and location scale, and gross-margin conversion in HVAC/R distribution.

Browse the full operating model in Company Analysis →
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Compare HVAC same-store sales

Compare comparable-location sales growth while excluding recent acquisition effects under the issuer's methodology.

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