Strong sales drive Richelieu’s Q2 growth

Richelieu Hardware Ltd. this week reported it more than doubled its Q2 profits. Earnings of $0.66 per share rose from $0.31 in Q2 of 2020. Net income amounted to $37.4 million, up from $17.8 million a year ago. Sales increased to $371.4 million from $248.3 million, due to same-store sales growth of 60 percent in Canada and 50 percent in the U.S.