RONA swings to profitability in 2014

BOUCHERVILLE, Que. — RONA saw sales increase by a healthy 3.2% in its fourth quarter, from $941.1 million to $971.3 million. Same-store sales in the company’s Retail segment grew by 6.0%, attributable to the strong performance by RONA’s revamped Réno-Dépôt chain in Quebec and its Totem stores in Alberta. Excluding the impact of the closures of under-performing stores, same-store sales grew 6.5%. RONA reported a quarterly profit of $1.7 million, following a loss of $1.1 million last year.

For the entire year, revenues dipped 2.3% to $4.096 billion from $4.192 billion. However, the company reported positive growth in organic sales—for the first time since 2006—up 1.2%, including 1.1% in the Retail segment.