RONA posts Q4, year-end gains

BOUCHERVILLE, Que. — RONA saw same-store sales rise 3.1% in fiscal 2015, while adjusted net income for Q4 rose to $21.2 million from $17.3 million a year before, an increase of 33.3% per share. Consolidated revenues for the year amounted to $4.23 billion, up 3.3% compared to $4.1 billion in fiscal 2014. The change reflects a 7.8% increase in the retail segment, stemming mainly from 3.1% growth in same-store sales and the acquisition of the franchised stores. “Given the successful repositioning of the Réno-Dépôt and TOTEM banners, we are getting ready, in 2016, for a complete concept review of our RONA big-box store network,” CEO Robert Sawyer said in a statement.