MONTREAL ― Richelieu Hardware posted a 2% gain in consolidated sales in its first quarter ended February 28, reaching $226.2 million. Acquisitions boosted results by 2.8%, countering an internal decrease of 0.8%. At comparable exchange rates to the first quarter of 2018, consolidated sales would have been stable. Results were further affected by lower sales to the retail home improvement channel. The company also had an exceptionally strong Q1 in 2018 compared to the latest quarter, which was impacted by inventory realignment by retailer customers that did not show sales growth.
Stronger sales, acquisitions drive Richelieu results
Most Recent
Most Read
BeautiTone unveils 2025 Colour of The Year
Fri, October 04th, 2024
Building materials prices slump in Quebec
Fri, October 04th, 2024
Amazon slated to hire 9,000 employees
Fri, October 04th, 2024
Grainger begins work on warehouse
Thu, October 03rd, 2024
Port strike could cost U.S. economy billions
Thu, October 03rd, 2024
Small businesses to get carbon rebates
Thu, October 03rd, 2024
Port strikes across North America loom large
Wed, October 02nd, 2024
Minimum wage climbs in four provinces
Wed, October 02nd, 2024
U.S. construction spending dips unexpectedly
Wed, October 02nd, 2024
Canfor announces CEO’s departure
Tue, October 01st, 2024