BOUCHERVILLE, Que. — Positive first-quarter results saw RONA’s sales increase by 1.9% and its losses shrink to $11.7 million from $16.5 million.
This mainly reflects a 5.9% increase in RONA’s Retail segment, stemming from a solid performance in Western Canada and repositioning of the Réno-Dépôt banner in Quebec. These factors led to a 5.0% increase in same-store sales in RONA’s Retail segment. In the Distribution segment, revenues were down 5.6%, primarily due to the net change in the number of dealer-owners and poor weather in Quebec, but as the company narrows its losses, its share price continues to climb…
