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RONA.CA


RONA.CA is the website of RONA.
RONA.COM is a private website.


Rona Inc. (TSX: RON) is Canada's leading distributor and retailer in hardware, home improvement and gardening products, founded in 1939. Rona operates a network of some 540 stores of various sizes and types. HOME HARDWARE is their key focus.

RONA - HOME IMPROVEMENT STORE.


About RONA

RONA is the largest Canadian distributor and retailer of hardware, home renovation and gardening products. RONA operates a network of close to 700 corporate, franchise and affiliate stores of various sizes and formats.


With over 27,000 employees working under its family of banners in every region of Canada and more the 15 million square feet of retail space, the RONA store network generates over $6.3 billion in annual retail sales.



RONA Home & Garden Stores

These warehouse-type home centres offer an unequalled variety of products at the lowest prices. You can find everything under the same roof: hardware, tools, construction materials, gardening items, paint, decoration and seasonal items. These stores features lots of elbow room and personalised customer service.


Boucherville, Quebec, August 12, 2008 – RONA (TSX: RON), the largest Canadian distributor and retailer of hardware, renovation and gardening products, announced a slight increase in its consolidated sales, which stood at $1,473.3 million in the second quarter of 2008, compared to $1,469.1 million in 2007.


Same-store sales decreased by 4.4% in the quarter. This decrease reflects a drop in consumer activity related to the decline in consumer confidence compared to the corresponding period in 2007. Operating income reached $157.3 million in the second quarter of 2008, down 2.8% from 2007.


Operating margin decreased by 33 basis points at 10.68%. Unusual items related to the cost of store closures net of the gain on disposal of non-core assets amounted to $2.8 million before interest, taxes, depreciation and amortization were accounted for in the second quarter of 2008. Excluding these unusual items, operating income was $160.1 million, down 1.0% from 2007.


The operating margin declined 14 basis points in 2008 from 11.01% to 10.87% in 2007. Net earnings reached $80.1 million, or $0.69 per share, diluted, in the second quarter of 2008, a 7.0% decrease compared to the second quarter of 2007. Excluding unusual items of $4 million after-tax or $0.03 per share, net earnings were $84.1 million, or $0.72 per share diluted, compared to $86.2 million, or $0.74 per share diluted in 2007 – a decline of 2.4%.


 


RONA names


  • RONA Botanix
  • RONA Building Center
  • RONA Cashway
  • RONA Cash & Carry
  • RONA Hardware
  • RONA Home & Garden
  • RONA Home Centre
  • RONA L'entrepôt
  • RONA L'express
  • RONA matériaux
  • RONA Lansing
  • RONA Le Quincailler
  • RONA Rénovateur
  • RONA Rénovateur régional
  • Curtis Lumber
  • Réno-Dépôt
  • The Building Box
  • Totem Building Supplies
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RONA Stores | Rona.ca | Rona.com | www Rona.ca | Home Improvement | Gardening | Home Renovation Stores



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