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Ace Hardware, Lowe’s Release Q2 Financial Results

Ace Hardware, Lowe’s Release Q2 Financial Results

Ace Hardware Corp. and Lowe’s both recently released their second-quarter 2018 financial results. Earnings were up for both companies, but dive into their separate reports to get the full story on how these home improvement companies are faring at the links below.

Ace Hardware Reports Revenue and Sales Increases for Second Quarter

“We continued to see revenue growth across all of our business units in the second quarter, with the strongest results coming from our local owners in the domestic business, which increased almost 6 percent,” says John Venhuizen, president and CEO.

Lowe’s Reports Q2 Sales, Names New CFO

“We posted solid results this quarter by capitalizing on delayed spring demand,” Marvin R. Ellison, Lowe’s president and CEO, says. “We are committed to driving even stronger performance in the future by sharpening our focus on retail fundamentals and by limiting any projects and initiatives that take us away from our core mission of being a great omnichannel home improvement retailer.”

About Todd Taber

Todd Taber
Todd is an assistant editor for Hardware Retailing magazine. He graduated from Indiana University where he majored in journalism and French. Throughout his career, he has aimed to highlight small businesses and their community value. He joined NRHA in 2017 and now serves on the news and marketing teams. In his free time, he likes to run, spend time with family and travel the country.