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Tag Archives: john venhuizen

Ace 2023 Spring Convention Builds Hope for Future

Ace 2023 Spring

From inflation to a challenging labor market, many challenges continue to plague retailers in 2023, but the Ace Hardware 2023 Spring Convention brought a breath of hope during an uncertain time. Hosted March 14-16 at the Henry B. Gonzalez Convention …

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Ace Hardware Shares Q4 and Full-Year 2022 Financials

Ace Q4 2022

Ace Hardware Corporation reported record Q4 2022 revenues of $2.2 billion, an increase of $124.5 million or 6% from the fourth quarter of 2021. Net loss was $4.6 million for the fourth quarter of 2022, a decrease of $13.9 million …

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Industry Insights: Forward Thinking With John Venhuizen

Industry Insights

What were some challenges in 2022 and how did Ace address them? Inflation is a beast and the “tools” to tackle it—Federal Reserve tightening and interest rate hikes—are all designed toward demand degradation. In uncertain times like these, the natural …

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Ace Hardware Reports Q3 2022 Results

Q3 financials

Ace Hardware Corp. reported record third-quarter 2022 revenues of $2.2 billion, an increase of $203.2 million from the third quarter of 2021. Net income was $100.6 million for the third quarter of 2022, an increase of $1.3 million from the …

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Ace Hardware to Open More Than 170 Stores This Year

Ace 170 stores

Ace Hardware has already opened 130 new stores in 2022 and is planning to open at least an additional 40 stores in Q4 for more than 170 stores by the end of the year. Ace operates more than 5,600 locally …

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Ace Hardware Posts a Record-Setting Q2

Top 10 Franchises

With record second-quarter revenues of $2.5 billion, Ace Hardware released its financials for Q2 2022. The record-breaking revenues were an increase of 2.7% or $66.1 million on top of last year’s increase of 8.2%. Increases were seen across a majority …

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Pedrotti Ace Hardware Marks a Century of Service, Family and Community

Pedrotti family

From modest beginnings in the quaint town of Crockett, California, Pedrotti Ace Hardware has evolved to meet changing times and moved locations several times. But through it all, it has maintained its community spirit and penchant for helpfulness. The company, …

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Ace Hardware Sees Record-Breaking Q1 2022

Ace Q1 2022

With revenues of $2.2 billion, Ace Hardware recorded another record-breaking quarter in Q1 2022. Revenues in the first quarter of 2022 were up 8.9 percent, on top of last year’s increase of 42 percent. The company also posted a record …

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