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Tag Archives: john venhuizen

Ace Hardware Fall 2023 Convention Delivers Promises for Future

2023 Fall Convention

At the Fall 2023 Convention, Ace Hardware pledged to build on a century of success and continue to help its retailers be “the place with the helpful hardware folks.” During the opening general session of the event, which was held …

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Ace Hardware Sees Financial Gains in Q2 2023

Ace Q2 2023

Marking increases across the board from the second quarter of 2022, Ace Hardware shared its financial reports for the second quarter of 2023. The company’s revenues reached $2.6 billion, up 3.9% from last year, and operating income was $141 million, …

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Ace Hardware Reports Q1 2023 Results

Ace 2023 Spring

Ace Hardware released its financial report for the first quarter of 2023, marking first quarter revenues of $2.1 billion, a decrease of 5.8% from last year. Net income for Ace in Q1 2023 was $66.2 million, down 44.7% from the …

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Ace Hardware Donating 1 Million American Flags

Ace American Flag

In a collaboration with the Veterans of Foreign Wars (VFW), Ace Hardware is honoring the brave men and women who made the ultimate sacrifice for our country by giving away 1 million American flags nationwide during Memorial Day weekend.  Customers …

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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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