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 …
Read More »Tag Archives: john venhuizen
Ace Hardware Donating 1 Million American Flags
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 …
Read More »Ace 2023 Spring Convention Builds Hope for Future
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 …
Read More »Ace Hardware Shares Q4 and Full-Year 2022 Financials
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 …
Read More »Industry Insights: Forward Thinking With John Venhuizen
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 …
Read More »Ace Hardware Reports Q3 2022 Results
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 …
Read More »Ace Hardware to Open More Than 170 Stores This Year
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 …
Read More »Ace Hardware Posts a Record-Setting Q2
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 …
Read More »