Ace Hardware Reports Q1 Growth - Modern Distribution Management

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Ace Hardware Reports Q1 Growth

Sales rise 6 percent, fueled in part by strong growth at Acehardware.com, company says.
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Retailer-owned hardware cooperative Ace Hardware Corp., Oak Brook, IL, reported first-quarter sales of $1.3 billion, a 6 percent increase compared to the first quarter of 2017. Profit was $11.9 million, compared to $16.4 million in the year-ago period.

A 34 percent increase in sales from Acehardware.com combined with growth from existing Ace retailers fueled the strong sales results, said Ace President and CEO John Venhuizen.

 

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