Ace Q2 revenues increase to $1.021 billion

Posted on September 16, 2011 by Jessica Dees

Ace Q2 revenues increase to $1.021 billion

In the second quarter, 2011, Ace Hardware a revenue increase of .5%, which translates to 1.6% quarter-over-quarter; an impressive figure in a season characterized by poor weather (which traditionally means poor sales for hardware and home improvement) and coupled with a down economy.

Ray Griffith, Ace president and CEO is pleased with the company's performance and added, "In addition, we are excited about the introduction of our Clark+Kensington paint and primer, which will help drive increased sales and profitability for our retailers."

In addition to the increased sales numbers, Ace also highlighted a decrease in operating expenses by 15.7% as well as an increase in merchandise sales by 0.6%

About Ace Hardware

For more than 85 years, Ace Hardware has been known as the helpful hardware store in thousands of communities across America. With 4,500 locally owned and operated hardware stores, Ace is the largest hardware cooperative in the industry.

Ace currently operates 14 distribution centers in the U.S. and one in Shanghai, China, and its retailers' stores are located in all 50 states and more than 60 countries.