Ace Hardware Corp. posted record second-quarter revenue and earnings as comparable sales increased and the cooperative continued expanding its store portfolio.
Company net income was $155.6 million versus $119.5 million in the year-before quarter.
About 4,000 Ace stores in the United States consistently report daily retail sales data to the company, and they reported a 1.1% year-over-year increase in comparable sales for the quarter. The gain resulted from a 3.1% increase in average ticket, partially offset by a 1.9% decrease in comp transactions, the company reported.
Revenue was $2.99 billion versus $2.82 billion in the year-earlier quarter. Operating income was $150.2 million versus $120.4 million in the period a year earlier.
“We are grateful that more consumers continue to choose Ace, resulting in the highest quarterly revenue and earnings in the company’s storied history,” said John Venhuizen, Ace president and CEO, in announcing the financial results. “Solid same-store sales growth, double-digit digital growth, continued expansion of our store footprint and the entrepreneurial spirit of our local retailers fueled a 5.9% increase in revenue to $3 billion, and a 31% increase in net income to $155.6 million.”
Ace added 34 new domestic stores in the second quarter and canceled 17 stores. The company’s total domestic store count rose to 5,283 at the quarter’s end, an increase of 88 stores from the 2025 period.
