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Ace Hardware released its Q1 2025 financial results, reporting a 0.6% increase in same store sales for its hardware format.
According to Ace’s corporate report, the approximately 3,900 Ace retailers who share daily retail sales data reported flat U.S. retail same-store-sales during the first quarter of 2025, which was the result of a 1.1% increase in average ticket and offset by a 1.1% decrease in same-store transactions.
Overall consolidated revenues for Q1 2025 increased 4.2% from Q1 of last year, reaching a record $2.2 billion. Ace noted that it had seen stronger sales across multiple categories with the largest increases seen in the lawn and garden, outdoor power equipment and grilling categories. Ace and Weber Blackstone announced a deal that will make Ace Hardware and its subsidiary, Emery Jensen Distribution, Weber’s exclusive distribution partners within the independent home improvement channel beginning in 2026.
Ace’s net earnings in the first quarter of 2025 were reported at $30.3 million, a decrease of $16.6 million from Q1 of 2024. According to the company, the decrease was expected due to the timing of income earned from vendors, planned increases in marketing spend and investments in supply chain infrastructure in the first quarter.
“A 35% increase in our digital business, 0.6% same-store-sales growth from stores in the hardware format and 45 new domestic stores highlighted our record first quarter revenue,” says John Venhuizen, Ace president and CEO.
Ace also addressed the impact of recent tariffs, stating the company is unable to predict exactly how tariffs will affect the company’s financial condition going forward.
