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Ace Hardware released its financial results for the first quarter of 2026, reporting revenues of $2.5 billion, an increase of $242.8 million, or 10.9%. Net income for Q1 was $70.1 million, up $39.8 million from the first quarter of 2025.
U.S. retail same-store sales were up 4.9% during Q1, a result of a 4.2% increase in average ticket and a 0.7% increase in same-store transactions.
The company also reported Q1 financial results for Ace Retail Holdings (ARH), with total retail revenues reported at $185.8 million, an increase of $10.6 million, or 6.1%, as compared to 2025’s first quarter. ARH experienced same-store sales growth of 4.1% during the first quarter of 2026.
Ace added 35 new domestic stores in the first quarter of 2026 and cancelled 19 stores. This brought the company’s total domestic store count to 5,266 at the end of the first quarter of 2026, an increase of 89 stores from the first quarter of 2025.
“Our record first quarter results reflect a simple truth: when we serve our neighbors with excellence and urgency, growth follows,” says Ace CEO John Venhuizen. “Revenue up 10.9%, digital up 30% and hardware format same-store sales up 6.1% with transactions rising 0.7%. Just as importantly, our team delivered a 129% increase in net income through strong growth and disciplined, judicious expense management, proof that being both fierce and frugal is still a winning formula.”
