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Quarterly Earnings Up for Big Boxes, Ace

The Home Depot, Lowe’s and Ace Hardware each recently released their quarterly earnings reports for the second quarter of 2016, and all three showed sales growth.

Ace Hardware Corp. reported both revenue and net income growth, posting the second highest net income for a quarter in the co-op’s history. Read the full story here.

The Home Depot hit record-high sales and net earnings in the second quarter of 2016. Read the full story here.

Lowe’s net earnings rose 3.7 percent above the same period a year ago, reaching $1.2 billion for the quarter that ended July 29. Read then full story here.

Other Results

Do it Best Corp. released its financials in July and True Value’s came out the first week of August. 

About Kate Klein

Kate is profiles editor for Hardware Retailing magazine. She reports on news and industry events and writes about retailers' unique contributions to the independent home improvement sector. She graduated from Cedarville University in her home state of Ohio, where she earned a bachelor's degree in English and minored in creative writing. She loves being an aunt, teaching writing to kids, running, reading, farm living and, as Walt Whitman says, traveling the open road, “healthy, free, the world before me.”

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