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Tag Archives: john venhuizen

Ace Hardware Sees Financial Gains in Q2 2023

ServiceMaster Brands

Marking increases across the board from the second quarter of 2022, Ace Hardware shared its financial reports for the second quarter of 2023. The company’s revenues reached $2.6 billion, up 3.9% from last year, and operating income was $141 million, …

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Ace Hardware Reports Q1 2023 Results

Ace cybersecurity incident

Ace Hardware released its financial report for the first quarter of 2023, marking first quarter revenues of $2.1 billion, a decrease of 5.8% from last year. Net income for Ace in Q1 2023 was $66.2 million, down 44.7% from the …

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Ace Hardware Donating 1 Million American Flags

Ace American Flag

In a collaboration with the Veterans of Foreign Wars (VFW), Ace Hardware is honoring the brave men and women who made the ultimate sacrifice for our country by giving away 1 million American flags nationwide during Memorial Day weekend.  Customers …

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Ace 2023 Spring Convention Builds Hope for Future

Ace cybersecurity incident

From inflation to a challenging labor market, many challenges continue to plague retailers in 2023, but the Ace Hardware 2023 Spring Convention brought a breath of hope during an uncertain time. Hosted March 14-16 at the Henry B. Gonzalez Convention …

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Industry Insights: Forward Thinking With John Venhuizen

Industry Insights

What were some challenges in 2022 and how did Ace address them? Inflation is a beast and the “tools” to tackle it—Federal Reserve tightening and interest rate hikes—are all designed toward demand degradation. In uncertain times like these, the natural …

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Ace Hardware Reports Q3 2022 Results

Q3 financials

Ace Hardware Corp. reported record third-quarter 2022 revenues of $2.2 billion, an increase of $203.2 million from the third quarter of 2021. Net income was $100.6 million for the third quarter of 2022, an increase of $1.3 million from the …

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