Ace Hardware Sees Fourth Quarter Loss

Ace Hardware Corporation had a net loss of $4.6 million for the fourth quarter of 2022, a decrease of $13.9 million compared to net income of $9.3 million year over year. Revenue was $2.2 billion, an increase of six per cent compared to $2.1 billion from the year-ago period. Gross profit was $264 million, a decrease of 2.6 per cent compared to $271 million from the prior-year period.