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Nov 28, 2022

Average Ticket Increase Helps Ace Hardware Revenues

Ace Hardware Corporation had revenues of $2.2 billion in the third quarter of 2022, an increase of 10 per cent over the third quarter of 2021. Wholesale revenues increased 10.8 per cent and retail revenues increased 2.3 per cent year over year. Same store sales increased 5.8 per cent year over year and the average ticket increased 9.5 per cent. Overall net income for the quarter was $100.6 million, an increase of $1.3 million from the third quarter of 2021.

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