The Ace Hardware Spring 2024 Convention will be March 12-14, in Dallas, Texas, at the Kay Bailey Hutchison Convention Center.
Ace Hardware Corp. reported consolidated revenues for fiscal 2023 of $9.1 billion, a decrease of $38.7 million, or 0.4%, as compared to the prior year.
Ace also reported income for full year 2023 was $1.478 billion, up $117 million from full year 2022 income of $1.361 billion.
The Oak Brook, Illinois-based company reported Q4 revenue of $2.124 billion, a decrease of $67 million, or 3%, from Q4 last year which saw $2.191 billion. Q4 income was $310 million, up from the $264 million Q4 last year.
“While Q4 revenue was disappointing, the miss is entirely a result of lower sales on winter goods as a result of a particularly mild December,” said John Venhuizen, president and CEO.
Decreases in Q4 were seen across a majority of departments with plumbing, outdoor power equipment, and grilling showing the largest declines, said Ace.
The approximately 3,700 domestic Ace stores that share daily sales data reported a 5.2% decrease in retail same-store-sales during the fourth quarter of 2023, which was the result of a 3.2% decrease in same-store transactions and a 2.0% decrease in average ticket, reported Ace.