Oak Brook, Ill.-based Ace Hardware Corp. reported total revenues of $1.071 billion for the second quarter of 2012, up 4.8% from 2011.
Merchandise sales to comparable domestic stores increased 4.3%, in the second quarter of 2012 compared with the prior year. Net income, however, declined to $14.9 million, compared with $34.6 million earned in 2011.