Ace Hardware revenue grows to record $2.3B in Q3

Quick Summary:

Operating expenses also rose nearly 13% in the quarter as the company invests in store openings, marketing and more ad spending.

The changes include new product assortments, the addition of store-in-store brand showrooms and enhanced customer service.

"I’m never particularly pleased to report a decline in net income, but it was almost exactly on plan and nearly $100 million for the three-month period.

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Article Details

Author / Journalist: Nate Delesline III

Category: EconomyBusiness

Markets: United States

Topics: Rose Store Operating Stores Year Ace’s Hardware Revenue Investments Quarter Expenses

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-18 @ 12:24:00 (19 hours ago)

News Timezone: GMT +8:00

News Source URL: retaildive.com

Language: English

Article Length: 347 words

Reading Time: 2 minutes read

Sentences: 17 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Retail Dive

News ID: 23671473

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