Boosted by store growth and crisp sales of outdoor living, paint and lawn and garden, Ace Hardware Corporation Tuesday reported second quarter 2016 revenues of $1.4 billion, an increase 0.6% from second quarter 2015.
Net income was up 5.8% to $63.4 million, the second highest in company’s history.
“New store growth was the primary driver of our record revenue,” said John Venhuizen, president and CEO. “While records are nice, we are not satisfied with the growth as the enterprise and our retailers are working far too hard to settle for modest increases. Given their collective and effective execution year-to-date, I remain optimistic about accelerating both our growth and earnings going forward.”
