Ace Hardware Reports Record Third-Quarter Revenue

Ace Hardware Corporation reported record third-quarter 2025 revenues of $2.5 billion, up 5.5 percent from the same period in 2024, driven by higher wholesale volume, strong retail performance, and a surge in digital sales. Net income for the quarter reached $99.7 million, a 0.7 percent increase from last year, despite $17.8 million in non-recurring impairment charges tied to international operations.

“Ace had a very strong third quarter,” said John Venhuizen, president and CEO. “I’m delighted to report a 5.5 percent increase in revenue, a 1.6 percent increase in same-store sales, and a 34.9 percent surge in our digital business.”

Wholesale and Retail Growth

Wholesale revenues rose 5.6 percent to $2.3 billion, led by gains in outdoor power equipment, grilling, fertilizers, power tools, and impulse items. Ace Wholesale Holdings posted a 25.4 percent revenue increase due to new customer growth. Retail revenues from Ace Retail Holdings climbed 4.8 percent to $213.1 million, with Great Lakes Ace up 4.6 percent and Westlake Ace up 0.6 percent in same-store sales.

Ace added 41 new domestic stores and closed 16 during the quarter, bringing its total U.S. count to 5,220 locations, 127 more than a year ago.

Digital and Financial Highlights

Digital revenue rose 34.9 percent year-over-year, reflecting continued investment in online ordering and omnichannel integration. Gross profit increased 9.3 percent to $445.8 million, while shareholder dividends climbed 15.8 percent to $122.1 million.

Operating expenses rose because of international impairment charges, compensation growth, and higher supply-chain spending. The company also reported $4.1 million in additional income from an insurance recovery related to its 2023 cybersecurity incident.

At quarter-end, Ace reported $472 million outstanding on its revolving credit facility and long-term debt totaling $503.7 million.