ACE HARDWARE REPORTS FIRST QUARTER 2024 RESULTS
May 16, 2024
May 16, 2024
OAK BROOK, Illinois, May 16 (TNSres) -- Ace Hardware, a retailer-owned hardware cooperative, issued the following news on May 15, 2024:
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* First quarter revenues of $2.1 billion, an increase of 2.5 percent
* First quarter net income of $46.9 million, a decrease of 29.2 percent
* Accrued patronage dividend to shareholders of $76.5 million, a decrease of 13.5 percent from the first quarter of 2023
* Ranked the #5 best franchise . . .
* * *
* First quarter revenues of $2.1 billion, an increase of 2.5 percent
* First quarter net income of $46.9 million, a decrease of 29.2 percent
* Accrued patronage dividend to shareholders of $76.5 million, a decrease of 13.5 percent from the first quarter of 2023
* Ranked the #5 best franchise . . .