What the CEO said: “Revenue and income now stand 44% and 66% higher than just three years ago. Despite, and in some cases because of rampant inflation, the Ace team continues to deliver superior financial results and exceptional customer service to and for our neighbors,” said John Venhuizen, president and CEO.
Ace said it added 35 new domestic stores in the third quarter of 2022 and cancelled 10 stores. The company’s total domestic store count was 4,841 at the end of the third quarter of 2022 which was an increase of 82 stores from the third quarter of 2021.
On a worldwide basis, Ace added 37 stores in the third quarter of 2022 and cancelled 15, bringing the worldwide store count to 5,682 at the end of the third quarter of 2022, said the company.
Company info: Click HERE to read the Q3 2022 financial report from Ace Hardware.