Ace Hardware Has Record Fourth Quarter

Ace Hardware Corporation had record fourth quarter 2020 revenues of $2.1 billion, an increase of $577.6 million, or 39.2 per cent, from the fourth quarter of 2019. Net income was $43.1 million for the quarter, an increase of $39.6 million from the year-ago period. The 28.7 per cent increase in retail same-store-sales during the quarter reported by the approximately 3,300 Ace retailers who share daily retail sales data was the result of a 16.4 per cent increase in average ticket and a 10.5 per cent increase in same-store transactions.