Franchise Times released its annual Top 400 list recently. The list, which measures the largest franchise systems in the U.S. by global sales, placed Ace Hardware at number five, the same ranking it held in 2022, behind Burger King, KFC, McDonald’s, and 7-Eleven.
Ace posted $23.1 billion in retail sales, a 3.4 percent increase from the prior year. It opened 168 new locations in the U.S. and 232 total new locations worldwide in 2022 for a 2.9 percent unit growth. Ace dealers own their individual stores and are also shareholders in the organization. They do not pay royalty fees or ongoing franchise fees.