Ace Hardware posts record results

OAK BROOK, Ill. — Ace Hardware Corp. reported that it saw record Q3 sales and profits. Revenues of $2 billion represented an increase of $470.4 million, or 30.7 percent, from the comparable period in 2019. Net income for the quarter was $98.7 million, up $38.2 million from a year prior. U.S. same-store-sales increased by 28.9 percent, while sales via the online channel surged by 221 percent.