Ace Hardware results down in Q3

OAK BROOK, Ill. — Ace Hardware Corporation has reported third-quarter 2016 revenues of $1.2 billion, a decrease of $46.5 million or 3.6%from the third quarter of 2015. Net income was $50.2 million for the third quarter of 2016, down $4.1 million from the third quarter of 2015. Same-store sales were up a modest 0.8%, the result of a 2.2%increase in average transaction size. For the first nine months of 2016, retail same-store-sales are up 1.9%.