Ace reports Q4 gains

OAK BROOK, Ill. — Ace Hardware reported Q4 revenues of $1.2 billion, an increase of $67.6 million or 5.8% from a year ago. Net income was $21.5 million, an increase of $9.4 million or 77.7% from the close of 2015. Consolidated revenues for the full year were $5.1 billion, an increase of $80.5 million or 1.6% compared to the prior year. Annual net income was $161.2 million, an increase of $5.0 million or 3.2%. The 4.4% increase in retail same-store-sales during the quarter reported by the approximately 3,000 Ace retailers who share daily retail sales data was the result of increased customer count and average transaction size. Same-store-sales at these stores were up 2.5% for the full year.