Home improvement giant Ace Hardware has reported a solid fourth quarter of earnings, with the corporation expressing optimism for the future.

Ace Hardware reached $2.5 billion in revenue in Q4, representing a 9.9 per cent increase over Q4 2024, and managed full-year revenue of $10 billion, a 5.8 per cent year-on-year increase.

This was achieved with a full-year gross profit of $1.3 billion.

“Comparable store growth of 0.7 percent from our hardware format stores, accelerated new store growth, and a 27 percent increase within our digital business fueled a very encouraging 5.8 percent increase in revenue for the year,” said John Venhuizen, president and CEO. 

“With record revenue, record shareholder dividends, and a 40 per cent pre-tax return on shareholder equity, the Ace team is to be commended for the discipline, productivity, and stewardship with which they managed our resources and opportunities.”

As the world’s largest retailer-owned hardware cooperative, Ace reported that 3900 of its retailers that share daily sales data saw Q4 same-store sales fall by 0.1 per cent. However, across the full year, same-store sales increased by 0.2 per cent.

Long-term debt for Ace increased by $140.1 million over 2024. At the end of last year, long-term debt consisted of $374.5 million outstanding on the revolving credit facility, $41.8 million outstanding on the company’s own ARH credit facility, and an additional $50.9 million owed to former retailers.