#Retail salesx 4th quarter 2017 drivers
#Retail salesx 4th quarter 2017 full

Power award for highest customer satisfaction. “I’m also encouraged to report that 2017 marked the fifth-straight year of increased customer transactions at retail, the sixth-straight year of net new store count growth, the eighth-straight year of increased same-store-sales, and the eleventh-straight year receiving the J.D.

#Retail salesx 4th quarter 2017 drivers

“New store growth, a 3.1 percent increase in same-store retail sales, along with revenues from our acquisition of The Grommet at the end of the last quarter, were the predominant drivers behind our strong 6.8 percent overall sales increase and record setting fourth quarter revenue,” said John Venhuizen, President and CEO. Excluding these unbudgeted charges, the Company’s net income for fiscal 2017 exceeded its 2017 plan. This decrease was the result of a charge of $4.1 million due to the new tax legislation enacted in 2017 as well as $9.5 million of after-tax charges to reposition the warehouse and call center network to support future growth. Net income for fiscal 2017 was $147.4 million, a decrease of $13.8 million, from fiscal 2016.

This decrease included a charge of $4.1 million due to the new tax legislation enacted in 2017 as well as increased warehouse costs incurred as part of the warehouse network reconfiguration. Net income was $14.2 million for the fourth quarter of 2017, a decrease of $7.3 million from the fourth quarter of 2016. Patronage dividends to retailers will exceed $150 million for the second straight yearĪce Hardware Corporation (“Ace” or the “Company”), the largest retailer-owned hardware cooperative in the world, today reported fourth quarter 2017 revenues of $1.32 billion, an increase of $84.0 million, or 6.8 percent, from the fourth quarter of 2016.Fourth quarter and full-year profits down due to tax charge from new legislation and warehouse network reconfiguration costs.same-store-sales up 3.6 percent for the year

#Retail salesx 4th quarter 2017 full

Record full year revenues of $5.4 billion, an increase of 5.1 percent from last year.

same-store-sales up 3.1 percent during the quarter

Record fourth quarter revenues of $1.3 billion, an increase of 6.8 percent from last year.