July 29, 2016 12:01 PM ET

Trading Companies and Distributors

Company Overview of True Value Company

Company Overview

True Value Company operates as a member-owned wholesaler cooperative of hardware and related merchandise in the United States and internationally. It also manufactures and sells paint and paint applicators. In addition, the company offers value-added services, such as marketing, advertising, merchandising, and store location and design services. Further, it provides interest-bearing loans to retailers to remodel, expand, relocate, or open new stores. The company sells its products primarily to hardware retailers, industrial distributors, garden centers, and rental retailers. As of March 8, 2016, it operated approximately 4,500 retail locations under the store identities of True Value, Grand ...

8600 West Bryn Mawr Avenue

Chicago, IL 60631

United States

Founded in 1948

2,800 Employees

Phone:

773-695-5000

Key Executives for True Value Company

Chief Executive Officer and President
Age: 52
Chief Financial Officer and Senior Vice President
Age: 53
Chief Operating Officer and Senior Vice President
Chief Information Officer and Senior Vice President
Chief Customer Officer and Senior Vice President of Marketing
Age: 56
Compensation as of Fiscal Year 2016.

True Value Company Key Developments

True Value Company Reports Revenue Results for the First Quarter Ended April 2, 2016

True Value Company reported revenue results for the first quarter ended April 2, 2016. For the quarter, retail comparable store sales increased 0.7% compared to the same period of 2015. Wholesale comparable store sales, on a gross billings basis, were up 1.7% for the first quarter ended April 2, 2016, compared to the same period of 2015. DTV comparable store sales were up 1.3% for the first quarter ended April 2, 2016, compared to the same period of 2015. The company reported gross billings of $510.2 million for the first quarter ended April 2, 2016, up 3.3% or $16.2 million from the same period of 2015. Revenue for the first quarter ended April 2, 2016 was $356.8 million, an increase of 0.8% or $3 million, compared to the same period of 2015.

True Value Company Reports Earnings Results for the First Quarter Ending April 2, 2016

True Value Company reported earnings results for the first quarter ending April 2, 2016. For the quarter, the company reported revenue was $356.8 million, an increase of 0.8% or $3.0 million. This decrease was partially offset by favorable lawn & garden product sales as a result of the mild winter. The cooperative planned for a loss in the first quarter of 2016, posting a net loss of $5.4 million, down $3.7 million compared to net loss of $1.7 million from a year ago. The net margin decrease was driven by planned investment expense incurred in connection with the execution of the strategic plan.

True Value Company Reports Earnings Results for the Year Ended January 2, 2016

True Value Company reported earnings results for the year ended January 2, 2016. For the year, the company reported that net margin was $19.04 million, compared to $41.1 million for the year ended January 3, 2015. Revenue was $1.5 billion, compared to $1.49 billion for the year ended January 3, 2015. Net margin before income taxes for the year ended January 2, 2016 was $19.08 million, compared to $41.11 million for the year ended January 3, 2015.

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