Company Overview of True Value Company
True Value Company operates as a member-owned wholesaler cooperative of hardware and related merchandise in the United States and internationally. The company also manufactures and sells paint and paint applicators. In addition, it offers value-added services, such as marketing, advertising, merchandising, and store location and design services. Further, it provides interest-free or low-interest bearing loans to retailers to remodel, expand, relocate, and open branch or new Destination True Value format stores. It sells its products primarily to hardware retailers, industrial distributors, garden centers, and rental retailers. As of March 16, 2015, the company operated approximately 4,500 re...
8600 West Bryn Mawr Avenue
Chicago, IL 60631
Founded in 1948
Key Executives for True Value Company
Chief Executive Officer and President
Chief Financial Officer and Senior Vice President
Chief Operating Officer and Senior Vice President
Chief Information Officer and Senior Vice President
Chief Customer Officer and Senior Vice President of Marketing
Compensation as of Fiscal Year 2015.
True Value Company Key Developments
True Value Company Reports Sales Results for the Third Quarter and Nine Months Ended October 3, 2015
Nov 17 15
True Value Company reported sales results for the third quarter and nine months ended October 3, 2015. For the quarter, the company's revenue was $365.5 million, an increase of 4.2% or $14.8 million.
For the nine-month, the company reported revenue of $1,151.2 million, an increase of 3.6% or $39.5 million from $1,111.7 million for the same period a year ago. The higher revenue in the period was mainly due to the timing of the Fall Reunion that was held in September of 2015 compared to October of 2014, as well as higher sales volume and the comparability of the weeks included in the year-to-date periods. Retail comparable store sales up 3.4% year-to-date and wholesale comparable store sales up 3.6% year-to-date.
True Value Company Announces Earnings Results for the Second Quarter and Six Months Ended July 4, 2015
Aug 17 15
True Value Company announced earnings results for the second quarter and six months ended July 4, 2015. The company reported gross billings of $573.6 million for the quarter ended July 4, 2015, up 1.0% or $5.6 million from the same period a year ago. Revenue was $431.9 million, an increase of 0.6% or $2.4 million.
For the six-month period ending July 4, 2015, True Value reported gross billings of $1,067.6 million, up 3.8% or $39.5 million from $1,028.1 million for the same period a year ago. True Value reported revenue of $785.8 million, an increase of 3.3% or $24.8 million from $761.0 million for the same period a year ago.
True Value Announces National Lumber and Hardware as the New Purchasing Partner of the Cooperative
Jun 23 15
True Value Company announced National Lumber and Hardware as the new purchasing partner of the cooperative.
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