True Value profit rises 3.4% in Q3

Chicago -- True Value Co. reported Tuesday that profit for the third quarter increased 3.4% to $18.1 million, compared with $17.5 million in the year-ago period. Revenue rose 3.6% to $445.7 million, from $430.2 million. According to the cooperative, 788,000 sq. ft. of retail space has been covered to its recommended Destination True Value prototype so far this fiscal year, up 13.5 % from 694,000 sq. ft. last year.