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AMCON Distributing Co. (NASDAQ: DIT) is a leading wholesale distributor of consumer products across the United States. The company, along with its wholly-owned subsidiaries, focuses on providing a wide range of goods, including cigarettes and tobacco products, candy and other confectionery items, beverages, food service products, groceries, paper products, automotive supplies, and health and beauty care products.
The operations of AMCON Distributing Co. are divided into two main segments:
- Wholesale Distribution Segment: This segment is the cornerstone of AMCON's business, distributing consumer products to a variety of retail outlets such as convenience stores, grocery stores, liquor stores, drug stores, and tobacco shops. The company’s distribution network spans the Central, Rocky Mountain, and Southern regions of the United States, ensuring broad market coverage and efficient delivery systems.
- Retail Health Food Segment: AMCON also operates fourteen retail health food stores located in Florida and the Midwest. These stores specialize in natural and organic groceries and dietary supplements, catering to the growing consumer demand for healthy food options.
AMCON's recent achievements include expanding their product lines to address evolving market trends and consumer preferences. The company prides itself on maintaining strong partnerships with suppliers and customers, ensuring a seamless supply chain and high-quality service.
Financially, AMCON Distributing Co. has demonstrated resilience and growth potential, with the majority of its revenue stemming from the wholesale distribution segment. The company continues to leverage its robust logistical capabilities and market expertise to enhance shareholder value.
For the latest updates and news about AMCON Distributing Co., investors can rely on the company’s continuous reporting and transparency in its operations.
AMCON Distributing Company (NYSE American: DIT) has announced a special cash dividend of $0.28 per common share. The dividend will be payable on January 31, 2025 to shareholders of record as of December 30, 2024.
AMCON operates as a Convenience and Foodservice Distributor through thirteen distribution centers across multiple states, including Colorado, Illinois, Indiana, Minnesota, Missouri, Nebraska, North Dakota, South Dakota, Tennessee, and West Virginia. The company, along with its subsidiaries Team Sledd and Henry's Foods, distributes consumer products including beverages, candy, tobacco, groceries, foodservice items, frozen and refrigerated foods, automotive supplies, and health and beauty care products. Additionally, through its Healthy Edge Retail Group, AMCON operates fifteen health and natural product retail stores in the Midwest and Florida.
AMCON Distributing Company (NYSE American: DIT) has announced the acquisition of Arrowrock Supply from Davis-Jones Inc. in Boise, Idaho. The acquisition will strengthen AMCON's presence in the Intermountain West region, with operations continuing from Arrowrock's Boise distribution center.
Post-acquisition, AMCON will service approximately 8,000 locations from 14 distribution facilities across 34 states. The transaction is expected to close in AMCON's second quarter of fiscal 2025, subject to customary closing conditions. AMCON, along with its subsidiaries Team Sledd and Henry's Foods, distributes consumer products including beverages, candy, tobacco, groceries, and automotive supplies through facilities in multiple states.
AMCON Distributing Company reported financial results for fiscal year 2024, achieving $7.15 in fully diluted earnings per share on net income of $4.3 million. The wholesale distribution segment generated revenues of $2.7 billion with operating income of $31.3 million, while the retail health food segment reported revenues of $42.5 million with operating income of $0.1 million. The company expanded its footprint, becoming the third largest Convenience Distributor in the US by territory covered. AMCON's new Springfield, Missouri facility is now fully operational, and the company is developing a 250,000 square foot distribution facility in Colorado City. Shareholders' equity stood at $111.7 million as of September 30, 2024.
AMCON Distributing Company (NYSE American: DIT), a leading Convenience and Foodservice Distributor based in Omaha, Nebraska, has announced a quarterly cash dividend of $0.18 per common share. The dividend is payable on November 13, 2024 to shareholders of record as of November 4, 2024.
AMCON, along with its subsidiaries Team Sledd, and Henry's Foods, Inc., distributes a wide range of consumer products including beverages, candy, tobacco, groceries, foodservice items, frozen and refrigerated foods, automotive supplies, and health and beauty care products. The company operates thirteen distribution centers across ten states: Colorado, Illinois, Indiana, Minnesota, Missouri, Nebraska, North Dakota, South Dakota, Tennessee, and West Virginia.
Additionally, through its Healthy Edge Retail Group, AMCON runs fifteen health and natural product retail stores in the Midwest and Florida.
AMCON Distributing Company (NYSE American: DIT), a leading Convenience and Foodservice Distributor, has declared a quarterly cash dividend of $0.18 per common share. The dividend is payable on August 12, 2024 to shareholders of record as of August 2, 2024. AMCON, along with its subsidiaries Team Sledd, and Henry's Foods, Inc., operates thirteen distribution centers across ten states, distributing a wide range of consumer products including beverages, candy, tobacco, groceries, and automotive supplies. Additionally, through its Healthy Edge Retail Group, AMCON runs fifteen health and natural product retail stores in the Midwest and Florida.
AMCON Distributing Company (NYSE American: DIT) reported fully diluted earnings per share of $2.46 on net income of $1.5 million for Q3 fiscal 2024. Sales reached $717.9 million, with total shareholders' equity at approximately $110.0 million. The company highlighted its customer-centric approach and recent acquisition of Richmond Master Distributors, Inc.
AMCON is facing challenges including labor shortages, supply chain issues, inflation, and rising interest rates. Despite this, the company is investing in strategic areas such as foodservice, technology platforms, and new distribution facilities. AMCON operates 13 distribution centers across 10 states and 15 health and natural product retail stores through its Healthy Edge Retail Group.
AMCON Distributing Company (NYSE American: DIT), a major Convenience and Foodservice Distributor based in Omaha, Nebraska, has finalized its acquisition of Richmond Master Distributors, Inc., located in South Bend, Indiana. The acquisition enhances AMCON's portfolio, which already includes Team Sledd and Henry’s Foods, and extends its reach to thirteen distribution centers across multiple states. AMCON distributes a variety of consumer products such as beverages, candy, and groceries, and operates fifteen retail stores under the Healthy Edge Retail Group brand in the Midwest and Florida.
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