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Amcon Dist Co - DIT STOCK NEWS

Welcome to our dedicated page for Amcon Dist Co news (Ticker: DIT), a resource for investors and traders seeking the latest updates and insights on Amcon Dist Co stock.

Company Overview

Amcon Distributing Co (DIT) is a multifunctional consumer product distributor operating predominantly in the wholesale sector with a complementary retail health food segment. Specializing in wholesale distribution and consumer products such as tobacco products, confectionery, beverages, food service items, groceries, paper products, automotive supplies, and health and beauty products, the company plays an essential role within the supply chain for convenience outlets, grocery chains, drug stores, and specialty retailers.

Business Segments

The company is organized into two primary segments:

  • Wholesale Distribution: This segment is focused on delivering a wide range of consumer products to an extensive network of retail establishments including convenience stores, grocery stores, liquor stores, drug stores, and specialty tobacco shops. Operating in the Central, Rocky Mountain, and Southern regions of the United States, this segment has established a robust distribution network that emphasizes product availability and timely delivery.
  • Retail Health Food: Complementing its wholesale operations, Amcon runs a series of retail health food stores located in Florida and the Midwest. These stores cater to customers seeking natural and organic groceries, dietary supplements, and specialty health products, highlighting the company’s versatile market reach and deep understanding of niche consumer trends.

Operational Excellence and Market Position

Amcon Distributing Co is recognized for its comprehensive logistical operations and strategic market presence. The company leverages efficient supply chain management, operational expertise, and a keen understanding of regional market dynamics to ensure superior distribution performance. Its ability to maintain consistent product flows to various retail channels reflects a high level of operational competence and adaptability in a competitive and ever-evolving market environment.

Competitive Landscape

Amcon distinguishes itself within a broadly competitive sector by combining scale with focused regional strategies. While many competitors may operate on a national scale, Amcon’s strategic segmentation into wholesale and retail divisions allows for tailored operational practices that address both high-volume and specialty market needs. The company emphasizes quality customer service, reliable product availability, and a diversified product mix as its key competitive differentiators.

Product Diversity and Supply Chain Resilience

The broad spectrum of consumer products provided by Amcon ensures that it acts as a critical supply chain partner for a variety of retail formats, from everyday convenience and grocery stores to specialized tobacco shops and health food establishments. The integrated operations between wholesale and retail segments enable the company to maintain supply chain resilience and operational flexibility, which is essential in meeting diverse consumer demands and adapting to market fluctuations.

Industry Keywords and Insights

Throughout its operations, Amcon leverages industry-specific terminology such as wholesale distribution, consumer logistics, and natural/organic grocery to articulate its business strategies within the industry. This focus on precise language not only reinforces its market position but also provides investors and industry analysts with clear insights into the key operational areas of the business.

Summary

In summary, Amcon Distributing Co operates with a dual focus that efficiently serves both mass-market and niche retail outlets. Its dominant wholesale distribution segment is underpinned by a strong logistical framework, while its retail health food stores offer specialized products to targeted regions. By maintaining a diversified product portfolio and a strategically segmented market approach, the company embodies operational efficiency and market responsiveness in the competitive landscape of U.S. consumer product distribution.

Rhea-AI Summary
AMCON Distributing Company, listed on NYSE American as DIT, has acquired Richmond Master Distributors, Inc. The acquisition aims to continue the legacy of Master Distributors founded in 1947, expanding AMCON's reach to approximately 7,900 locations in 33 states. The transaction is expected to close in AMCON's third quarter of fiscal 2024.
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AMCON Distributing Company reports solid financial results for the quarter ended March 31, 2024, with diluted earnings per share of $0.89 and net income of $0.5 million. Despite challenges like labor shortages and supply chain issues, the company's customer-centric approach remains a competitive advantage. The recent acquisition of Burklund Distributors, Inc. and focus on foodservice, technology, and geographic expansion highlight AMCON's strategic growth initiatives.
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AMCON Distributing Company announces the acquisition of Burklund Distributors, Inc., expanding its reach in consumer products distribution.
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AMCON Distributing Company (DIT) acquires Burklund Distributors, Inc., expanding its reach to 7,400 locations in 32 states. The acquisition aims to continue the legacy of the third-generation family business and enhance customer service.
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AMCON Distributing Company (DIT) acquires a new distribution facility in Colorado City, Colorado, expanding its operations and enhancing service for customers in the Rocky Mountain, Intermountain, and Southwest regions. The facility features significant refrigerated and frozen capabilities, aligning with AMCON's strategic growth objectives.
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AMCON Distributing Company, a consumer products company based in Omaha, Nebraska, has declared a quarterly cash dividend of $0.18 per common share. The dividend is payable on February 12, 2024, to shareholders of record as of February 2, 2024. AMCON operates as a leading Convenience Distributor of consumer products with distribution centers in several states and also runs health and natural product retail stores in the Midwest and Florida.
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AMCON Distributing Company (NYSE American: DIT) reports fully diluted earnings per share of $1.78 and net income of $1.1 million for the first fiscal quarter ended December 31, 2023. The company faces challenges due to labor shortage, supply chain issues, inflation, energy price volatility, and rising interest rates. Despite this, the customer-centric approach has enabled the management team to ensure a timely flow of goods and services. AMCON is actively pursuing strategic acquisition opportunities in the Convenience Distributor and Foodservice sectors and is investing heavily in foodservice and technology platforms. The company's shareholders' equity was $106.9 million as of December 31, 2023, and a new 175,000 square foot distribution facility in Springfield, Missouri became partially operational in the first fiscal quarter.
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AMCON Distributing Company (DIT) declares a special cash dividend of $0.28 per common share, payable on January 17, 2024, to shareholders of record as of January 8, 2024. AMCON is a leading consumer products company and convenience distributor servicing approximately 7,000 retail stores and operating seventeen health and natural product retail stores.
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AMCON Distributing Company (DIT) reports fully diluted earnings per share of $19.46 and net income available to common shareholders of $11.6 million for fiscal year 2023. Despite numerous operating challenges, the wholesale distribution segment reported revenues of $2.5 billion and operating income of $39.7 million, while the retail health food segment reported revenues of $43.1 million and an operating loss of $0.7 million. The company's strategic focus is on driving the growth of its foodservice business through Henry's Foods subsidiary, investing in technology platforms, expanding its geographic reach, and developing a new distribution facility in Springfield, Missouri.
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AMCON Distributing Company declares quarterly cash dividend of $0.18 per common share.
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FAQ

What is the current stock price of Amcon Dist Co (DIT)?

The current stock price of Amcon Dist Co (DIT) is $122.73 as of April 3, 2025.

What is the market cap of Amcon Dist Co (DIT)?

The market cap of Amcon Dist Co (DIT) is approximately 75.5M.

What are the primary business segments of Amcon Distributing Co?

Amcon Distributing Co operates in two main segments: a wholesale distribution segment that supplies a wide range of consumer products to various retail outlets, and a retail health food segment that operates specialty stores offering natural and organic groceries.

Which product categories does the company distribute?

The company distributes a diversified range of consumer products including cigarettes, tobacco products, confectionery items, beverages, food service supplies, groceries, paper products, automotive products, and health and beauty care items.

In which regions does Amcon primarily operate?

The wholesale distribution segment primarily serves the Central, Rocky Mountain, and Southern regions of the United States, while the retail health food segment operates in select markets in Florida and the Midwest.

How does Amcon ensure supply chain efficiency?

The company employs robust logistics and distribution strategies to ensure timely delivery and product availability across its network. Its integrated approach between wholesale and retail segments enhances operational flexibility and supply chain resilience.

How does Amcon differentiate itself from competitors in the distribution sector?

Amcon differentiates itself by combining a broad, diversified product portfolio with strategic regional segmentation. This tailored approach allows the company to meet both mass-market and niche consumer needs while emphasizing quality service and operational excellence.

What role does the retail health food segment play in the company’s strategy?

The retail health food segment allows Amcon to serve a niche market that demands natural and organic products. By operating specialty stores in Florida and the Midwest, the company complements its wholesale operations and diversifies its revenue streams.
Amcon Dist Co

NYSE:DIT

DIT Rankings

DIT Stock Data

75.52M
174.16k
73.02%
11.25%
0.27%
Food Distribution
Wholesale-groceries, General Line
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United States
OMAHA