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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.
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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 Distributing Co. (DIT)?
The current stock price of AMCON Distributing Co. (DIT) is $135.01 as of December 20, 2024.
What is the market cap of AMCON Distributing Co. (DIT)?
The market cap of AMCON Distributing Co. (DIT) is approximately 85.2M.
What does AMCON Distributing Co. specialize in?
AMCON Distributing Co. specializes in the wholesale distribution of consumer products including cigarettes, tobacco, confectionery, groceries, and health and beauty care products. They also operate retail health food stores in Florida and the Midwest.
What are the main business segments of AMCON Distributing Co.?
The main business segments are the Wholesale Distribution Segment and the Retail Health Food Segment.
Where does AMCON Distributing Co. operate?
AMCON operates in the Central, Rocky Mountain, and Southern regions of the United States for its wholesale distribution, and in Florida and the Midwest for its retail health food stores.
What products are distributed by AMCON?
AMCON distributes a variety of products including cigarettes, tobacco products, candy and confectionery, beverages, groceries, food service items, paper products, automotive supplies, and health and beauty care items.
What are AMCON’s retail health food stores focused on?
AMCON’s retail health food stores focus on providing natural and organic groceries and dietary supplements.
How does AMCON generate most of its revenue?
The majority of AMCON's revenue is generated from its Wholesale Distribution Segment.
Who are AMCON's primary customers?
AMCON's primary customers include convenience stores, grocery stores, liquor stores, drug stores, and tobacco shops.
What recent achievements has AMCON made?
AMCON has recently expanded its product lines to cater to changing consumer preferences and trends.
What makes AMCON a reliable distributor?
AMCON's strong supplier and customer partnerships, along with its efficient supply chain and delivery systems, make it a reliable distributor.
Where can I find the latest news about AMCON?
The latest news about AMCON can be found through the company's continuous reporting and transparency in its operations.
AMCON Distributing Co.
NYSE:DIT
DIT Rankings
DIT Stock Data
85.21M
174.16k
73.02%
11.19%
0.06%
Food Distribution
Wholesale-groceries, General Line
United States of America
OMAHA