AMCON Distributing Company (DIT) reports developments tied to its convenience and foodservice distribution business and its health and natural products retail operations. The company distributes consumer products such as beverages, candy, tobacco, groceries, foodservice items, frozen and refrigerated foods, automotive supplies, and health and beauty care products through a multi-state distribution network that includes Team Sledd, LLC and Henry’s Foods, Inc.
Recurring AMCON news includes quarterly and annual operating results, wholesale distribution and retail health food segment performance, cash dividends, stock dividends, and updates on customer-focused foodservice, merchandising, advertising, design, print, and electronic display programs. Company releases also describe Healthy Edge Retail Group stores in the Midwest and Florida and management commentary on convenience distribution strategy.
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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