AMCON Distributing Company Reports Second Quarter Fiscal 2025 Results
OMAHA, Neb., April 2025 – AMCON Distributing Company (“AMCON” or “the Company”) (NYSE American: DIT), a leading Omaha-based convenience and foodservice distributor, today reported a fully diluted loss per share of $2.58 and a net loss of $1.6 million available to common shareholders for its second fiscal quarter ended March 31, 2025.
Challenging Industry Conditions and Strategic Response
“The convenience retail sector continues to face headwinds, with consumer spending and behavior under pressure,” said Christopher H. Atayan, AMCON’s Chairman and Chief Executive Officer. “Rising costs across labor, benefits, products, equipment, and insurance—driven by persistent inflation—have significantly affected distributor cost structures. Despite this, our team is actively integrating recent acquisitions and expanding our footprint to deliver AMCON’s industry-leading programs and services to our customers.”
Atayan also noted that AMCON is pursuing strategic acquisitions aimed at partnering with distributors and families that align with its customer-focused philosophy and long-term business vision.
Operational Focus and Growth
Andrew C. Plummer, President and Chief Operating Officer, highlighted ongoing system integration efforts that support AMCON’s growth as the third-largest convenience distributor in the U.S. by territory covered. “Our commitment to customer service remains central, particularly during adverse weather conditions when supply chain reliability is critical,” he said.
Plummer emphasized the increasing demand for AMCON’s integrated advertising, design, print, and electronic display offerings, which help customers remain competitive. “Foodservice remains a strategic growth area, with our turnkey proprietary programs positioning our retail partners to effectively compete with Quick Service Restaurants,” he added.
Segment Performance
For the fiscal quarter ended March 31, 2025:
- Wholesale Distribution: $607.6 million in revenue and $2.8 million in operating income
- Retail Health Food: $11.9 million in revenue and $0.4 million in operating income
Financial Position and Investment
“We remain focused on maintaining a strong balance sheet and maximizing liquidity,” said Charles J. Schmaderer, Chief Financial Officer. “As of March 31, 2025, shareholders’ equity stood at $111.4 million.”
Schmaderer also noted capital investments being made in the Company’s recently acquired 250,000-square-foot distribution facility in Colorado City, Colorado, which will support growth in the Intermountain Region.
About AMCON
AMCON, together with subsidiaries Team Sledd, LLC and Henry’s Foods, Inc., distributes a wide range of consumer products—including beverages, candy, tobacco, grocery, foodservice, frozen/refrigerated items, automotive supplies, and health/beauty products—through 14 distribution centers across 11 states. AMCON also operates 15 health and natural product retail stores in the Midwest and Florida under its Healthy Edge Retail Group.
Forward-Looking Statements
This press release contains forward-looking statements reflecting current management views regarding future conditions, performance, and results. These statements are subject to risks and uncertainties, including availability of resources and market conditions, which may cause actual results to differ materially. For a full discussion of these risks, refer to Item 1.A. in AMCON’s most recent Form 10-K filing. Past performance is not indicative of future results. The Company claims the protections of the Private Securities Litigation Reform Act of 1995 for all forward-looking statements.