Financial Results AMCON Distributing Company Announces Q1 2025 Performance
Financial Results AMCON Distributing Company (“AMCON” or “the Company”) (NYSE American: DIT), a prominent convenience and foodservice distributor headquartered in Omaha, Nebraska, has released its financial results for the second fiscal quarter ended March 31, 2025. Financial Results The Company reported a fully diluted loss per share of $2.58, representing a net loss available to common shareholders of $1.6 million. These results reflect the ongoing headwinds facing the broader convenience retailing and distribution sectors.
Chairman and Chief Executive Officer Christopher H. Atayan commented on the results, emphasizing the broader economic and sector-specific pressures contributing to the Company’s performance. “The convenience retailing sector, which forms the core of our business, continues to operate in a complex and evolving landscape. Shifts in consumer behavior, coupled with reduced discretionary spending, are placing added pressure on margins,” said Atayan. “Additionally, distributors like AMCON are experiencing a cumulative impact from inflationary forces that have built up over several years. Financial Results These pressures are being felt across key operational areas including product sourcing, labor and employee compensation, equipment procurement, and insurance costs.”
Atayan also pointed to the structural shifts occurring within the industry, highlighting an accelerated pace of consolidation among distributors. He explained that AMCON’s strategy remains focused on navigating this environment through effective integration of its recent acquisitions and expansion into new facilities. “Our management team is actively engaged in integrating new acquisitions and recently added distribution centers to enhance the scope and effectiveness of AMCON’s industry-leading suite of customer programs and services,” he said. “We remain committed to identifying and pursuing strategic acquisition opportunities, particularly with companies and family-owned distributors who are aligned with our customer-first philosophy and who are looking to preserve and extend their legacies within a supportive, growth-oriented platform.”
President and Chief Operating Officer Andrew C. Plummer expanded on the operational advancements the Company is undertaking to solidify its position in the industry. “Our system integration initiatives are progressing steadily and have positioned us as Financial Results the third-largest convenience distributor in the United States in terms of territory coverage,” said Plummer. “These upgrades are not just about infrastructure—they reflect our long-standing operational philosophy centered on delivering exceptional customer service.”
He further noted that this customer-centric strategy has proven especially valuable in challenging operational conditions, such as adverse weather events. “Our ability to ensure a reliable and timely supply chain during such disruptions is a key differentiator for our retail partners,” Plummer added. “We are also seeing growing enthusiasm among our customers for our integrated advertising, design, print, and digital display offerings. These services provide our retail clients with a distinctive competitive edge at the point of sale, allowing them to attract and retain more customers in a crowded market.”
Plummer also reaffirmed AMCON’s long-term commitment to its foodservice operations, which remain a central pillar of the Company’s growth strategy. “Foodservice continues to represent a dynamic growth avenue for AMCON,” he said. “Our portfolio of proprietary foodservice programs and in-store merchandising solutions is unrivaled in the convenience distribution space. We’re now in a position to offer our retail partners fully integrated, turnkey solutions that empower them to effectively compete with national quick service restaurant (QSR) chains.”
Segment Performance Breakdown
For the fiscal quarter ended March 31, 2025, AMCON’s wholesale distribution segment posted revenues of $607.6 million, generating an operating income of $2.8 million. Meanwhile, the Company’s retail health food segment—operated through its Healthy Edge Retail Group—reported revenues of $11.9 million and an operating income of $0.4 million. These results demonstrate the strength and resilience of AMCON’s diversified business model, despite the broader economic challenges.
Financial Stability and Investment in Infrastructure
Chief Financial Officer Charles J. Schmaderer noted that prudent financial management remains a key priority for the Company. “We continue to place significant emphasis on maintaining a robust balance sheet and ensuring adequate liquidity across all areas of operation,” said Schmaderer. “As of March 31, 2025, shareholders’ equity stood at a healthy $111.4 million.”
He also shared updates on capital investment initiatives, specifically highlighting AMCON’s recent acquisition of a substantial distribution facility. “We are currently investing in the development of a newly acquired 250,000 square foot distribution center located in Colorado City, Colorado,” he said. “This facility is a crucial component of our strategic expansion in the Intermountain Region and is designed to support the growth objectives of our customer base in that area.”
Company Overview and Operational Footprint
AMCON, together with its subsidiaries including Team Sledd, LLC and Henry’s Foods, Inc., is a leading distributor of consumer products to the convenience and foodservice sectors. The Company’s product categories span a wide range, including beverages, candy, tobacco, groceries, frozen and refrigerated items, automotive supplies, and health and beauty care products. AMCON operates a total of 14 distribution centers across 11 states: Colorado, Idaho, Illinois, Indiana, Minnesota, Missouri, Nebraska, North Dakota, South Dakota, Tennessee, and West Virginia.
In addition to its distribution capabilities, AMCON’s Healthy Edge Retail Group operates 15 health and natural product retail stores across the Midwest and Florida, serving a growing segment of health-conscious consumers.
