AMCON Distributing Company, an Omaha, Nebraska-based convenience and foodservice distributor, announced fully diluted loss per share of $2.58 on a net loss available to common shareholders of $1.6 million for its second fiscal quarter ending March 31, 2025. The wholesale distribution segment reported revenues of $607.6 million and operating income of $2.8 million.
AMCON, with its subsidiaries Team Sledd and Henry’s Foods, is a leading distributor of consumer products, including tobacco, nicotine, beverages, candy, and groceries. It serves Colorado, Idaho, Illinois, Indiana, Minnesota, Missouri, Nebraska, North Dakota, South Dakota, Tennessee, and West Virginia.
“The convenience retailing sector which we serve continues to experience a challenging operating environment with consumer behavior and discretionary spending lagging,” said Christopher H. Atayan, AMCON’s Chairman and CEO. “At the same time, the cost structures for convenience distributors have been impacted by the cumulative impact of inflation over a multi-year period. These inflationary pressures have resulted in higher operating expenses in areas such as product costs, labor and employee benefits, equipment, and insurance, and in additional consolidation across our entire industry.”
