DIT · AMCON Distributing Company

AMCON Distributing Company reported financial results for its second fiscal quarter ended March 31, 2026, showing a net loss of $2.2 million, which represents a deterioration from the $1.6 million net loss reported in the same quarter last year. The diluted loss per share of $2.34 also worsened from the $1.72 loss per share in the prior year period. While total sales increased significantly to $715.7 million from $619.5 million in the comparable quarter, this revenue growth was offset by higher costs. The company's gross profit remained relatively stable at $43.5 million compared to $43.0 million last year, but operating income turned negative at $(0.4) million, down from positive $0.5 million in the prior year quarter. Management commentary highlighted inflationary pressures impacting cost structures across product costs, labor, employee benefits, equipment, and insurance over a multi-year period. The wholesale distribution segment reported revenues of $703.9 million with operating income of $2.2 million, while the retail health food segment contributed $11.8 million in revenues with $0.1 million in operating income. The company continues to emphasize its customer-focused approach and proprietary foodservice programs while actively seeking strategic acquisition opportunities in the convenience and foodservice distribution sector. As of March 31, 2026, shareholders' equity stood at $112.4 million, and the company paid a quarterly dividend of $0.31 per common share.