AMCON DISTRIBUTING CO

AMCON Distributing Company

Company at a glance

• Incorporated in Delaware in 1986.
• Dual-listed on the NYSE American and the NYSE Texas (ticker: DIT).
• Serves customers in 35 states through two segments: Wholesale and Retail.
• Information covers fiscal years 2026 and 2025 (year ends September 30).

Segments

Wholesale Segment

• One of the largest U.S. wholesale distributors, serving approximately 8,200 retail outlets (convenience stores, grocery stores, liquor stores, drug stores, tobacco shops, etc.).
• Distributes over 20,000 consumer products, including cigarettes, tobacco, candy, beverages, groceries, paper products, health and beauty care, frozen/refrigerated items, and institutional foodservice products.
• Operates 13 distribution centers across Colorado, Idaho, Illinois, Indiana, Minnesota, Missouri, North Dakota, Nebraska, Ohio, South Dakota, Tennessee, and West Virginia; these facilities plus cross-dock operations total about 1.7 million square feet of permanent floor space.
• Major suppliers include Altria, RJ Reynolds, ITG Brands, Hershey, Kellanova, Kraft Heinz, Mars Wrigley, General Mills, Procter & Gamble, Ferrero, and others; also sources private-label products (water, candy, batteries, etc.) on behalf of retailers.
• Does not maintain long-term purchase contracts with suppliers; participates in vendor programs to support in-stock positions.
• Recent activity: purchased an Ohio distribution facility for $8.0 million using revolving credit; sold two smaller distribution facilities (North Dakota and Illinois) for total proceeds of about $5.6 million, generating a pretax gain of approximately $1.8 million.
• Market position: third-largest convenience store distributor by geographic territory served, benefiting from scale, broad product lines, and distribution capabilities.

Retail Segment

• Operates 15 health-food retail stores under Chamberlin’s Natural Foods, Akin’s Natural Foods, and Earth Origins Market banners through Healthy Edge Retail Group.
• Focused on natural and organic groceries with a broad assortment of over 32,000 national, regional, and private-label products, including specialty foods, vitamins, supplements, personal care items, and general merchandise.
• Stores are located in the Midwest and Florida.

Scale and footprint

• Geographic reach: 35 U.S. states.
• Wholesale footprint: 13 distribution centers plus cross-dock facilities.
• Retail footprint: 15 health-food stores.
• Total distribution center space: approximately 1.7 million square feet of permanent floor space.

Customers and market presence

• Wholesale serves roughly 8,200 retail outlets.
• Retail stores target natural/organic and wellness-focused consumers across the Midwest and Florida.

Employment and labor

• As of September 2026: 1,465 employees (1,314 full-time and 151 part-time).
• Employee roles include managerial, administrative, delivery, sales/marketing, and warehouse staff.
• About 30 wholesale delivery drivers are represented by the IAMAW in Quincy, Illinois; the union agreement expires in November 2026 and the company is negotiating renewal.

Product mix and revenue indicators

• Fiscal 2026: cigarette distribution accounted for approximately 64% of consolidated revenue; other products represented approximately 36%.
• Fiscal 2025: cigarettes accounted for approximately 61% of consolidated revenue; other products represented approximately 39%.

Operational details

• Sources private-label lines (water, candy, batteries, etc.) and participates in manufacturer-sponsored programs to support in-stock positions.
• Operates in regulated environments (FDA, USDA) and emphasizes product quality, food safety, and compliance.

Corporate and contact information

• Principal executive offices: 7405 Irvington Road, Omaha, Nebraska 68122.
• Phone: 402-331-3727
• Website: www.amcon.com
• Provides free access to SEC filings via its website.

Summary

AMCON Distributing Company operates as a dual-segment distributor and retailer. The Wholesale segment is focused on cigarette distribution alongside a broad mix of consumer products and a multi-state distribution network. The Retail segment operates 15 natural and organic grocery stores. The company maintains wide geographic reach, substantial distribution capacity, and a workforce of approximately 1,465 employees.