AMCON's 2024 Earnings Fall Y/Y Due to Rising SG&A Costs [Yahoo! Finance]
AMCON Distributing Company (DIT)
NASDAQ:AMEX Investor Relations:
amcon.com
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Source: Yahoo! Finance
Total revenues increased to $2.7 billion, up from $2.5 billion in fiscal 2023, indicating a growth in sales yet a drop in profitability. AMCON's fiscal 2024 reflects a mixed performance, with revenue growth overshadowed by a significant reduction in net income and EPS. Despite the increase in total sales, the company's operational expenses and interest costs have risen, impacting the bottom line. AMCON Distributing Company price-consensus-eps-surprise-chart | AMCON Distributing Company Quote The wholesale distribution segment, a key driver of AMCON's business, posted revenues of $2.7 billion and an operating income of $31.3 million in fiscal 2024, highlighting effective scale expansion and operational efficiency. This segment reported revenues of $42.5 million with a marginal operating income of $0.1 million, suggesting challenges in profitability despite contributing to the revenue stream. In fiscal 2024, AMCON reported a gross profit of $182.4 million, an improvement from
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Sec Filings
- 11/15/24 - Form ARS
- 11/15/24 - Form DEF
- 11/8/24 - Form 10-K
- DIT's page on the SEC website