earnings
confidence high
sentiment positive
materiality 0.80
AMCON reports FY2023 EPS of $19.46 on net income $11.6M, revenue $2.54B
AMCON DISTRIBUTING CO
2023-FY EPS reported
$19.46
revenue$2,539,994,999
- Wholesale distribution revenue $2.5B, operating income $39.7M; retail health food revenue $43.1M, operating loss $0.7M.
- Shareholders' equity $104.2M at Sep 30, 2023; prioritizing liquidity for vendor merchandising opportunities.
- Investing in Henry's foodservice subsidiary and new 175,000 sq ft distribution facility in Springfield, MO.
- Management cites labor shortage, supply chain issues, inflation, and rising interest rates as ongoing challenges.
- Actively seeking strategic acquisitions for operators aligning with customer-centric philosophy.