Amcon Distributing Co (NYSE American: DIT) is a wholesale distribution and specialty retail company that distributes consumer packaged goods and tobacco products to convenience retailers across the central United States. Revenue is generated primarily through transactional product sales in its Wholesale Segment, which buys from manufacturers and resells to retail customers, supplemented by a smaller Retail Segment that operates specialty health food stores. The Wholesale Segment runs 14 distribution centers across Colorado, Idaho, Illinois, Indiana, Minnesota, Missouri, Nebraska, North Dakota, South Dakota, Tennessee, and West Virginia, totaling approximately 1.7 million square feet of floor space (as of the 10-K filed 2025-11-07). The Retail Segment, operating as Healthy Edge Retail Group, runs 15 natural and organic grocery stores under the Chamberlin's Natural Foods, Akin's Natural Foods, and Earth Origins Market banners. Principal suppliers include Altria, RJ Reynolds, ITG Brands, Hershey, Kellanova, Kraft Heinz, Mars Wrigley, General Mills, Procter and Gamble, and Ferrero. The company paid cash dividends of $1.00 per common share in each of fiscal 2025 and fiscal 2024.

Revenue model

Transactional product resale: Amcon buys consumer packaged goods and tobacco products from manufacturers and sells them to convenience retailers through its Wholesale Segment. The Retail Segment generates revenue through direct-to-consumer sales at 15 specialty health food stores. The company also markets its own private label lines of water, candy, batteries, and other products.

Products and services

Wholesale distribution of cigarettes, tobacco products, e-cigarettes, vaping products, candy, snacks, foodservice items, and general consumer packaged goods. Private label water, candy, batteries, and other products. Retail sales of natural and organic groceries under the Chamberlin's Natural Foods, Akin's Natural Foods, and Earth Origins Market banners.

Customers and end markets

Convenience retailers are the primary end market for the Wholesale Segment. The Retail Segment serves direct consumers seeking natural and organic grocery products. The company notes its wholesale customers operate in a challenging convenience retailing environment as of fiscal 2025.

Value-chain role

Wholesale distributor sitting between major consumer packaged goods and tobacco manufacturers and convenience retail customers. Operates cross-dock and distribution center infrastructure to move product to retailers. Also acts as a direct retailer in the natural and organic grocery channel.

Geographic exposure

Central and mid-south United States. Wholesale distribution centers in Colorado, Idaho, Illinois, Indiana, Minnesota, Missouri, Nebraska, North Dakota, South Dakota, Tennessee, and West Virginia (as of 10-K filed 2025-11-07). No international operations mentioned in the filing.

Source: SEC 10-K, filed 2025-11-07

Industry: Wholesale-Groceries, General Line Peers: Cloudweb Inc Educational Development Corp Funko Inc Genuine Parts Co Kaival Brands Innovations Group Inc LKQ Corp Pool Corp WEYCO Group Inc