AMCON (DIT) Q3 Earnings Fall Y/Y on High SG&A Costs, Sales Rise
AMCON Distributing pany(DIT) ZACKS·2024-07-20 02:20
Sales for the quarter reached $717.9 million, up from $696.5 million in the prior-year period. This growth was driven by strong demand in the convenience and foodservice distribution sectors. However, the increase in sales was partially offset by the higher cost of goods sold, which rose to $669.9 million from $649.6 million in the third quarter of fiscal 2023. Key Business Metrics The company's gross profit for the third quarter of fiscal 2024 was $48 million, up from $46.9 million in the same quarter last ...