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AMCON's 2024 Earnings Fall Y/Y Due to Rising SG&A Costs
DITAMCON Distributing pany(DIT) ZACKS·2024-11-12 03:10

For the fiscal year ended Sept. 30, 2024, AMCON Distributing Company (DIT) reported an earnings per share (EPS) of $7.15, a notable decline from the previous year's EPS of $19.46. 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 ...