EX-99.1 2 tm2622223d1_ex99-1.htm EXHIBIT 99.1

Exhibit 99.1

AMCON DISTRIBUTING COMPANY REPORTS RESULTS FOR THE QUARTER ENDED JUNE 30, 2026

NEWS RELEASE

Omaha, NE, August 5, 2026 - AMCON Distributing Company (“AMCON” or “the Company”) (NYSE American: DIT), an Omaha, Nebraska based Convenience and Foodservice Distributor, is pleased to announce fully diluted earnings per share of $2.85 on net income available to common shareholders of $2.7 million for its third fiscal quarter ended June 30, 2026.

“AMCON’s operating philosophy has always been centered on a superior level of customer service. We are seeing the benefits of our approach and the associated commitment in facilities and geographic reach to support our retail partners,” said Christopher H. Atayan, AMCON’s Chairman and Chief Executive Officer. He further noted, “We continue to actively seek strategic acquisition opportunities for Convenience and Foodservice Distributors, and their families, who desire to align with our customer focused approach philosophy and further the legacy of their enterprises.”

“AMCON’s ability to deliver product in an efficient fashion is a key strategic benefit to our retail partners in an era of rising costs,” said Andrew C. Plummer, AMCON’s President and Chief Operating Officer. He further noted, “AMCON’s broad geographic scope enables us to service customers across multiple time zones. Our customer-centric approach provides extraordinary value to our retail partners in challenging weather conditions as our AMCON teams ensure a consistent and timely flow of goods and services. As we grow, our customer base has demonstrated enthusiasm for our integrated state-of-the-art advertising, design, print and electronic display programs. These marketing tools provide our customers a competitive edge, especially in support of foodservice.”

For the fiscal quarter ended June 2026, the wholesale distribution segment reported revenues of $824.7 million and operating income of $9.2 million, and the retail health food segment reported revenues of $10.7 million and an operating loss of $0.2 million.

“We continue our relentless daily focus on managing the Company’s balance sheet and maximizing our liquidity position. At June 30, 2026, our shareholders’ equity was $115.5 million,” said Charles J. Schmaderer, AMCON’s Chief Financial Officer. Mr. Schmaderer also added, “Cost structures for Convenience Distributors have been impacted by the cumulative impact of inflation over a multi-year period. These inflationary pressures have resulted in higher operating expenses in areas such as product costs, labor and employee benefits, equipment, and insurance. We were pleased to be able to divest two of our facilities in the third quarter which enabled us to realize greater operating efficiency as a result.”

AMCON, and its subsidiaries Team Sledd, LLC and Henry’s Foods, Inc., is a leading Convenience and Foodservice Distributor of consumer products, including beverages, candy, tobacco, groceries, foodservice, frozen and refrigerated foods, automotive supplies and health and beauty care products serving thirty-four (34) states from thirteen (13) distribution centers in Colorado, Idaho, Illinois, Indiana, Minnesota, Missouri, Nebraska, Ohio, South Dakota, Tennessee and West Virginia. Through its Healthy Edge Retail Group, AMCON operates fifteen (15) health and natural product retail stores in the Midwest and Florida.

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This news release contains forward-looking statements that are subject to risks and uncertainties and which reflect management's current beliefs and estimates of future economic circumstances, industry conditions, Company performance and financial results. A number of factors could affect the future results of the Company and could cause those results to differ materially from those expressed in the Company's forward-looking statements including, without limitation, availability of sufficient cash resources to conduct its business and meet its capital expenditures needs and the other factors described under Item 1.A. of the Company’s Annual Report on Form 10-K. Moreover, past financial performance should not be considered a reliable indicator of future performance. Accordingly, the Company claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 with respect to all such forward-looking statements.

Visit AMCON Distributing Company's web site at: www.amcon.com

For Further Information Contact:

Charles J. Schmaderer

AMCON Distributing Company

Ph 402-331-3727

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AMCON Distributing Company and Subsidiaries

Condensed Consolidated Balance Sheets

June 30, 2026 and September 30, 2025

		June				September
		2026				2025
		(Unaudited)
ASSETS
Current assets:
Cash		$	636,644			$	744,613
Accounts receivable, less allowance for credit losses of $2.7 million at June 2026 and $2.4 million at September 2025			77,799,572				73,192,069
Inventories, net			153,611,733				153,276,545
Income taxes receivable			—				140,986
Prepaid expenses and other current assets			17,199,541				12,150,645
Total current assets			249,247,490				239,504,858
Property and equipment, net			108,959,374				107,844,655
Operating lease right-of-use assets, net			27,859,940				30,488,841
Goodwill			5,778,325				5,778,325
Other intangible assets, net			3,892,581				4,240,359
Other assets			3,587,673				3,231,488
Total assets		$	399,325,383			$	391,088,526
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Accounts payable		$	56,103,868			$	69,532,355
Accrued expenses			15,978,173				15,459,406
Accrued wages, salaries and bonuses			5,090,221				6,745,698
Income taxes payable			996,840				—
Current operating lease liabilities			7,666,894				7,862,117
Current maturities of long-term debt			4,854,777				5,471,310
Current mandatorily redeemable non-controlling interest			—				7,020,895
Total current liabilities			90,690,773				112,091,781
Credit facilities			160,766,169				126,804,775
Deferred income tax liability, net			3,102,139				4,048,070
Long-term operating lease liabilities			20,364,983				22,845,456
Long-term debt, less current maturities			7,478,293				11,033,949
Other long-term liabilities			1,437,230				1,193,081
Shareholders’ equity:
Preferred stock, $.01 par value, 1,000,000 shares authorized			—				—
Common stock, $.01 par value, 3,000,000 shares authorized, 976,028 shares outstanding at June 2026 and 953,378 shares outstanding at September 2025			13,203				9,799
Additional paid-in capital			38,634,508				36,991,031
Retained earnings			109,243,343				108,475,842
Treasury stock at cost			(32,405,258	)			(32,405,258	)
Total shareholders’ equity			115,485,796				113,071,414
Total liabilities and shareholders’ equity		$	399,325,383			$	391,088,526

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AMCON Distributing Company and Subsidiaries

Condensed Consolidated Unaudited Statements of Operations

for the three and nine months ended June 30, 2026 and 2025

		For the three months ended June								For the nine months ended June
		2026				2025				2026				2025
Sales (including excise taxes of $157.7 million and $141.7 million, and $438.8 and $411.2 million, respectively)		$	835,340,185			$	739,615,416			$	2,281,047,956			$	2,070,391,760
Cost of sales			785,535,765				690,000,517				2,139,706,010				1,930,855,424
Gross profit			49,804,420				49,614,899				141,341,946				139,536,336
Selling, general and administrative expenses			43,013,403				42,529,118				125,988,512				123,224,702
Depreciation and amortization			2,338,431				2,222,243				7,342,674				7,315,871
Operating expenses			45,351,834				44,751,361				133,331,186				130,540,573
Gain on sales of real estate			(1,796,723	)			—				(1,796,723	)			—
			43,555,111				44,751,361				131,534,463				130,540,573
Operating income			6,249,309				4,863,538				9,807,483				8,995,763
Other expense (income):
Interest expense			2,590,977				2,671,004				7,480,651				7,784,032
Change in fair value of mandatorily redeemable non-controlling interest			—				195,750				438,240				663,418
Other income, net			(43,234	)			(111,763	)			(249,457	)			(279,693	)
			2,547,743				2,754,991				7,669,434				8,167,757
Income from operations before income taxes			3,701,566				2,108,547				2,138,049				828,006
Income tax expense			1,015,000				790,000				833,000				751,000
Net income available to common shareholders		$	2,686,566			$	1,318,547			$	1,305,049			$	77,006
Basic earnings per share available to common shareholders		$	2.89			$	1.43			$	1.41			$	0.08
Diluted earnings per share available to common shareholders		$	2.85			$	1.42			$	1.40			$	0.08
Basic weighted average shares outstanding			930,727				922,857				928,846				920,866
Diluted weighted average shares outstanding			943,918				926,551				934,865				924,387
Dividends paid per common share		$	0.12			$	0.12			$	0.55			$	0.55

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AMCON Distributing Company and Subsidiaries

Condensed Consolidated Unaudited Statements of Shareholders’ Equity

for the three and nine months ended June 30, 2026 and 2025

																		Additional
		Common Stock								Treasury Stock								Paid-in				Retained
		Shares				Amount				Shares				Amount				Capital				Earnings				Total
THREE MONTHS ENDED JUNE 2025
Balance, April 1, 2025			1,297,814			$	9,799				(329,656	)		$	(31,272,163	)		$	35,715,308			$	106,897,928			$	111,350,872
Dividends on common stock, $0.12 per share			—				—				—				—				—				(116,183	)			(116,183	)
Compensation expense related to equity-based awards			—				—				—				—				637,861				—				637,861
Net income available to common shareholders			—				—				—				—				—				1,318,547				1,318,547
Balance, June 30, 2025			1,297,814			$	9,799				(329,656	)		$	(31,272,163	)		$	36,353,169			$	108,100,292			$	113,191,097
THREE MONTHS ENDED JUNE 2026
Balance, April 1, 2026			1,320,464			$	13,203				(344,436	)		$	(32,405,258	)		$	38,085,548			$	106,673,900			$	112,367,393
Dividends on common stock, $0.12 per share			—				—				—				—				—				(117,123	)			(117,123	)
Compensation expense related to equity-based awards			—				—				—				—				548,960				—				548,960
Net income available to common shareholders			—				—				—				—				—				2,686,566				2,686,566
Balance, June 30, 2026			1,320,464			$	13,203				(344,436	)		$	(32,405,258	)		$	38,634,508			$	109,243,343			$	115,485,796

																		Additional
		Common Stock								Treasury Stock								Paid-in				Retained
		Shares				Amount				Shares				Amount				Capital				Earnings				Total
NINE MONTHS ENDED JUNE 2025
Balance, October 1, 2024			1,275,164			$	9,648				(329,656	)		$	(31,272,163	)		$	34,439,735			$	108,552,565			$	111,729,785
Dividends on common stock, $0.55 per share			—				—				—				—				—				(529,279	)			(529,279	)
Compensation expense and issuance of stock in connection with equity-based awards			22,650				151				—				—				1,913,434				—				1,913,585
Net income available to common shareholders			—				—				—				—				—				77,006				77,006
Balance, June 30, 2025			1,297,814			$	9,799				(329,656	)		$	(31,272,163	)		$	36,353,169			$	108,100,292			$	113,191,097
NINE MONTHS ENDED JUNE 2026
Balance, October 1, 2025			1,297,814			$	9,799				(344,436	)		$	(32,405,258	)		$	36,991,031			$	108,475,842			$	113,071,414
Dividends on common stock, $0.55 per share			—				—				—				—				—				(537,548	)			(537,548	)
Compensation expense and issuance of stock in connection with equity-based awards			22,650				151				—				—				1,646,730				—				1,646,881
Issuance of shares for stock split			—				3,253				—				—				(3,253	)			—				—
Net income available to common shareholders			—				—				—				—				—				1,305,049				1,305,049
Balance, June 30, 2026			1,320,464			$	13,203				(344,436	)		$	(32,405,258	)		$	38,634,508			$	109,243,343			$	115,485,796

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AMCON Distributing Company and Subsidiaries

Condensed Consolidated Unaudited Statements of Cash Flows

for the nine months ended June 30, 2026 and 2025

		June				June
		2026				2025
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income available to common shareholders		$	1,305,049			$	77,006
Adjustments to reconcile net income available to common shareholders to net cash flows from (used in) operating activities:
Depreciation			6,994,896				6,924,921
Amortization			347,778				390,950
Gain on sales of real estate			(1,796,723	)			—
Gain on sales of property and equipment			(94,394	)			(83,186	)
Equity-based compensation			1,646,881				1,913,585
Deferred income taxes			(945,931	)			(1,049,698	)
Provision for credit losses			326,000				289,549
Inventory allowance			33,445				(108,194	)
Change in fair value of contingent consideration			—				(1,453,452	)
Change in fair value of mandatorily redeemable non-controlling interest			438,240				663,418
Changes in assets and liabilities, net of effects of business combinations:
Accounts receivable			(4,933,503	)			(8,471,600	)
Inventories			(368,633	)			(1,924,234	)
Prepaid and other current assets			(5,048,896	)			(1,998,163	)
Other assets			(356,185	)			(255,431	)
Accounts payable			(13,645,498	)			(7,669,560	)
Accrued expenses and accrued wages, salaries and bonuses			(1,183,505	)			(1,068,207	)
Other long-term liabilities			244,149				400,606
Income taxes payable and receivable			1,137,826				950,130
Net cash flows from (used in) operating activities			(15,899,004	)			(12,471,560	)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property and equipment			(11,749,261	)			(8,238,960	)
Proceeds from sales of real estate			5,573,241				—
Proceeds from sales of property and equipment			174,533				106,163
Acquisition of Arrowrock Supply			—				(6,131,527	)
Net cash flows from (used in) investing activities			(6,001,487	)			(14,264,324	)
CASH FLOWS FROM FINANCING ACTIVITIES:
Borrowings under revolving credit facilities			2,163,783,506				1,929,823,754
Repayments under revolving credit facilities			(2,129,822,112	)			(1,896,504,987	)
Principal payments on long-term debt			(4,172,189	)			(3,938,660	)
Dividends on common stock			(537,548	)			(529,279	)
Redemption and distributions to non-controlling interest			(7,459,135	)			(1,961,410	)
Net cash flows from (used in) financing activities			21,792,522				26,889,418
Net change in cash			(107,969	)			153,534
Cash, beginning of period			744,613				672,788
Cash, end of period		$	636,644			$	826,322
Supplemental disclosure of cash flow information:
Cash paid during the period for interest, net of amounts capitalized		$	7,461,969			$	7,756,278
Cash paid during the period for income taxes, net of refunds			635,980				831,068
Supplemental disclosure of non-cash information:
Equipment acquisitions classified in accounts payable		$	258,395			$	42,729

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