AMCON Distributing Co 2026年季度报告

FORM10-Q ⌧QUARTERLY REPORT PURSUANT TO SECTION13 OR 15(d)OF THE SECURITIESEXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2025 47-0702918 Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d)of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file suchreports), and (2)has been subject to such filing requirements for the past 90 days.Yes⌧No◻ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer”, “accelerated filer”, “smaller If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.◻ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Exchange Act)Yes◻No⌧ The Registrant had 650,709 shares of its $.01 par value common stock outstanding as of January 16, 2026. INDEX December 31, 2025PARTI — FINANCIAL INFORMATIONItem 1. Financial StatementsCondensed consolidated balance sheets at December 31, 2025 (unaudited) and September30, 2025Condensed consolidated unaudited statements of operations for the three months ended December31, 2025 and 2024Condensed consolidated unaudited statements of shareholders’ equity for the three months endedDecember 31, 2025 and 2024Condensed consolidated unaudited statements of cash flows for the three months ended December31, 2025 and 2024Notes to condensed consolidated unaudited financial statementsItem 2. Management’s Discussion and Analysis of Financial Condition and Results of OperationsItem 3. Quantitative and Qualitative Disclosures About Market RiskItem 4. Controls and ProceduresPARTII — OTHER INFORMATIONItem 1. Legal ProceedingsItem 1A. Risk FactorsItem 2. Unregistered Sales of Equity Securities and Use of ProceedsItem 3. Defaults Upon Senior SecuritiesItem 4. Mine Safety DisclosuresItem 5. Other InformationItem 6. Exhibits AMCON Distributing Company and SubsidiariesCondensed Consolidated Unaudited Statements of Operations AMCON Distributing Company and SubsidiariesNotes to Condensed Consolidated Unaudited Financial Statements 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND BASIS OF PRESENTATION AMCON Distributing Company and Subsidiaries (“AMCON” or the “Company”) serves customers in 34states through two business segments: ●Our wholesale distribution segment (the “Wholesale Segment”), which includes our Team Sledd,LLC (“Team Sledd”) and Henry’s Foods, Inc. (“Henry’s”) subsidiaries, distributes consumerproducts and provides a full range of programs and services to our customers that are focused on ●Our retail health food segment (the “Retail Segment”) operates 15 health food retail stores located WHOLESALE SEGMENT Our Wholesale Segment is one of the largest wholesale distributors in the United States, servingapproximately 8,500 retail outlets including convenience stores, grocery stores, liquor stores, drug stores,and tobacco shops. We currently distribute over 20,000 different consumer products, including cigarettesand tobacco products, candy and other confectionery products, beverages, groceries, paper products, health Our Wholesale Segment offers retailers the ability to take advantage of manufacturer- and Company-sponsored sales and marketing programs, merchandising and product category management services, andthe use of information systems and data services that are focused on minimizing retailers’ investment ininventory, while seeking to maximize their sales and profits. In addition, our wholesale distributioncapabilities provide valuable services to both manufacturers of consumer products and convenience Our Wholesale Segment operates 14 distribution centers located in Colorado, Idaho, Illinois, Indiana,Minnesota, Missouri, Nebraska, North Dakota, South Dakota, Tennessee and West Virginia. Thesedistribution centers, combined with cross-dock facilities, include approximately 1.7 million square feet ofpermanent floor space. Our principal suppliers include Altria, RJ Reynolds, ITG Brands, Hershey,Kellanova, Kraft Heinz, Mars Wrigley, General Mills, Procter and Gamble, Ferrero and other majorConsumer Packaged Goods and Foodservice suppliers. We also work closely with our customer base tosource private label products on their behalf in a wide variety of categories. In addition, we m