CORE Profile
Core-Mark Holding Company, Inc. (CORE) is a leading distributor and marketer of consumer products to the convenience retail industry in North America. The company offers a wide range of products, including cigarettes, candy, snacks, and beverages, as well as fresh and frozen foods, foodservice products, and general merchandise.
Core-Mark serves more than 43,000 customer locations in the United States and Canada from more than 40 distribution centers. The company's customer base includes traditional convenience stores, drug stores, grocery stores, and specialty retailers.
In recent years, Core-Mark has focused on expanding its portfolio of fresh and healthy products to meet growing consumer demand for healthier options. The company has also invested in technology and data analytics to better understand consumer behavior and drive sales growth.
In 2020, Core-Mark reported net sales of $17.5 billion, a 6.2% increase over the previous year. The company's net income for the year was $53.3 million, or $1.17 per diluted share. Core-Mark's stock has performed well in recent years, with a 5-year average annual total return of more than 20%.
As of February 25, 2023, the stock price for CORE was $34.33 per share, with a market capitalization of approximately $1.5 billion. Core-Mark pays a quarterly dividend of $0.12 per share, for an annualized dividend yield of 1.4%. The company has a history of increasing its dividend, with a 5-year dividend growth rate of 16.9%.
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