Winmark Corp's Q2 Net Income Rises

By Tamara Parker • Wednesday, July 17 15:19 • Permanent Link

Winmark Corporation (NASDAQ: WINA) has announced its second quarter results for the period ending June 29, 2024. The company reported a net income of $10,431,400 or $2.85 per share diluted, compared to the net income of $10,368,800 or $2.85 per share diluted in the same quarter of the previous year.

For the six months ended June 29, 2024, Winmark Corporation reported a net income of $19,250,400 or $5.26 per share diluted, compared to the net income of $19,311,500 or $5.34 per share diluted for the same period last year.

The company's decision in May 2021 to run-off its leasing portfolio had an impact on the results during the quarter.

Winmark Corporation attributed year-to-date growth in royalties to higher overall store count and, to a lesser extent, increases in per unit performance.

As of June 29, 2024, there were 1,336 franchises in operation and over 2,800 available territories. An additional 77 franchises have been awarded but are not open.

Winmark Corporation, known as the resale company®, is a franchisor focused on sustainability and small business formation, offering award-winning resale franchises including Plato’s Closet®, Once Upon a Child®, Play It Again Sports®, Style Encore®, and Music Go Round®. Following these announcements, the company's shares moved -1.4%, and are now trading at a price of $416.87. If you want to know more, read the company's complete 8-K report here.

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