Winmark Corporation (NASDAQ: WINA) has announced its year-end results for the fiscal year ending December 28, 2024. The company reported a net income of $39,954,200 for 2024, compared to $40,178,100 in 2023. This translates to earnings of $10.89 per share diluted for 2024, slightly down from $11.04 per share diluted in the previous year.
In the fourth quarter of 2024, Winmark Corporation reported a net income of $9,583,100, or $2.60 per share diluted, compared to $9,716,800, or $2.64 per share diluted, for the same period in 2023.
Revenues for the year ended December 28, 2024, were $81,289,100, a decrease from $83,243,500 in 2023. The company attributed the 2024 results to its decision in May 2021 to run-off its leasing portfolio.
At the end of December 28, 2024, Winmark Corporation had 1,350 franchises in operation and over 2,800 available territories. Additionally, 79 franchises had been awarded but were not yet open.
Winmark Corporation, known as "The Resale Company®," is a franchisor with a focus on sustainability and small business formation, offering franchises such as Plato’s Closet®, Once Upon a Child®, Play It Again Sports®, Style Encore®, and Music Go Round®.
As a result of these announcements, the company's shares have moved -1.0% on the market, and are now trading at a price of $369.49. If you want to know more, read the company's complete 8-K report here.
