Winmark Corporation reported first-quarter net income of $9.3 million, or $2.50 per diluted share, for the period ended March 28, 2026, down from $10.0 million, or $2.71 per diluted share, in the same quarter a year earlier.
The year-over-year decline in profit came despite the company highlighting new franchise support initiatives during the quarter. Winmark said it introduced two major enhancements to its business model: a North American ad fund for Plato’s Closet and a modernized point-of-sale offering for franchisees. The company said both changes are designed to create ongoing funding for marketing, technology and innovation.
The prior-year quarter included $2.2 million of leasing income tied to the settlement of customer litigation, which boosted 2025 results.
At March 28, 2026, Winmark had 1,383 franchises in operation and more than 2,800 available territories. It also said 79 additional franchises had been awarded but were not yet open. As a result of these announcements, the company's shares have moved -0.37% on the market, and are now trading at a price of $428.34. If you want to know more, read the company's complete 8-K report here.
