Winmark Corp. Reports Q3 Net Income Increase

By Hao Liu • Wednesday, October 14 16:00 • Permanent Link

Winmark Corp. reported third-quarter net income of $11.8 million, up from $11.1 million a year earlier, as diluted earnings per share rose to $3.21 from $3.02.

For the first nine months of 2026, net income came in at $31.5 million, compared with $31.7 million in the same period of 2025. Diluted EPS slipped to $8.51 from $8.61.

The year-to-date comparison was affected by $2.2 million of leasing income recognized in 2025 from the settlement of customer litigation.

At the end of the quarter, Winmark said it had 1,398 franchises in operation and more than 2,800 available territories. Another 79 franchises had been awarded but were not yet open.

During the quarter, the company launched a North American advertising fund for Plato’s Closet and completed a point-of-sale pilot at one franchised location. It also announced North American advertising funds for Once Upon a Child and Play It Again Sports, with campaigns set to begin in 2027. Following these announcements, the company's shares moved -3.28%, and are now trading at a price of $282.38. If you want to know more, read the company's complete 8-K report here.

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