Welcome to our dedicated page for Winmark news (Ticker: WINA), a resource for investors and traders seeking the latest updates and insights on Winmark stock.
Winmark Corporation (WINA) is a nationally renowned leader in franchise-owned and operated business opportunities. The company is the franchisor of 1,184 value-oriented retail stores across North America. Their award-winning family of brands includes Once Upon A Child®, Plato’s Closet®, Play It Again Sports®, Music Go Round®, and Style Encore®, offering unique franchise opportunities to aspiring small business entrepreneurs.
As a significant player in the resale industry, Winmark brands recycle millions of items back into their respective communities, promoting sustainability and responsible consumption. Beyond retail, Winmark is the parent company of Winmark Franchise Partners, a franchise consulting firm that supports emerging franchisors and entrepreneurs. The company offers traditional consulting services, strategic investment opportunities, and potential acquisition opportunities to help businesses grow and thrive in the franchise model.
Winmark also operates Winmark Capital Corporation, which provides technology leasing and financing services. The company has two main segments: Franchising and Leasing. The Franchising segment includes value-oriented retail stores that buy, sell, trade, and consign gently used merchandise and offer strategic franchising consulting services. The Leasing segment focuses on middle-market equipment leasing and small-ticket financing.
Winmark Corporation is noted for its robust financial health, driven primarily by its Franchising segment, which generates the majority of the company’s revenue. With a strong track record of supporting and growing franchised businesses, Winmark continues to be a vital player in the retail and franchising sectors.
Winmark Corporation (Nasdaq: WINA) reported a net income of $10,368,600 or $2.93 per diluted share for Q3 2022, up from $10,082,500 or $2.67 per share in 2021. Year-to-date net income reached $29,248,300 or $8.11 per share, compared to $28,330,900 or $7.40 in 2021. The company highlights strong performance linked to the back-to-school season and operates 1,291 franchises with over 2,800 available territories, further affirming its growth and commitment to entrepreneurship in the resale market.
Winmark Corporation (NASDAQ: WINA) announced that Paul C. Reyelts will not seek re-election to the Board of Directors at the upcoming Annual Meeting in April 2023. Reyelts has served on the board since 2000 and as independent Lead Director since 2003. Percy C. (Tom) Tomlinson has been named the new independent Lead Director, effective immediately. Tomlinson brings over 30 years of executive and governance experience. Winmark focuses on sustainability and small business formation with 1,293 franchises in operation as of June 25, 2022.
Winmark Corporation (Nasdaq: WINA) has declared a quarterly cash dividend of $0.70 per share, to be paid on September 1, 2022. This dividend will benefit shareholders on record as of August 10, 2022. As of June 25, 2022, Winmark operates 1,293 franchises and has over 2,800 territories available for its brands including Plato’s Closet and Once Upon A Child. Future dividends will require Board approval.
Winmark Corporation (Nasdaq: WINA) reported net income of $9,027,200 or $2.54 per diluted share for the quarter ended June 25, 2022, an increase from $8,937,300 or $2.33 per diluted share in 2021. For the first half of 2022, net income reached $18,879,700 or $5.19 per diluted share, up from $18,248,400 or $4.74 per diluted share last year. The company operates 1,293 franchises with over 2,800 available territories and has awarded 46 more franchises that are not yet opened.
Winmark Corporation (NASDAQ: WINA) has announced the signing of franchise agreements to open eleven new Play It Again Sports locations in North America. These new stores will be established in the Twin Cities, St. Cloud, Duluth, Minnesota, Superior, Wisconsin, and Grand Forks, North Dakota. The company will also reclaim development rights for additional territories in Minnesota and Sioux Falls, SD. Winmark focuses on franchising and sustainability, with a total of 1,276 franchises and over 2,800 available territories as of March 26, 2022.
Winmark Corporation (NASDAQ: WINA) has announced an increase in its quarterly cash dividend to $0.70 per share, up by $0.25 from the previous rate. This dividend will be paid on June 1, 2022 to shareholders on record as of May 11, 2022. Winmark focuses on sustainability and supports franchise operations for its brands, with 1,276 franchises currently operational and over 2,800 territories available.
Winmark Corporation (Nasdaq: WINA) reported a net income of $9,852,500 or $2.65 per diluted share for Q1 2022, showing an increase from $9,311,100 or $2.40 per diluted share in the same quarter of 2021. The franchise business, known for its sustainability focus, has 1,276 franchises operating and over 2,800 available territories. In addition, 44 new franchises have been awarded but not yet opened, indicating potential growth. Winmark continues to support entrepreneurs in operating its resale franchises including Plato’s Closet® and Play It Again Sports®.
Winmark Corporation (Nasdaq: WINA) reported strong financial performance for the year ended December 25, 2021, with a net income of $39.9 million, or $10.48 per share diluted, compared to $29.8 million, or $7.72 per share diluted in 2020. Q4 results also showed growth, with net income at $11.6 million, up from $8.1 million year-over-year. Revenue increased to $78.2 million from $66.1 million, reflecting the company's successful focus on the resale market and strategic plan to eliminate non-core activities. As of December 25, 2021, Winmark had 1,271 franchises operating and 46 awarded but not yet open.
Winmark Corporation (NASDAQ: WINA) has declared a quarterly cash dividend of $0.45 per share, set to be distributed on March 1, 2022. Shareholders who are on record by the close of business on February 9, 2022 will be eligible for this payment. Winmark operates a franchise business focused on sustainability, with 1,271 franchises currently active and over 2,800 territories available. The company continues to support small business formation through its award-winning resale franchises.
Winmark Corporation (NASDAQ: WINA) has announced that Kirk A. MacKenzie will not seek re-election to the Board of Directors at the upcoming Annual Meeting in April 2022. MacKenzie has served on the Board since 2000 and was a Vice Chairman until 2011. The company appointed Percy C. (Tom) Tomlinson to the Board and Audit Committee, bringing over 30 years of executive and financial management experience. Winmark specializes in franchising for sustainable resale businesses, with 1,269 franchises operational as of September 25, 2021, and additional territories available.
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