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 (Nasdaq: WINA) has announced a quarterly cash dividend of $0.90 per share, payable on September 3, 2024, to shareholders of record as of August 14, 2024. The company, known as 'the Resale Company®', specializes in franchising resale businesses focused on sustainability and small business formation.
Winmark's portfolio includes popular franchise brands such as Plato's Closet®, Once Upon A Child®, Play It Again Sports®, Style Encore®, and Music Go Round®. As of June 29, 2024, Winmark had 1,336 franchises in operation, over 2,800 available territories, and an additional 77 awarded franchises yet to open.
Winmark (Nasdaq: WINA) reported net income of $10,431,400 or $2.85 per share diluted for Q2 2024, compared to $10,368,800 or $2.85 per share diluted in 2023. For the first half of 2024, net income was $19,250,400 or $5.26 per share diluted, slightly down from $19,311,500 or $5.34 per share diluted in the same period last year.
The company's performance was influenced by its decision to run off its leasing portfolio, made in May 2021. CEO Brett D. Heffes noted that year-to-date royalty growth was driven by an increased store count and improved per-unit performance. Winmark, known as 'the Resale Company', operates 1,336 franchises across five brands: Plato's Closet, Once Upon A Child, Play It Again Sports, Style Encore, and Music Go Round. An additional 77 franchises have been awarded but are not yet operational.
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