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.
Overview of Winmark Corporation
Winmark Corporation is a prominent franchisor that provides a diverse range of resale retail business opportunities. By owning and operating multiple well-recognized brands, the company plays an integral role in the secondary market and second-hand retail industry. Utilizing a franchise business model, it partners with entrepreneurial small business owners to operate value-oriented retail stores across North America. The company effectively combines a traditional brick-and-mortar strategy with innovative franchise consulting and strategic investment services, making it a notable figure in the resale and retail franchising landscape.
Core Business Segments
Winmark operates several key business segments that highlight its multifaceted approach:
- Franchising and Retail Operations: The company owns a family of brands that includes popular names in children’s apparel, sports equipment, music, and fashion resale. These brands offer thrift-style retail experiences with a focus on value, sustainability, and community recycling initiatives.
- Franchise Consulting: Through its affiliated entity, Winmark Franchise Partners, the corporation leverages extensive industry expertise to advise emerging franchisors and entrepreneurs. This consulting arm provides guidance on franchise development, strategic expansion, and effective operational management, making it a key platform for business growth.
- Strategic Investments: Winmark Capital Corporation forms a part of the overarching strategy by offering technology-driven solutions and investment opportunities. This segment supports the broader mission of integrating modern technology with traditional retail franchising to optimize operations and enhance business performance.
Market Position and Industry Impact
Winmark Corporation stands out in the resale retail industry due to its extensive network of franchise-owned outlets and its commitment to recycling consumer goods back into the community. The company’s business model not only fuels local entrepreneurialism but also contributes significantly to the sustainability movement by emphasizing the reuse of products. Within the competitive landscape, Winmark differentiates itself by blending solid operational support with established brand recognition. Its strategic business practices provide stability and a clear value proposition for franchisees, positioning the company as a knowledgeable and reliable player in the market.
Operational Excellence and Franchise Support
The operational model at Winmark is designed to empower franchisees through comprehensive support systems. By providing hands-on consulting services, in-depth market analysis, and access to a proven business model, Winmark enables franchise owners to navigate competitive retail environments. The company’s strong commitment to excellence is evident in its methodical training programs, ongoing operational assistance, and technology integrations that streamline store management and customer engagement.
Industry Keywords and Strategic Insights
In the realm of retail franchising, terms such as second-hand retail, franchise consulting, and resale market are integral to understanding Winmark's strategic initiatives. These keywords not only define its market presence but also underscore the innovative fusion of community-focused franchise operations with modern business consulting. Winmark’s approach is a well-considered blend of traditional retail values with the dynamic requirements of today’s market environment, reflecting an intricate interplay between established retail practices and forward-thinking business strategies.
Community Impact and Sustainability Focus
A distinguishing feature of Winmark is its commitment to environmental stewardship. By focusing on the recycling and repurposing of consumer items, the company fosters a circular economy that benefits local communities while promoting sustainable retail practices. This recycling initiative aligns with broader economic and environmental trends, ensuring that each franchise not only addresses business operations but also contributes positively to the community at large.
Conclusion
Overall, Winmark Corporation is a well-rounded franchisor with a dual focus on business growth and community betterment. The highly diversified business model, supported by robust franchise consulting services and strategic investment in technology, ensures that the company maintains a competitive stance within the resale industry. With a persistent focus on operational excellence, innovative local partnerships, and sustainable business practices, Winmark continues to embody the principles of thoughtful, value-oriented franchising.
Winmark (WINA) reported its financial results for the year ended December 28, 2024. The company's net income reached $39.95 million ($10.89 per share diluted), slightly down from $40.18 million ($11.04 per share diluted) in 2023. Fourth quarter 2024 net income was $9.58 million ($2.60 per share diluted), compared to $9.72 million in the same period last year.
Annual revenues decreased to $81.29 million from $83.24 million in 2023, partly affected by the company's 2021 decision to run-off its leasing portfolio. As of December 28, 2024, Winmark operated 1,350 franchises under its resale brands: Plato's Closet, Once Upon A Child, Play It Again Sports, Style Encore, and Music Go Round, with 79 additional franchises awarded but not yet operational.
Winmark (Nasdaq: WINA) has announced a quarterly cash dividend of $0.90 per share, scheduled for payment on March 3, 2025, to shareholders of record as of February 12, 2025. The dividend payment has been approved by the company's Board of Directors, with future dividends subject to Board approval.
As of December 28, 2024, Winmark, known as 'the Resale Company,' operates a franchise business model focused on sustainability and small business development. The company currently has 1,350 franchises in operation across its brands: Plato's Closet, Once Upon A Child, Play It Again Sports, Style Encore, and Music Go Round. Additionally, there are over 2,800 available territories and 79 awarded but unopened franchises.
Winmark (Nasdaq: WINA) has announced two dividend payments to shareholders. The company will pay a quarterly cash dividend of $0.90 per share and a special dividend of $7.50 per share, both on December 2, 2024, to shareholders of record as of November 13, 2024. The special dividend totals approximately $26.4 million and will be financed using cash on hand. Winmark, known as 'the Resale Company', operates franchises including Plato's Closet, Once Upon A Child, Play It Again Sports, Style Encore, and Music Go Round. As of September 28, 2024, Winmark had 1,343 franchises in operation, over 2,800 available territories, and 82 awarded but unopened franchises.
Winmark (Nasdaq: WINA) reported its financial results for the third quarter ended September 28, 2024. The company's net income for the quarter was $11,120,700 or $3.03 per share diluted, compared to $11,149,800 or $3.05 per share diluted in 2023. For the nine months ended September 28, 2024, net income was $30,371,200 or $8.29 per share diluted, compared to $30,461,300 or $8.40 per share diluted for the same period last year.
Winmark, known as 'the Resale Company®', is a franchisor focused on sustainability and small business formation. It operates five resale franchise brands: Plato's Closet®, Once Upon A Child®, Play It Again Sports®, Style Encore®, and Music Go Round®. As of September 28, 2024, Winmark had 1,343 franchises in operation and over 2,800 available territories. An additional 82 franchises have been awarded but are not yet open.
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.