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) provides investors and business professionals with authoritative updates on its franchising operations and resale retail leadership. This dedicated news hub aggregates official announcements, financial disclosures, and strategic developments from the creator of iconic second-hand retail brands.
Access real-time updates on franchise expansions, sustainability initiatives, and market positioning within the circular economy sector. Key coverage areas include quarterly earnings reports, new franchise partnerships, operational innovations, and community impact programs central to Winmark's business model.
Bookmark this page for streamlined tracking of WINA's corporate trajectory, including analysis of its unique franchisor-consultant structure through Winmark Franchise Partners and technology investments via Winmark Capital Corporation. Our curated news selection serves as your primary source for understanding the company's role in advancing sustainable retail practices across North America.
Winmark Corporation (NASDAQ: WINA) announced an increase in its quarterly cash dividend to shareholders, now set at $0.80 per share, marking a $0.10 increase from the prior rate. This dividend will be paid on June 1, 2023 to shareholders of record as of May 17, 2023. Winmark operates a franchise business focused on sustainability and entrepreneurship, currently managing 1,297 franchises across its brands, which include Plato’s Closet and Play It Again Sports. As of April 1, 2023, there are over 2,800 available territories, with an additional 70 franchises awarded but not yet operational.
Winmark Corporation (Nasdaq: WINA) reported a net income of $8,942,700 or $2.49 per diluted share for the quarter ended April 1, 2023, a decrease from $9,852,500 or $2.65 per diluted share in the same quarter of 2022. This decline in earnings reflects the impact of the company’s strategic decision to wind down its leasing portfolio initiated in May 2021. CEO Brett D. Heffes emphasized a positive start to 2023, highlighting Winmark’s mission as a franchising leader focusing on sustainability and the support of small businesses. As of April 1, 2023, there are 1,297 franchises operational and 2,800 territories available, with an additional 70 franchises awarded but not yet opened.
Winmark Corporation (Nasdaq: WINA) has appointed Philip I. Smith to its Board of Directors. Smith, currently the Executive Chairman of Intricon Corporation and Operating Partner of Altaris, LLC, brings extensive governance, operational experience, and a strong financial background. CEO Brett D. Heffes expressed enthusiasm about Smith's potential contributions towards fulfilling Winmark's mission to provide sustainable resale opportunities. As of December 31, 2022, Winmark operates 1,295 franchises and has awarded an additional 57 franchises. The company focuses on guiding entrepreneurs to establish franchises like Plato’s Closet® and Play It Again Sports®.
FAQ
What is the current stock price of Winmark (WINA)?
What is the market cap of Winmark (WINA)?
