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Winmark Corp - WINA STOCK NEWS

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.

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Winmark Corporation (Nasdaq: WINA) reports a net income of $10,368,800 for Q2 2023, reflecting a positive franchisee performance and operational support. The company's emphasis on sustainability and small-business formation is evident through its award-winning resale franchises: Plato’s Closet®, Once Upon A Child®, Play It Again Sports®, Style Encore®, and Music Go Round®.
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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.

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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.

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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®.

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Winmark Corporation (Nasdaq: WINA) reported a net income of $39.42 million or $10.97 per diluted share for the year ended December 31, 2022, a decrease from $39.92 million or $10.48 per diluted share in 2021. Fourth quarter net income was $10.18 million or $2.86 per diluted share, down from $11.59 million or $3.09 in Q4 2021. Annual revenues increased to $81.41 million from $78.22 million in 2021, partially attributed to an extra operational week. The company noted progress in store development and ongoing marketing investments.

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Winmark Corporation (NASDAQ: WINA) announced a quarterly cash dividend of $0.70 per share, set to be paid on March 1, 2023, to shareholders recorded by the close of business on February 8, 2023. This decision reflects the company's commitment to returning income to shareholders. Winmark, recognized for its franchising business, operates 1,295 franchises and offers over 2,800 available territories. The corporation aims to foster sustainability through its award-winning resale franchises, including Plato’s Closet® and Once Upon A Child®. Future dividends will remain subject to Board approval.

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Winmark Corporation (NASDAQ: WINA) has appointed Amy C. Becker to its Board of Directors. Becker, currently the Chief Legal Officer at Donaldson Company (NYSE: DCI), brings extensive experience in corporate governance and legal strategy. Winmark, a leader in franchise business focused on sustainability, operates multiple resale franchises including Plato’s Closet® and Once Upon A Child®. As of September 24, 2022, Winmark had 1,291 franchises and 2,800 available territories, reflecting its ongoing growth and commitment to providing opportunities for entrepreneurial ventures.

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Winmark Corporation (NASDAQ: WINA) has declared a quarterly cash dividend of $0.70 per share and a special dividend of $3.00 per share, both payable on December 1, 2022, to shareholders of record by November 9, 2022. The total special dividend amounts to approximately $10.3 million. In 2022, Winmark returned $68.3 million to shareholders through share repurchases and dividends, highlighting its commitment to shareholder returns.

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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.

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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.

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FAQ

What is the current stock price of Winmark (WINA)?

The current stock price of Winmark (WINA) is $369.22 as of October 4, 2024.

What is the market cap of Winmark (WINA)?

The market cap of Winmark (WINA) is approximately 1.3B.

What is Winmark Corporation?

Winmark Corporation is a leader in franchise-owned and operated business opportunities, franchising value-oriented retail stores across North America.

Which brands are part of Winmark Corporation?

Winmark Corporation's brands include Once Upon A Child®, Plato’s Closet®, Play It Again Sports®, Music Go Round®, and Style Encore®.

What services does Winmark Corporation provide?

Winmark provides franchise opportunities, franchise consulting services, strategic investment, and technology leasing and financing.

What is the Franchising segment of Winmark Corporation?

The Franchising segment includes retail stores that buy, sell, trade, and consign gently used merchandise and offer franchising consulting services.

What is the Leasing segment of Winmark Corporation?

The Leasing segment focuses on middle-market equipment leasing and small-ticket financing.

How many stores does Winmark Corporation franchise?

Winmark Corporation franchises 1,184 value-oriented retail stores across North America.

What is Winmark Franchise Partners?

Winmark Franchise Partners is a franchise consulting company under Winmark Corporation that partners with emerging franchisors and entrepreneurs.

How does Winmark Corporation contribute to sustainability?

Winmark's brands recycle millions of items back into their communities, promoting sustainability and responsible consumption.

What is Winmark Capital Corporation?

Winmark Capital Corporation is a subsidiary of Winmark Corporation that offers technology leasing and financing services.

What drives Winmark Corporation's revenue?

The majority of Winmark Corporation's revenue is driven by its Franchising segment.

Winmark Corp

Nasdaq:WINA

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WINA Stock Data

1.25B
3.52M
17.44%
76.26%
4.15%
Specialty Retail
Retail-miscellaneous Retail
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United States of America
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