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 operates a resale franchising business built around value-oriented retail concepts that buy, sell, trade, and consign gently used merchandise. Its franchise brands include Plato’s Closet, Once Upon A Child, Play It Again Sports, Style Encore and Music Go Round.
Company news commonly covers quarterly and annual results, cash dividends, franchise count updates, awarded territories and system-wide sales. Recurring developments also include franchisee support initiatives, point-of-sale technology modernization, brand marketing funds, and board or committee changes tied to Winmark’s public-company governance.
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.
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