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 (NASDAQ: WINA), known as Winmark – the Resale Company®, regularly issues news updates that highlight its role as a franchisor of resale retail concepts in the used merchandise stores industry. News for WINA often centers on the performance and expansion of its franchise system, which includes the brands Plato’s Closet, Once Upon A Child, Play It Again Sports, Style Encore and Music Go Round.
Investors following Winmark’s news can expect recurring earnings announcements, where the company reports quarterly and annual net income, revenue by category, income from operations and cash flow details. These releases typically break out royalties, leasing income, merchandise sales, franchise fees and other revenue, and provide context on trends such as the run-off of the leasing portfolio and the growth in franchise count.
Another key theme in Winmark’s news flow is dividend activity. The company frequently announces Board-approved quarterly cash dividends and has disclosed a special dividend, including the per-share amount, record date, payment date and the expected total value based on shares outstanding. These updates are often accompanied by Form 8-K filings that formally document the dividend decisions.
Winmark’s news also covers governance and leadership changes, such as additions to the Board of Directors and the creation of executive roles like Chief Marketing Officer. These announcements describe the experience of new appointees and how their expertise is expected to support Winmark’s franchise system, technology initiatives and marketing efforts.
For those tracking the resale and franchising space, the WINA news page on Stock Titan offers a consolidated view of Winmark’s operational results, capital return decisions and corporate developments. Regularly reviewing this feed helps readers see how the company’s franchise network, financial performance and governance evolve over time.
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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.
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®.
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.
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.
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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