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 Corporation (Nasdaq: WINA) reported a net income of $10,082,500 or $2.67 per diluted share for the quarter ending September 25, 2021, an increase from $9,358,800 or $2.43 per diluted share a year prior. For the nine months, net income rose to $28,330,900 or $7.40 per diluted share, compared to $21,731,000 or $5.63 in 2020. With 1,269 franchises operating and over 2,000 available territories, Winmark continues to experience growth and the continued support of its franchise system.
Winmark Corporation (NASDAQ: WINA) has announced the issuance of $30.0 million in 3.18% Senior Secured Notes, maturing in 2028. The financing comes from affiliates of PGIM, Inc. and will be used for general corporate purposes, including potential share repurchases and dividends. As of June 26, 2021, Winmark operated 1,266 franchises and had over 2,000 available territories. The company is known for its sustainability-focused franchising business, which includes brands like Plato’s Closet® and Play It Again Sports®.
Winmark Corporation (Nasdaq: WINA) has announced a quarterly cash dividend of $0.45 per share to be paid on September 1, 2021, to shareholders on record as of August 11, 2021. The company’s Board of Directors also approved an increase of 400,000 shares to its share repurchase authorization, representing about 11% of outstanding shares. The repurchase can be conducted through various methods without a set end date. Winmark operates 1,266 franchises in the resale industry, highlighting its commitment to sustainability and small business growth.
Winmark Corporation (Nasdaq: WINA) reported a net income of $8,937,300 or $2.33 per diluted share for the quarter ending June 26, 2021, up from $5,055,200 or $1.33 per share in 2020. For the first half of 2021, net income rose to $18,248,400 or $4.74 per share, compared to $12,372,200 or $3.21 per share last year. The company operates 1,266 franchises and has over 2,000 available territories. Winmark's business model focuses on sustainability and supporting small business formation through franchises like Plato’s Closet and Once Upon A Child.
Winmark Corporation (Nasdaq: WINA) has announced it will stop soliciting new leasing customers and will instead focus on a run-off strategy for its middle-market leasing portfolio. CEO Brett D. Heffes stated this move aims to enhance the company’s leadership in the resale market, maximizing shareholder value. Winmark operates a franchising business in sustainability, with 1,264 franchises across five major brands as of March 27, 2021, and over 2,000 available territories for future franchises.
Winmark Corporation (Nasdaq: WINA) has approved an increase in its quarterly cash dividend to $0.45 per share, up by $0.20 from the previous rate. This dividend will be paid on June 1, 2021, to shareholders of record by May 12, 2021. Winmark operates 1,264 franchises under brands such as Plato's Closet® and Once Upon A Child® as of March 27, 2021, with an additional 32 franchises awarded but not yet opened. Future dividends will require Board approval.
Winmark Corporation (Nasdaq: WINA) reported a net income of $9,311,100 or $2.40 per diluted share for the quarter ending March 27, 2021. This reflects an increase from the previous year’s net income of $7,317,000 or $1.87 per share. The company attributes this growth to the strength of its business model and improved franchisee performance. As of March 27, 2021, Winmark operated 1,264 franchises and awarded an additional 32 franchises set to open soon. The press release includes forward-looking statements that highlight potential risks and uncertainties.
Winmark Corporation (Nasdaq: WINA) reported a net income of $29.8 million for the year ending December 26, 2020, a decrease from $32.1 million in 2019. Earnings per share diluted fell from $7.84 to $7.72. Fourth quarter net income was $8.1 million, slightly down from $8.5 million the previous year. Revenue decreased to $66.1 million from $73.3 million in 2019. CEO Brett D. Heffes expressed satisfaction with the results despite challenges posed by COVID-19, highlighting the resilience of franchisees and the company's commitment to sustainability.
Winmark Corporation (Nasdaq: WINA) has declared a quarterly cash dividend of $0.25 per share, payable on March 1, 2021, to shareholders recorded as of the close of business on February 10, 2021. This decision reflects the company's ongoing commitment to returning value to shareholders. As of December 26, 2020, Winmark operates 1,264 franchises across brands like Plato’s Closet® and Play It Again Sports®, with 30 additional franchises awarded but not yet opened. Future dividends are contingent upon Board approval.
Winmark Corporation (Nasdaq: WINA) announces the appointment of Gina De Caro Sprenger to its Board of Directors. With over 30 years in leadership roles within retail, ecommerce, and direct marketing, Sprenger's experience includes her current position as Chief Strategic Retail Officer at Fanatics, Inc., and prior significant roles at Bluestem Brands and Target. Chairman Brett D. Heffes expressed confidence in Sprenger's expertise, highlighting its importance for executing the company's business strategy. Winmark operates 1,264 franchises across five brands as of December 2020.