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) has declared a quarterly dividend of $0.25 per share and a special dividend of $3.00 per share, both payable to shareholders of record on November 11, 2020. The total payment for the special dividend amounts to approximately $11.2 million, with disbursement scheduled for December 15, 2020. The company's strong financial position allows it to return capital to shareholders while maintaining operational flexibility for the future.
Winmark Corporation (Nasdaq: WINA) reported a net income of $9,358,800 ($2.43 per diluted share) for the third quarter of 2020, a rise from $9,113,800 ($2.24 per diluted share) in Q3 2019. However, the nine-month net income decreased to $21,731,000 ($5.63 per diluted share) from $23,687,900 ($5.76 per diluted share) in the previous year. As of September 26, 2020, Winmark operates 1,262 franchises under various brand names, with 35 additional franchises awarded but not yet opened.