Winmark (WINA) sets $0.96 dividend and reports $1.7B system sales

Rhea-AI Filing Summary

Winmark Corporation declared a quarterly cash dividend of $0.96 per share, payable on March 2, 2026 to shareholders of record at the close of business on February 11, 2026. The company stated that any future dividends will remain subject to Board approval.

Winmark also reported system-wide sales of $1.7 billion for its fiscal year ended December 27, 2025, representing estimated revenue generated across all franchise locations. These updates were announced in conjunction with a press release and the company’s annual franchise conference.

Insights

Equity income and franchise business analyst

Winmark pairs steady cash returns with strong franchise sales base.

Winmark’s Board approved a quarterly dividend of $0.96 per share, reinforcing an ongoing return of cash to shareholders. Regular dividends often signal confidence in recurring earnings that can support these payouts over time, especially for mature, cash-generative models.

The company also cited system-wide sales of $1.7 billion for the fiscal year ended December 27, 2025, reflecting total estimated revenue across its franchise network. While no year-over-year comparison is provided here, this figure highlights the scale of the underlying franchise system, which ultimately drives royalty and fee income.

Actual implications for profitability and cash flow depend on royalty rates, operating costs, and any changes in franchise performance that would be detailed in future periodic reports. Together, the disclosed dividend and sales base frame Winmark as a franchise-focused business emphasizing both network volume and shareholder cash returns.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

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FORM 8-K

CURRENT REPORT

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Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

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Date of report (Date of earliest event reported): January 28, 2026

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Winmark Corporation

(Exact Name of Registrant as Specified in Its Charter)

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Minnesota

(State or Other Jurisdiction of Incorporation)

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000-22012	41-1622691
(Commission File Number)	(I.R.S. Employer Identification Number)

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605 Highway 169 North, Suite 400, Minneapolis, Minnesota 55441

(Address of Principal Executive Offices) (Zip Code)

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(763) 520-8500

(Registrant’s Telephone Number, Including Area Code)

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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

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☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

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☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

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☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

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☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

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Securities registered pursuant to Section 12(b) of the Act:

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Title of each class:	Trading Symbol	Name of each exchange on which registered:
Common Stock, no par value per share	WINA	Nasdaq Global Market

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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

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Emerging growth company ☐

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If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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Item 7.01Regulation FD Disclosure

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On January 28, 2026, Winmark Corporation (the “Company”) announced in a press release that its Board of Directors has approved the payment of a quarterly cash dividend to its shareholders.  The quarterly dividend of $0.96 per share will be paid on March 2, 2026 to shareholders of record on the close of business on February 11, 2026.  Future dividends will be subject to Board approval.  A copy of the press release is attached as Exhibit 99.1 of this Current Report on Form 8-K.

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On January 27, 2026, at its annual franchise conference the Company announced its system-wide sales (defined as estimated revenues generated by all franchise locations) for its fiscal year ended December 27, 2025, of $1.7 billion.

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Item 8.01Other Events

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On January 28, 2026, the Company announced in a press release that its Board of Directors has approved the payment of a quarterly cash dividend to its shareholders.  The quarterly dividend of $0.96 per share will be paid on March 2, 2026 to shareholders of record on the close of business on February 11, 2026.  Future dividends will be subject to Board approval.  A copy of the press release is attached as Exhibit 99.1 of this Current Report on Form 8-K.

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On January 27, 2026, at its annual franchise conference the Company announced its system-wide sales (defined as estimated revenues generated by all franchise locations) for its fiscal year ended December 27, 2025, of $1.7 billion.

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Item 9.01Financial Statements and Exhibits

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(d)Exhibits

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99.1	​	Press Release dated January 28, 2026
104	​	Cover Page Interactive Data File (embedded within the Inline XBRL Document and incorporated as Exhibit 101)

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SIGNATURES

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Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

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​	WINMARK CORPORATION
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Date: January 28, 2026	By:	/s/Anthony D. Ishaug
​	Anthony D. Ishaug
​	Chief Financial Officer and Treasurer

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FAQ

What dividend did Winmark Corporation (WINA) declare in this update?

Winmark Corporation declared a quarterly cash dividend of $0.96 per share. The dividend will be paid on March 2, 2026 to shareholders of record at the close of business on February 11, 2026, subject to ongoing Board approval of future dividends.

When is the record date and payment date for Winmark’s latest dividend?

The dividend record date is February 11, 2026, and the payment date is March 2, 2026. Shareholders recorded by the close of business on the record date will be eligible to receive the $0.96 per share quarterly cash dividend approved by the Board.

What system-wide sales did Winmark Corporation (WINA) report for fiscal 2025?

Winmark reported system-wide sales of $1.7 billion for its fiscal year ended December 27, 2025. System-wide sales represent estimated revenues generated by all franchise locations, providing a sense of the total retail volume across the company’s franchised store network.

How does Winmark define system-wide sales in this disclosure?

Winmark defines system-wide sales as the estimated revenues generated by all franchise locations. This metric reflects the total retail sales volume across the franchise network, rather than Winmark’s own reported revenue, which primarily consists of royalties and related franchise income streams.

Are Winmark’s future dividends guaranteed after this $0.96 per share payment?

Future dividends are not guaranteed; they remain subject to Board approval. The Board has currently authorized a $0.96 per share quarterly cash dividend, but any continuation, increase, or reduction will depend on future decisions based on financial and strategic considerations.

What corporate events accompanied Winmark’s disclosure of sales and dividends?

Winmark announced the dividend and system-wide sales in a press release and at its annual franchise conference. The conference provided the setting for sharing the $1.7 billion system-wide sales figure for fiscal 2025 with stakeholders across the franchise system.