Winmark Corporation reported earnings results for the second quarter and six months ended June 29, 2024. For the second quarter, the company reported sales was USD 0.5244 million compared to USD 1.02 million a year ago. Revenue was USD 20.12 million compared to USD 20.36 million a year ago. Net income was USD 10.43 million compared to USD 10.37 million a year ago. Basic earnings per share from continuing operations was USD 2.97 compared to USD 2.98 a year ago. Diluted earnings per share from continuing operations was USD 2.85 compared to USD 2.85 a year ago.
For the six months, sales was USD 1.36 million compared to USD 2.66 million a year ago. Revenue was USD 40.23 million compared to USD 40.89 million a year ago. Net income was USD 19.25 million compared to USD 19.31 million a year ago. Basic earnings per share from continuing operations was USD 5.49 compared to USD 5.57 a year ago. Diluted earnings per share from continuing operations was USD 5.26 compared to USD 5.34 a year ago.
Winmark Corporation is a franchising company. The Company offers licenses to operate franchises using the service marks Plato’s Closet, Once Upon A Child, Play It Again Sports, Style Encore, and Music Go Round. In addition, the Company sells point-of-sale system hardware to its franchisees and certain merchandise to its Play It Again Sports franchisees. It has developed an e-commerce platform that allows franchisees of its Music Go Round, Play It Again Sports and Style Encore brands to market and sell in-store product inventory online. It operates through the franchising segment, which franchises value-oriented retail store concepts that buy, sell and trade merchandise. It has over 1,378 franchises in operation in the United States and Canada and 2,800 available territories. The Company also operates as a middle-market equipment leasing business under the Winmark Capital mark. Its subsidiaries also include Grow Biz Games, Inc., and Wirth Business Credit, Inc.
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Investor
Investor
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Global
Global
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Quality
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ESG MSCI
ESG MSCI
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