Winmark Corporation Reports Earnings Results for the Third Quarter and Nine Months Ended September 28, 2024
Published on 10/16/2024 at 11:34
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Winmark Corporation reported earnings results for the third quarter and nine months ended September 28, 2024. For the third quarter, the company reported sales was USD 0.3162 million compared to USD 1.29 million a year ago. Revenue was USD 21.51 million compared to USD 22.32 million a year ago. Net income was USD 11.12 million compared to USD 11.15 million a year ago. Basic earnings per share from continuing operations was USD 3.16 compared to USD 3.2 a year ago. Diluted earnings per share from continuing operations was USD 3.03 compared to USD 3.05 a year ago.
For the nine months, sales was USD 1.68 million compared to USD 3.95 million a year ago. Revenue was USD 61.74 million compared to USD 63.2 million a year ago. Net income was USD 30.37 million compared to USD 30.46 million a year ago. Basic earnings per share from continuing operations was USD 8.65 compared to USD 8.77 a year ago. Diluted earnings per share from continuing operations was USD 8.29 compared to USD 8.4 a year ago.
Winmark Corporation is a franchising company. The Company offers licenses to operate franchises using the service marks Platoâs 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 1,319 franchises in operation in the United States and Canada and 2,800 available territories. It also operates as a middle-market equipment leasing business through its wholly owned subsidiary, Winmark Capital Corporation. Its subsidiaries also include Grow Biz Games, Inc., and Wirth Business Credit, Inc.
