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as of 10-01-2026 3:43pm EST

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Winmark Corp is a franchisor of value-oriented retail store concepts that buy, sell, and trade gently used merchandise. The company has one reportable segment, including Franchising, and one non-reportable segment, Leasing. The franchising segment franchises value-oriented retail stores that buy, sell, trade, and consign merchandise as well as provide strategic consulting services relating to franchising. The leasing segment includes the middle-market equipment leasing business and small-ticket financing business. It generates a majority of its revenue from the Franchising segment.

Founded: 1988 Country:
United States
United States
Employees: N/A City: MINNEAPOLIS
Market Cap: 1.1B IPO Year: 2006
Target Price: N/A AVG Volume (30 days): 61.7K
Analyst Decision: N/A Number of Analysts: N/A
Dividend Yield:
4.69%
Dividend Payout Frequency: quarterly
EPS: 5.31 EPS Growth: 3.76
52 Week Low/High: $280.05 - $526.80 Next Earning Date: 10-14-2026
Revenue: $86,055,700 Revenue Growth: 5.86%
Revenue Growth (this year): 3.38% Revenue Growth (next year): 6.25%
P/E Ratio: 58.06 Index: N/A
Free Cash Flow: 44.7M FCF Growth: -3.02%

Earnings Transcripts

SEC 8-K filings with transcript text

View All
2026
Q2

Q2 2026 Earnings

8-K BUY

Jul 15, 2026 · 100% conf.

AI Prediction BUY

1D

+1.92%

$384.01

Act: +3.24%

5D

+3.40%

$389.57

Act: -6.58%

20D

+7.23%

$403.98

Price: $376.76 Prob +5D: 100% AUC: 1.000
0000908315-26-000027

EX-99.1

2 wina-20260715xex99d1.htm

EX-99.1

2020 2nd Qtr Results (00022559).DOCX

Exhibit 99.1

​

​

​

Contact:Anthony D. Ishaug

763/520-8500

​

​

FOR IMMEDIATE RELEASE

​

WINMARK CORPORATION ANNOUNCES

SECOND QUARTER RESULTS

​

Minneapolis, MN (July 15, 2026)  -  Winmark Corporation (Nasdaq: WINA) announced today net income for the quarter ended June 27, 2026 of $10,394,800 or $2.81 per share diluted compared to net income of $10,601,200 or $2.89 per share diluted in 2025. For the six months ended June 27, 2026, net income was $19,649,600 or $5.31 per share diluted compared to net income of $20,557,600 or $5.60 per share diluted for the same period last year.  2025 year-to-date results included $2.2 million of leasing income from the settlement of customer litigation.

​

“Winmark has continued to make investments in advance of the Plato’s Closet North American Ad Fund launch and in support of technology and innovation initiatives across our network,” noted Brett D. Heffes, Chair and Chief Executive Officer

​

Winmark - the Resale Company®, is a nationally recognized franchisor focused on sustainability and small business formation.  We champion and guide entrepreneurs interested in operating one of our award winning resale franchises: Plato’s Closet®, Once Upon A Child®, Play It Again Sports®, Style Encore® and Music Go Round®.  At June 27, 2026, there were 1,389 franchises in operation and over 2,800 available territories.  An additional 87 franchises have been awarded but are not open.

​

This press release contains forward-looking statements within the meaning of the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), relating to future events or the future financial performance of the Company.  Such forward-looking statements are only predictions or statements of intention subject to risks and uncertainties and actual events or results could differ materially from those anticipated.  Because actual result may differ, shareholders and prospective investors are cautioned not to place undue reliance on such forward-looking statements.

​

​

​

​

WINMARK CORPORATION

CONDENSED BALANCE SHEETS

(Unaudited)

​

​

​

​

​

​

​

​

​

​ ​ ​

June 27, 2026

​ ​ ​

December 27, 2025

ASSETS

Current Assets:

​

​

​ ​ ​

​

​

​

Cash and cash equivalents

​

$

25,834,500

​

$

10,295,700

Restricted cash

​

​

150,000

​

​

165,000

Receivables, net

​

​

1,843,400

​

​

1,483,500

Income tax receivable

​

​

436,800

​

​

463,600

Inventories

​

​

656,900

​

​

362,500

Prepaid expenses

​

​

1,846,100

​

​

1,325,700

Total current assets

​

​

30,767,700

​

​

14,096,000

​

​

​

​

​

​

​

Property and equipment, net

​

​

1,086,300

​

​

1,219,000

Operating lease right of use asset

​

​

1,577,700

​

​

1,761,500

Intangible assets, net

​

​

2,109,300

​

​

2,286,300

Capitalized software

​

​

2,210,300

​

​

—

Goodwill

​

​

607,500

​

​

607,500

Other assets

​

​

526,600

​

​

506,400

Deferred income taxes

​

​

4,304,800

​

​

4,407,400

​

​

$

43,190,200

​

$

24,884,100

​

​

​

​

​

​

​

LIABILITIES AND SHAREHOLDERS’ EQUITY (DEFICIT)

Current Liabilities:

​

​

​

​

​

​

Accounts payable

​

$

2,113,100

​

$

1,673,900

Accrued liabilities

​

​

4,422,500

​

​

2,324,800

Deferred revenue

​

​

1,669,100

​

​

1,667,300

Total current liabilities

​

​

8,204,700

​

​

5,666,000

Long-Term Liabilities:

​

​

​

​

​

​

Line of credit/Term loan

​

​

30,000,000

​

​

30,000,000

Notes payable, net

​

​

29,970,200

​

​

29,961,000

Deferred revenue

​

​

8,417,400

​

​

8,350,100

Operating lease liabilities

​

​

2,054,800

​

​

2,414,200

Other liabilities

​

​

2,165,800

​

​

2,175,200

Total long-term liabilities

​

​

72,608,200

​

​

72,900,500

Shareholders’ Equity (Deficit):

​

​

​

​

​

​

Common stock, no par, 10,000,000 shares authorized, 3,587,079 and 3,571,861 shares issued and outstanding

​

​

23,110,400

​

​

19,612,800

Retained earnings (accumulated deficit)

​

​

(60,733,100)

​

​

(73,295,200)

Total shareholders’ equity (deficit)

​

​

(37,622,700)

​

​

(53,682,400)

​

​

$

43,190,200

​

$

24,884,100

​

​

​

2

​

Winmark Corporation

CONDENSED STATEMENTS OF OPERATIONS

(Unaudited)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Three Months Ended

​

Six Months Ended

​

​

​

June 27, 2026

​

June 28, 2025

​

June 27, 2026

​

June 28, 2025

​

Revenue:

​ ​ ​

​

​

​ ​ ​

​

​

​ ​ ​

​

​

​ ​ ​

​

​

​ ​ ​

Royalties

​

$

20,117,000

​

$

18,662,100

​

$

39,379,800

​

$

36,436,700

​

Leasing income

​

​

—

​

​

46,600

​

​

—

​

​

2,354,500

​

Merchandise sales

​

​

859,300

​

​

803,600

​

​

1,513,200

​

​

1,744,900

​

Franchise fees

​

​

419,500

​

​

338,400

​

​

762,400

​

​

670,400

​

Other

​

​

570,200

​

​

566,100

​

​

1,160,300

​

​

1,129,900

​

Total revenue

​

​

2026
Q1

Q1 2026 Earnings

8-K

Apr 15, 2026

0000908315-26-000016

EX-99.1

2 wina-20260415xex99d1.htm

EX-99.1

2020 2nd Qtr Results (00022559).DOCX

Exhibit 99.1

​

​

​

Contact:Anthony D. Ishaug

763/520-8500

​

​

FOR IMMEDIATE RELEASE

​

WINMARK CORPORATION ANNOUNCES

FIRST QUARTER RESULTS

​

Minneapolis, MN (April 15, 2026)  -  Winmark Corporation (Nasdaq: WINA) announced today net income for the quarter ended March 28, 2026 of $9,254,700 or $2.50 per share diluted compared to net income of $9,956,400 or $2.71 per share diluted in 2025. First quarter 2025 results included $2.2 million of leasing income from the settlement of customer litigation.

​

“During the quarter we introduced two significant enhancements to our business model in partnership with our franchisees,” noted Brett D. Heffes, Chair and Chief Executive Officer. “We are launching a North American Ad Fund for Plato’s Closet as well as modernizing the point-of-sale offering for our franchisees. These two improvements are intended to provide permanent vehicles to fund ongoing reinvestment in marketing, technology and innovation initiatives on behalf of our franchisees.” For additional details on these announcements, please refer to the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on March 16, 2026.

​

Winmark - the Resale Company®, is a nationally recognized franchisor focused on sustainability and small business formation.  We champion and guide entrepreneurs interested in operating one of our award winning resale franchises: Plato’s Closet®, Once Upon A Child®, Play It Again Sports®, Style Encore® and Music Go Round®.  At March 28, 2026, there were 1,383 franchises in operation and over 2,800 available territories.  An additional 79 franchises have been awarded but are not open.

​

This press release contains forward-looking statements within the meaning of the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), relating to future events or the future financial performance of the Company.  Such forward-looking statements are only predictions or statements of intention subject to risks and uncertainties and actual events or results could differ materially from those anticipated.  Because actual result may differ, shareholders and prospective investors are cautioned not to place undue reliance on such forward-looking statements.

​

​

​

​

WINMARK CORPORATION

CONDENSED BALANCE SHEETS

(Unaudited)

​

​

​

​

​

​

​

​

​

​ ​ ​

March 28, 2026

​ ​ ​

December 27, 2025

ASSETS

Current Assets:

​

​

​ ​ ​

​

​

​

Cash and cash equivalents

​

$

19,828,300

​

$

10,295,700

Restricted cash

​

​

100,000

​

​

165,000

Receivables, net

​

​

2,002,500

​

​

1,483,500

Income tax receivable

​

​

—

​

​

463,600

Inventories

​

​

421,400

​

​

362,500

Prepaid expenses

​

​

2,698,800

​

​

1,325,700

Total current assets

​

​

25,051,000

​

​

14,096,000

​

​

​

​

​

​

​

Property and equipment, net

​

​

1,138,400

​

​

1,219,000

Operating lease right of use asset

​

​

1,670,700

​

​

1,761,500

Intangible assets, net

​

​

2,197,800

​

​

2,286,300

Goodwill

​

​

607,500

​

​

607,500

Other assets

​

​

525,400

​

​

506,400

Deferred income taxes

​

​

4,407,400

​

​

4,407,400

​

​

$

35,598,200

​

$

24,884,100

​

​

​

​

​

​

​

LIABILITIES AND SHAREHOLDERS’ EQUITY (DEFICIT)

Current Liabilities:

​

​

​

​

​

​

Accounts payable

​

$

1,057,500

​

$

1,673,900

Income tax payable

​

​

1,919,100

​

​

—

Accrued liabilities

​

​

4,496,800

​

​

2,324,800

Deferred revenue

​

​

1,654,700

​

​

1,667,300

Total current liabilities

​

​

9,128,100

​

​

5,666,000

Long-Term Liabilities:

​

​

​

​

​

​

Line of credit/Term loan

​

​

30,000,000

​

​

30,000,000

Notes payable, net

​

​

29,965,600

​

​

29,961,000

Deferred revenue

​

​

8,307,000

​

​

8,350,100

Operating lease liabilities

​

​

2,235,800

​

​

2,414,200

Other liabilities

​

​

2,170,400

​

​

2,175,200

Total long-term liabilities

​

​

72,678,800

​

​

72,900,500

Shareholders’ Equity (Deficit):

​

​

​

​

​

​

Common stock, no par, 10,000,000 shares authorized, 3,577,671 and 3,571,861 shares issued and outstanding

​

​

21,260,800

​

​

19,612,800

Retained earnings (accumulated deficit)

​

​

(67,469,500)

​

​

(73,295,200)

Total shareholders’ equity (deficit)

​

​

(46,208,700)

​

​

(53,682,400)

​

​

$

35,598,200

​

$

24,884,100

​

​

​

2

​

Winmark Corporation

CONDENSED STATEMENTS OF OPERATIONS

(Unaudited)

​

​

​

​

​

​

​

​

​

​

​

​

Three Months Ended

​

​

​

​

March 28, 2026

​

March 29, 2025

​

​

Revenue:

​ ​ ​

​

​

​ ​ ​

​

​

​ ​ ​

​ ​ ​

Royalties

​

$

19,262,800

​

$

17,774,700

​

​

Leasing income

​

​

—

​

​

2,307,800

​

​

Merchandise sales

​

​

653,900

​

​

941,300

​

​

Franchise fees

​

​

342,900

​

​

332,100

​

​

Other

​

​

590,100

​

​

563,800

​

​

Total revenue

​

2025
Q4

Q4 2025 Earnings

8-K BUY

Feb 18, 2026 · 100% conf.

AI Prediction BUY

1D

+2.05%

$455.65

Act: +3.79%

5D

+2.88%

$459.37

Act: -1.35%

20D

+8.66%

$485.15

Act: -7.71%

Price: $446.49 Prob +5D: 100% AUC: 1.000
0000908315-26-000004

Winmark Corporation_ February 18, 2026 0000908315false00009083152026-02-182026-02-18

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549 ​

FORM 8-K

CURRENT REPORT

​ Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 ​ Date of report (Date of earliest event reported): February 18, 2026 ​ Winmark Corporation (Exact Name of Registrant as Specified in Its Charter) ​ Minnesota (State or Other Jurisdiction of Incorporation) ​ ​

​

000-22012 41-1622691

(Commission File Number) (I.R.S. Employer Identification Number)

​ 605 Highway 169 North, Suite 400, Minneapolis, Minnesota 55441 (Address of Principal Executive Offices) (Zip Code) ​ (763) 520-8500 (Registrant’s Telephone Number, Including Area Code) ​ 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: ​ ☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ​ ☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ​ ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

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

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

Title of each class: Trading Symbol Name of each exchange on which registered:

Common Stock, no par value per share

WINA

Nasdaq Global Market

​ 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). ​ Emerging growth company ☐ ​ 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. ☐

​

​ Item 2.02Results of Operations and Financial Condition ​ On February 18, 2026, Winmark Corporation (the “Company”) announced in a press release its results of operations and financial condition for the year ended December 27, 2025. A copy of the press release is attached as Exhibit 99.1 of this Current Report on Form 8-K. ​ ​ Item 7.01Regulation FD Disclosure ​ On February 18, 2025, the Company announced in a press release its results of operations and financial condition for the year ended December 27, 2025. A copy of the press release is attached as Exhibit 99.1 of this Current Report on Form 8-K. ​ ​ Item 9.01Financial Statements and Exhibits ​ (d)Exhibits ​ c

​

​

99.1 ​ ​ ​ Year End Results Press Release dated February 18, 2026

104 ​ Cover Page Interactive Data File (embedded within the Inline XBRL Document and incorporated as Exhibit 101)

​ ​

​

​ ​

SIGNATURES

​ 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. ​ ​ ​ ​ ​ co

​

​

​

WINMARK CORPORATION

​ ​

Date: February 18, 2026 By: /s/ Anthony D. Ishaug

​ Anthony D. Ishaug

​ Chief Financial Officer and Treasurer

​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

​

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