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Winmark Corporation reported a net income of $9,311,100 or $2.40 per share diluted for the quarter ended March 27, 2021, compared to a net income of $7,317,000 or $1.87 per share diluted in 2020.
Net income for Q1 2021 was $9,311,100, or $2.40 per share diluted.
This compares to a net income of $7,317,000, or $1.87 per share diluted, in Q1 2020.
There were 1,264 franchises in operation as of March 27, 2021.
Exceptional first quarter results were attributed to the resiliency of the business model and improved franchisee execution.
Visualization of income flow from segment revenue to net income