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Mar 30, 2024
Winmark Q1 2024 Earnings Report
Winmark's first quarter performance was adequate, with net income slightly decreasing compared to the previous year due to the decision to run-off its leasing portfolio.
Key Takeaways
Winmark Corporation reported a net income of $8,819,000, or $2.41 per share diluted, for the quarter ended March 30, 2024. This compares to a net income of $8,942,700, or $2.49 per share diluted, for the same period in 2023. The company's results were impacted by its decision in May 2021 to run-off its leasing portfolio.
Net income for Q1 2024 was $8,819,000, a slight decrease from $8,942,700 in Q1 2023.
Diluted earnings per share were $2.41, compared to $2.49 in the previous year.
The decision to run-off the leasing portfolio impacted the quarterly results.
There were 1,327 franchises in operation as of March 30, 2024, with over 2,800 available territories.
Winmark
Winmark
Winmark Revenue by Segment
Revenue by Segment
Deposit related fees Revenue
CapyFin.comLoan related fees Revenue
CapyFin.com Forward Guidance
This press release contains forward-looking statements that are subject to risks and uncertainties. Shareholders and prospective investors are cautioned not to place undue reliance on such forward-looking statements.
Challenges Ahead
- Forward-looking statements are predictions subject to risks and uncertainties.
- Actual events or results could differ materially from those anticipated.
- Shareholders are cautioned not to place undue reliance on such statements.
- Future financial performance is subject to the safe harbor provisions.
- Statements relate to future events or the future financial performance of the Company.
Revenue & Expenses
Visualization of income flow from segment revenue to net income