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Jun 29, 2024
Winmark Q2 2024 Earnings Report
Winmark's net income remained consistent with the previous year, with revenue slightly decreasing due to the strategic decision to run-off its leasing portfolio.
Key Takeaways
Winmark Corporation reported a slight increase in net income for the quarter ended June 29, 2024, with $10,431,400, or $2.85 per share diluted, compared to $10,368,800, or $2.85 per share diluted, for the same period in 2023. The company's results were impacted by the decision to run-off its leasing portfolio.
Net income for the quarter ended June 29, 2024 was $10,431,400, or $2.85 per share diluted.
This is compared to net income of $10,368,800, or $2.85 per share diluted, in 2023.
The company had 1,336 franchises in operation as of June 29, 2024.
Year-to-date growth in royalties resulted from higher overall store count and increases in per unit performance.
Winmark
Winmark
Winmark Revenue by Segment
Revenue by Segment
Deposit related fees Revenue
CapyFin.comTrust Revenue
CapyFin.comLoan related fees Revenue
CapyFin.com Forward Guidance
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.
Revenue & Expenses
Visualization of income flow from segment revenue to net income