Winmark Corporation reported an increase in net income and revenue for both the fourth quarter and the full year 2019, driven by the improved performance of its core franchising business. In Q4 2019, net income reached $8,461,400, or $2.08 per share diluted, compared to $7,657,800, or $1.83 per share diluted, in the same period last year. Revenue for the quarter ended December 28, 2019, totaled $17,882,600.
Net income for Q4 2019 was $8,461,400, or $2.08 per share diluted.
Q4 2019 net income increased compared to $7,657,800, or $1.83 per share diluted, for the same period last year.
Revenues for Q4 2019 were $17,882,600.
There were 1,256 franchises in operation as of December 28, 2019.
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.
Visualization of income flow from segment revenue to net income