MINNEAPOLIS - July 15, 2015 - (BUSINESS WIRE) - Winmark Corporation (Nasdaq:WINA) announced today net income for the quarter ended June 27, 2015 of $4,751,400 (or $1.00 per share diluted) compared to net income of $4,280,800 (or $.82 per share diluted) in the second quarter of 2014. For the six months ended June 27, 2015, net income was $10,805,700 (or $2.18 per share diluted) compared to net income of $8,832,700 (or $1.67 per share diluted) for the same period last year.
The Company’s earnings per share growth during the second quarter was primarily driven by an increase in royalties in the franchising business and the positive impact of the previously announced self-tender offer.
Winmark Corporation creates, supports and finances business. At June 27, 2015, there were 1,116 franchises in operation under the brands Plato's Closet®, Once Upon A Child®, Play It Again Sports®, Music Go Round® and Style Encore®. An additional 108 retail franchises have been awarded but are not open. In addition, at June 27, 2015, the Company had a lease portfolio equal to $38.7 million.
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.
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SOURCE Winmark Corporation
Brett D. Heffes
Winmark Corporation
763-520-8500
Winmark Corporation is a recognized leader in franchise-owned and operated business opportunities.