MINNEAPOLIS - (BUSINESS WIRE) - February 26, 2020 - Winmark Corporation (Nasdaq: WINA) announced today net income for the year ended December 28, 2019 of $32,149,300 or $7.84 per share diluted compared to net income of $30,125,500 or $7.26 per share diluted in 2018. The fourth quarter 2019 net income was $8,461,400 or $2.08 per share diluted, compared to net income of $7,657,800 or $1.83 per share diluted, for the same period last year. Revenues for the year ended December 28, 2019 were $73,298,900, up from $72,511,100 in 2018.
“Our increased operating results in both the fourth quarter and full year 2019 were due to the improved performance of our core franchising business,” commented Brett D. Heffes, Chief Executive Officer.
Winmark Corporation creates, supports and finances business. At December 28, 2019, there were 1,256 franchises in operation under the brands Plato’s Closet®, Once Upon A Child®, Play It Again Sports®, Style Encore® and Music Go Round®. An additional 38 retail franchises have been awarded but are not open.
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.
Brett D. Heffes
763/520-8500
SOURCE Winmark Corporation
Winmark Corporation is a recognized leader in franchise-owned and operated business opportunities.