---
schema_version: "secwatch.filing_event.v1"
accession: "0000908315-23-000005"
form_type: "8-K"
ticker: "WINA"
cik: "0000908315"
company_name: "WINMARK CORP"
filed_at: "2023-03-01T23:59:59+00:00"
generated_at: "2026-06-18T19:42:36.494532+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Winmark FY2022 net income $39.4M ($10.97 EPS), revenue up 4% to $81.4M

## Summary
- Net income $39.4M ($10.97 diluted EPS) vs $39.9M ($10.48) in 2021; Q4 net income $10.2M ($2.86 EPS).
- Revenue $81.4M, up from $78.2M in 2021; includes extra week of operations.
- Franchise count 1,295 at year-end; 57 awarded not yet open; 2,800+ available territories.
- Board elected Philip I. Smith (Executive Chairman of Intricon) as new director; board expanded to nine.
- Mr. Smith received option to purchase 4,500 shares under 2020 Stock Option Plan.

## SEC filing metadata
- accession: 0000908315-23-000005
- form_type: 8-K
- ticker: WINA
- cik: 0000908315
- company_name: WINMARK CORP
- filed_at: 2023-03-01T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/908315/000090831523000005/0000908315-23-000005-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/908315/000090831523000005/wina-20230301x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000908315-23-000005
- JSON: https://secwatch.observer/filing/0000908315-23-000005.json
- Plain text: https://secwatch.observer/filing/0000908315-23-000005.txt

## Key facts
- Earnings Releases
  WINMARK CORP reported year ended December 31, 2022 results: revenue $81,410,800, net income $39,424,900, EPS $10.97.
  - Period: year ended December 31, 2022
  - Revenue: $81,410,800
  - Net income: $39,424,900
  - EPS: $10.97
  - Result: reported results
  source text: or $2.86 per share diluted, compared to net income of $11,589,000 or $3.09 per share diluted, for the same period last year. Revenues for the year ended December 31, 2022 were $81,410,800 up from $78,216,200 in 2021. Financial performance for 2022 included an extra week of operations due to the Company’s fiscal year ending on the last Saturday of December. ​ Brett
  evidence_url: https://www.sec.gov/Archives/edgar/data/908315/000090831523000005/0000908315-23-000005-index.htm
- Executive change
  Philip I. Smith was elected as Director at WINMARK CORP.
  - Action: elected
  - Role: Director
  source text: Effective March 1, 2023, the Board of Directors (the “Board”) of Winmark Corporation (the “Company”) increased the number of authorized directors of the Company from eight to nine and elected Philip I. Smith to serve on the Company’s Board.
  evidence_url: https://www.sec.gov/Archives/edgar/data/908315/000090831523000005/0000908315-23-000005-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.