Winmark Q1 net income down 9% YoY to $2.49 EPS; dividend raised to $0.80 quarterly

WINMARK CORP

2023-Q1 EPS reported $2.49 revenue$20,523,600

Net income of $8.94M ($2.49 diluted EPS) vs $9.85M ($2.65 EPS) in Q1 2022.
Quarterly cash dividend increased by $0.10 to $0.80 per share, payable June 1, 2023.
Record date for dividend is May 17, 2023; future dividends subject to Board approval.
Company attributed results to May 2021 decision to run-off leasing portfolio.
1,297 franchises in operation as of April 1, 2023.

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