---
schema_version: "secwatch.filing_event.v1"
accession: "0000908315-23-000019"
form_type: "8-K"
ticker: "WINA"
cik: "0000908315"
company_name: "WINMARK CORP"
filed_at: "2023-04-19T23:59:59+00:00"
generated_at: "2026-06-17T00:13:48.720730+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000908315-23-000019
- form_type: 8-K
- ticker: WINA
- cik: 0000908315
- company_name: WINMARK CORP
- filed_at: 2023-04-19T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/908315/000090831523000019/0000908315-23-000019-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/908315/000090831523000019/wina-20230419x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000908315-23-000019
- JSON: https://secwatch.observer/filing/0000908315-23-000019.json
- Plain text: https://secwatch.observer/filing/0000908315-23-000019.txt

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