---
schema_version: "secwatch.filing_event.v1"
accession: "0000908315-24-000007"
form_type: "8-K"
ticker: "WINA"
cik: "0000908315"
company_name: "WINMARK CORP"
filed_at: "2024-02-21T23:59:59+00:00"
generated_at: "2026-06-05T22:34:36.618983+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Winmark FY 2023 net income $40.2M ($11.04 EPS) vs $39.4M ($10.97 EPS) in FY 2022

## Summary
- Revenue rose to $83.2M from $81.4M in 2022; Q4 revenue not separately disclosed.
- Q4 net income $9.7M ($2.64 diluted EPS) down from $10.2M ($2.86) a year ago.
- 1,319 franchises operating at Dec 30, 2023; 71 additional awarded but not yet open.
- CEO cited positive franchise performance but slower growth in H2 2023.
- 2022 had an extra week; leasing portfolio runoff continued to affect results.

## SEC filing metadata
- accession: 0000908315-24-000007
- form_type: 8-K
- ticker: WINA
- cik: 0000908315
- company_name: WINMARK CORP
- filed_at: 2024-02-21T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/908315/000090831524000007/0000908315-24-000007-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/908315/000090831524000007/wina-20240221x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000908315-24-000007
- JSON: https://secwatch.observer/filing/0000908315-24-000007.json
- Plain text: https://secwatch.observer/filing/0000908315-24-000007.txt

## Key facts
- Earnings Releases
  WINMARK CORP reported the year ended December 30, 2023 results: revenue $83,243,500, net income $40,178,100, EPS $11.04 per share diluted.
  - Period: the year ended December 30, 2023
  - Revenue: $83,243,500
  - Net income: $40,178,100
  - EPS: $11.04 per share diluted
  - Result: reported results
  source text: Winmark Corporation (Nasdaq: WINA) announced today net income for the year ended December 30, 2023 of $40,178,100 or $11.04 per share diluted compared to net income of $39,424,900 or $10.97 per share diluted in 2022. The fourth quarter 2023 net income was $9,716,800 or $2.64 per share diluted, compared to net income of $10,176,600 or $2.86 per share diluted, for the same period last year. Revenues for the year ended December 30, 2023 were $83,243,500, up from $81,410,800 in 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/908315/000090831524000007/0000908315-24-000007-index.htm

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