secwatch.observer — SEC 8-K summary
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Issuer:     WINMARK CORP (WINA)
CIK:        0000908315
Form:       8-K
Filed at:   2024-02-21T23:59:59+00:00
Accession:  0000908315-24-000007
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/908315/000090831524000007/0000908315-24-000007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/908315/000090831524000007/wina-20240221x8k.htm
  HTML page:      https://secwatch.observer/filing/0000908315-24-000007

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer