earnings
confidence high
sentiment neutral
materiality 0.50
Winmark Q2 net income flat at $10.4M ($2.85 EPS); declares $0.90 dividend
WINMARK CORP
2024-Q2 EPS reported
$5.26
revenue$40,230,200
- Q2 net income $10.4M ($2.85 diluted EPS) virtually unchanged from $10.4M ($2.85) in Q2 2023.
- Six-month net income $19.3M ($5.26 EPS) vs $19.3M ($5.34) in prior year; slight decline.
- Franchise network: 1,336 open units as of June 29, 2024, plus 77 awarded not yet open.
- Quarterly cash dividend of $0.90 per share, payable Sept 3, 2024 to holders of record Aug 14, 2024.
- CEO cites year-to-date royalty growth from higher store count and per unit performance.