NASDAQ$WINA

Winmark Corporation · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

Winmark's net income remained consistent with the previous year, with revenue slightly decreasing due to the strategic decision to run-off its leasing portfolio.

Winmark Corporation reported a slight increase in net income for the quarter ended June 29, 2024, with $10,431,400, or $2.85 per share diluted, compared to $10,368,800, or $2.85 per share diluted, for the same period in 2023. The company's results were impacted by the decision to run-off its leasing portfolio.

  • Net income for the quarter ended June 29, 2024 was $10,431,400, or $2.85 per share diluted.
  • This is compared to net income of $10,368,800, or $2.85 per share diluted, in 2023.
  • The company had 1,336 franchises in operation as of June 29, 2024.
  • Year-to-date growth in royalties resulted from higher overall store count and increases in per unit performance.

Headline financials

Total Revenue

$20.1M

Previous: $20.4M-1.2%
EPS

$2.85

Previous: $2.85+0.0%
Capital Expenditures

-$191K

Previous: -$96.9K-96.7%
Free Cash Flow

$10.2M

Previous: $10.3M-0.3%
Net Income

$10.4M

Previous: $10.4M+0.6%
Operating Income

$13M

Previous: $13.3M-1.8%
Gross Profit

$20.1M

Previous: $20.4M-1.2%
Cash & Equivalents

$29.4M

Previous: $32.3M-9.0%
Total Assets

$44.7M

Previous: $47.7M-6.2%
Stock-Based Comp

$455K

Previous: $466K-2.5%

Revenue & EPS history

Winmark · Revenue · Quarterly

$20.1M

Q2 2024-1.2%vs Q2 2023
Beat estimate in 3 of 6 quarters(50%)
ActualEstimate

Revenue by segment

Winmark · $19.7M total across 2 segments · Q3 2023

  • Royalties
    $19.2M+7.6%
  • Other Revenue
    $484K+7.7%

Forward guidance

This press release contains forward-looking statements within the meaning of the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), relating to future events or the future financial performance of the Company.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2024

Historical avgQ2 2024

+1.0%

Avg return

Earnings day

+1.2%

Avg return

5 days after

+1.6%

Avg return

30 days after

63%

40 / 64 earnings

Positive

+6.6%

Q3 2021

Best reaction

-8.3%

Q1 2026

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-8.3%-7.1%-15.7%
Q3 2025+3.7%-1.7%-3.0%
Q2 2025+3.3%+9.8%+31.2%
Q1 2025+2.4%+7.8%+30.3%
Q4 2024-1.5%-11.0%-14.4%
Q3 2024+3.8%+5.1%+5.6%
Q2 2024-5.7%-3.6%-12.2%
Q1 2024+3.8%+7.2%+5.5%
Q4 2023-2.1%-4.4%-13.3%
Q3 2023+4.6%+0.4%+9.3%
Q2 2023+4.9%+3.6%+2.6%
Q1 2023+2.4%+4.0%+0.4%
Q4 2022+1.5%-0.2%+9.7%
Q3 2022+3.0%+5.1%+12.7%
Q2 2022+1.3%+1.8%+16.4%
Q1 2022+3.0%+4.3%-3.3%
Q4 2021+6.3%+4.4%+4.5%
Q3 2021+6.6%+6.8%+26.8%
Q2 2021+6.3%+6.4%+3.8%
Q1 2021+2.5%+7.7%+6.4%
Q4 2020-0.2%+1.3%+4.5%
Q3 2020-5.7%-7.1%-2.2%
Q2 2020+3.3%+2.2%+4.6%
Q1 2020+1.3%+10.4%-10.9%
Q4 2019-1.3%-0.7%-35.3%
Q3 2019+0.3%+1.8%+0.1%
Q2 2019-2.0%-4.2%-5.7%
Q1 2019-1.5%+0.2%-4.0%
Q4 2018+4.0%+1.9%+12.2%
Q3 2018-1.1%-2.3%-5.5%
Q2 2018+0.9%-0.0%+2.4%
Q1 2018-0.5%-0.8%+2.9%
Q4 2017+0.2%+1.2%-0.0%
Q3 2017-0.9%-4.9%-9.5%
Q2 2017+2.0%+0.3%-0.3%
Q1 2017-0.2%+1.1%+5.1%
Q4 2016-0.7%-1.9%-0.4%
Q3 2016-1.3%+0.6%+0.4%
Q2 2016+0.2%+1.2%+1.3%
Q1 2016-0.4%
Q4 2015+1.6%
Q3 2015+0.8%
Q2 2015-2.7%
Q1 2015+5.7%
Q4 2014+1.0%
Q3 2014-1.5%
Q2 2014-0.4%
Q1 2014+2.1%
Q4 2013-2.3%
Q3 2013+0.7%
Q2 2013+6.0%
Q1 2013+0.1%
Q4 2012-0.2%
Q3 2012+0.1%
Q2 2012+1.5%
Q1 2011+6.4%
Q1 2012+0.7%
Q4 2011+1.7%
Q3 2010+4.3%
Q3 2011+4.3%
Q2 2010-2.4%
Q4 2010-2.4%
Q2 2011-2.4%
Q1 2010+1.8%

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