NASDAQ$WINA

Winmark Corporation · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

Winmark's net income remained relatively stable, with a minor decrease in earnings per share for Q3 2024.

Winmark Corporation reported a slight decrease in net income for the quarter ended September 28, 2024, with $11,120,700 compared to $11,149,800 in 2023. Diluted earnings per share also saw a minor decrease, from $3.05 to $3.03. The results were affected by the company's decision to run-off its leasing portfolio since May 2021.

  • Net income for Q3 2024 was $11,120,700, slightly lower than $11,149,800 in Q3 2023.
  • Diluted earnings per share decreased to $3.03 from $3.05 in the same quarter last year.
  • The company had 1,343 franchises in operation as of September 28, 2024.
  • Winmark continues to focus on sustainability and small business formation through its resale franchise model.

Headline financials

Total Revenue

$21.5M

Previous: $22.3M-3.6%
EPS

$3.03

Previous: $3.05-0.7%
Capital Expenditures

-$195K

Previous: -$285K+31.5%
Free Cash Flow

$10.9M

Previous: $10.9M+0.6%
Net Income

$11.1M

Previous: $11.1M-0.3%
Operating Income

$14.9M

Previous: $15.1M-1.3%
Gross Profit

$21.5M

Previous: $22.3M-3.6%
Cash & Equivalents

$37.2M

Previous: $40.6M-8.3%
Total Assets

$52M

Previous: $55.5M-6.5%
Stock-Based Comp

$518K

Previous: $509K+1.7%

Revenue & EPS history

Winmark · Revenue · Quarterly

$21.5M

Q3 2024-3.6%vs Q3 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 Q3 2024

Historical avgQ3 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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