NASDAQ$WINA

Winmark Corporation · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Winmark's net income decreased in Q4 2022 compared to the same period last year, while full-year revenue increased.

Winmark Corporation reported a decrease in net income for Q4 2022, with $10,176,600 compared to $11,589,000 for the same period last year. However, the company's full-year revenue increased to $81,410,800 from $78,216,200 in 2021.

  • Q4 2022 net income was $10,176,600, or $2.86 per share diluted.
  • Full year 2022 net income was $39,424,900, or $10.97 per share diluted.
  • Full year 2022 revenue increased to $81,410,800.
  • The company had 1,295 franchises in operation as of December 31, 2022.

Headline financials

Total Revenue

$21.1M

Previous: $20.4M+3.7%
EPS (adj)

$2.86

Previous: $3.09-7.4%
Capital Expenditures

$69.1K

Previous: $22.9K+201.7%
Free Cash Flow

$9.51M

Previous: $13.3M-28.3%
Net Income

$10.2M

Previous: $11.6M-12.2%
Operating Income

$13.4M

Previous: $12.9M+3.8%
Gross Profit

$19.9M

Previous: $18.9M+5.2%
Cash & Equivalents

$13.6M

Previous: $11.4M+19.4%
Total Assets

$30.5M

Previous: $26.9M+13.2%
Stock-Based Comp

$449K

Previous: $361K+24.2%

Revenue & EPS history

Winmark · Revenue · Quarterly

$21.1M

Q4 2022+3.7%vs Q4 2021
Beat estimate in 3 of 6 quarters(50%)
ActualEstimate

Revenue by segment

Winmark · $18.4M total across 2 segments · Q4 2022

  • Royalties
    $17.9M+14.6%
  • Other Revenue
    $467K

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 Q4 2022

Historical avgQ4 2022

+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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