Winmark Corp reported second-quarter 2026 results with revenue of $21.97M, up 7.6% from $20.42M a year earlier, while diluted EPS was $2.81, down (2.8%) versus $2.89 in the prior-year quarter and net income declined to $10.39M from $10.6M.
Financial Highlights
| MetricCurrent quarterPrior year quarterYoY change | Revenue¹$21.97M$20.42M7.6% | Net income²$10.39M$10.6M(1.9%) | Diluted EPS³$2.81$2.89(2.8%) |
¹ Reported as “Total revenue”. ² Reported as “Net income”. ³ Reported as “Earnings per share - diluted”.
Business Highlights
- Royalties increased 8.1% year-to-date and 7.8% in Q2, driving modest overall revenue growth.
- Total franchised stores grew to 1,389 across five brands, led by additions at Plato’s Closet and Once Upon A Child.
- Franchise retention remained strong with a 100% renewal rate (50 of 50 agreements renewed), supporting recurring royalty visibility.
- Leasing income runoff completed; there was no leasing revenue in 2026, shifting the revenue mix toward royalties and franchise services.
- SG&A rose due to investments in technology and marketing, including POS modernization and higher compensation expense.
Original SEC Filing:
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