WINMARK CORP (WINA) Form 10-Q — Oct 14, 2026
Winmark reported Q3 2026 revenue of $27.9 million, up from $22.6 million a year ago, with diluted EPS of $3.21 versus $3.02. The jump was driven largely by $3.8 million of new Plato's Closet advertising fund contributions reported gross (with matching expense), plus royalty growth of 3.8% to $21.7 million and a new $295 monthly software fee per store. The franchising network grew to 1,398 stores (35 opened, 15 closed in nine months), and franchisees renewed 77 of 77 available agreements, a 100% renewal rate. Nine-month net income was roughly flat at $31.5 million, with SG&A up 7.8% on technology and marketing investments.
Key figures
- Eps
- 3.21
- Revenue
- 27890500
- Net Income
- 11818100
- Total Debt
- 60000000
- Revenue Yoy
- Q3 +23.2%; nine months $70.7M vs $65.0M (+8.8%)
- Cash Position
- 27964200
- Shares Outstanding
- 3559195
- Renewal rate
- 100% (77 of 77)
- Royalties q3
- 21707800
- Term loan cibc
- $30.0M at 4.60%-4.75% maturing 2029
- Stores closed 9m
- 15
- Stores opened 9m
- 35
- Franchised stores
- 1398
- Ad fund revenue q3
- 3825300
- Nine month revenue
- 70706200
- Dividends paid 9m usd
- 10751400
- Nine month net income
- 31467700
- Operating cash flow 9m
- 35548400
- Royalties q3 prior year
- 20911300
- Buyback shares remaining
- 37632
- Share repurchases 9m usd
- 9845600
- Prudential series c notes
- $30.0M at 3.18%
- Q3 eps diluted prior year
- 3.02
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