WINMARK CORP

For the period ended Dec 30, 2023. Filed Feb 28, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Feb 28, 2024

WINA$275.38+3.8%Stored close · as of Nov 9, 2026

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Contents

Consolidated Statements of Operations

· · · · · · · · · ·
· · Fiscal Year Ended
· December 30, 2023 · December 31, 2022 · December 25, 2021
Revenue: · · · · · · · · · ·
Royalties	$70,230,700	$67,148,100	$60,779,300
Leasing income	4,766,200	6,937,700	11,148,300
Merchandise sales	4,761,100	3,921,600	3,100,100
Franchise fees	1,512,000	1,575,400	1,496,900
Other	1,973,500	1,828,000	1,691,600
Total revenue	83,243,500	81,410,800	78,216,200
Cost of merchandise sold	4,461,500	3,712,800	2,940,500
Leasing expense	398,300	984,700	1,850,300
Provision for credit losses	(5,600)	(57,900)	(206,600)
Selling, general and administrative expenses	25,108,700	23,158,400	22,295,800
Income from operations	53,280,600	53,612,800	51,336,200
Interest expense	(3,091,000)	(2,914,900)	(1,453,900)
Interest and other income (expense)	1,171,700	85,600	(15,000)
Income before income taxes	51,361,300	50,783,500	49,867,300
Provision for income taxes	(11,183,200)	(11,358,600)	(9,947,400)
Net income	$40,178,100	$39,424,900	$39,919,900
Earnings per share - basic	$11.55	$11.30	$10.87
Earnings per share - diluted	$11.04	$10.97	$10.48
Weighted average shares outstanding - basic	3,479,936	3,487,732	3,671,980
Weighted average shares outstanding - diluted	3,640,524	3,592,456	3,810,480

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.