Every material Form 8-K Winmark has filed with the SEC since January 16, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Winmark reported third-quarter 2026 net income of $11,818,100, or $3.21 per diluted share, up from $3.02 a year earlier. The board also approved a $4.00 per share special dividend, about $14.2 million in total, payable December 1, 2026, to shareholders of record on November 11, 2026.
Q3 net income $11,818,100 ($3.21 diluted) vs. $11,136,500 ($3.02 diluted) in Q3 2025
Nine-month net income $31,467,700 ($8.51 diluted) vs. $31,694,200 ($8.61 diluted) a year earlier; 2025 included $2.2 million of leasing income from a litigation settlement
Special dividend of $4.00 per share (about $14.2 million) plus quarterly dividend of $1.02 per share, both payable December 1, 2026
North American Ad Funds: franchisees of Once Upon A Child and Play It Again Sports to contribute 2% of sales from January 31, 2027, raising total marketing spend to 6% from 5%
Winmark reported second-quarter net income of $10.4 million, or $2.81 per diluted share, for the quarter ended June 27, 2026, compared with $10.6 million, or $2.89 per diluted share, a year earlier. Total revenue rose to $22.0 million from $20.4 million, while selling, general and administrative expenses increased to $7.5 million from $6.6 million. The Board also approved a quarterly dividend of $1.02 per share, payable September 1, 2026.
Q2 total revenue was $21,966,000 versus $20,416,800 a year earlier; royalties were $20,117,000 versus $18,662,100.
Q2 diluted EPS was $2.81 versus $2.89; six-month diluted EPS was $5.31 versus $5.60.
Prior-year six-month results included $2.2 million of leasing income from the settlement of customer litigation.
Quarterly dividend of $1.02 per share: record date August 12, 2026; payment date September 1, 2026.
Effective May 5, 2026, Winmark's board increased its authorized seats from seven to eight and elected Stephanie S. Hoppe as a director. Director Lawrence A. Barbetta also notified the company that he will not stand for re-election at the annual meeting in April 2027, under the company's independent director term limits. The filing describes board composition changes and does not report any financial results.
Stephanie S. Hoppe elected to the board effective May 5, 2026, and received an option to purchase 3,400 shares of common stock under the 2020 Stock Option Plan
Lawrence A. Barbetta, a director since 2012 and current Audit Committee member, will serve until the annual meeting in April 2027
Board authorized seats increased from seven to eight; Hoppe also joins the Compensation and Nominating Committees per the press release
Winmark reported first-quarter 2026 net income of $9.3 million, or $2.50 per diluted share, down from $9.96 million, or $2.71 per diluted share, a year earlier. Total revenue fell to $20.8 million from $21.9 million, and the prior-year quarter included $2.2 million of leasing income from a customer litigation settlement. The Board also approved a quarterly dividend of $1.02 per share payable June 1, 2026.
Q1 2026 net income was $9,254,700, or $2.50 per diluted share, versus $9,956,400, or $2.71, in Q1 2025.
Total revenue was $20,849,700 versus $21,919,700; royalties rose to $19,262,800 from $17,774,700, while leasing income was zero versus $2,307,800.
Income from operations was $12,361,600 versus $13,596,600 a year earlier.
Quarterly dividend of $1.02 per share: record date May 13, 2026; payment date June 1, 2026.
Winmark Corporation reported results for the year ended December 27, 2025, with net income of $41.7 million, or $11.30 per diluted share, up from $40.0 million, or $10.89 per diluted share, in 2024. Revenue rose to $86.1 million from $81.3 million, and fourth-quarter net income was $9.96 million, or $2.69 per diluted share. The CEO said the company made significant investments in marketing, technology, and innovation during the year, which increased selling, general and administrative expenses.
Full-year 2025 revenue was $86.1 million, up from $81.3 million in 2024.
Full-year 2025 diluted EPS was $11.30, compared with $10.89 in 2024.
Fourth-quarter 2025 net income was $9.96 million, or $2.69 per diluted share, versus $9.58 million, or $2.60, a year earlier.
Selling, general and administrative expenses rose to $28.4 million from $24.9 million.
Winmark reported third-quarter 2025 revenue of $22.6 million, up from $21.5 million a year earlier, while net income was essentially unchanged at $11.1 million and diluted earnings per share fell to $3.02 from $3.03. The Board also approved a $10.00 per share special dividend, about $35.6 million in total, which the company said it expects to fund with cash on hand, along with a $0.96 quarterly dividend, both payable December 1, 2025.
Q3 revenue $22.6 million vs. $21.5 million; net income $11.1 million vs. $11.1 million
Q3 diluted EPS $3.02 vs. $3.03 a year earlier; nine-month diluted EPS $8.61 vs. $8.29
Special dividend of $10.00 per share, about $35.6 million total, funded from cash on hand
Quarterly dividend of $0.96 per share; both dividends payable December 1, 2025 to holders of record November 12, 2025
Winmark Corporation said director Jenele C. Grassle will not stand for re-election at its April 2026 annual meeting and will serve until then. Effective August 7, 2025, the board expanded from seven to eight members and elected Keith Credendino, who received an option to buy 3,000 shares of common stock under the company's 2020 Stock Option Plan.
Grassle notified the company on August 6, 2025, and remains on the board until the annual meeting on or about April 22, 2026.
Board size increased from seven to eight authorized directors effective August 7, 2025.
Keith Credendino was elected to the board and Audit Committee; he is Chief Information and Technology Officer at Macy's, Inc.
Credendino received an option to purchase 3,000 shares of common stock.
Winmark reported second-quarter net income of $10,601,200, or $2.89 per diluted share, for the quarter ended June 28, 2025, up from $10,431,400, or $2.85 per diluted share, a year earlier. The company also declared a quarterly cash dividend of $0.96 per share, payable September 2, 2025 to shareholders of record on August 13, 2025.
Q2 total revenue was $20,416,800, up from $20,120,500 in the same quarter of 2024.
Six-month net income was $20,557,600, or $5.60 per diluted share, versus $19,250,400, or $5.26, a year earlier.
Quarterly dividend of $0.96 per share is payable September 2, 2025; record date is August 13, 2025.
The company had 1,371 franchises in operation at June 28, 2025.
Winmark reported first-quarter 2025 net income of $9,956,400, or $2.71 per diluted share, up from $8,819,000, or $2.41 per diluted share, a year earlier. The quarter included $2.2 million of leasing income from the settlement of customer litigation. The Board also approved a quarterly dividend of $0.96 per share, an increase of $0.06, payable June 2, 2025.
Q1 2025 total revenue was $21,919,700, compared with $20,109,500 in Q1 2024.
Q1 2025 net income was $9,956,400, or $2.71 per diluted share, versus $8,819,000, or $2.41 per diluted share, in Q1 2024.
Q1 results included $2.2 million of leasing income from the settlement of outstanding customer litigation.
Quarterly dividend of $0.96 per share, up $0.06, is payable June 2, 2025 to shareholders of record on May 14, 2025.
Winmark reported fiscal 2024 results for the year ended December 28, 2024, with revenue of $81.3 million, down from $83.2 million in 2023. Net income was $40.0 million, or $10.89 per diluted share, compared with $40.2 million, or $11.04, a year earlier. The company said the decline reflects its May 2021 decision to run off its leasing portfolio, and shareholders see lower revenue and per-share profit in both the year and the fourth quarter.
Full-year revenue was $81,289,100 versus $83,243,500 in 2023.
Full-year net income was $39,954,200, or $10.89 per diluted share, versus $40,178,100, or $11.04 per diluted share.
Fourth-quarter net income was $9,583,100, or $2.60 per diluted share, versus $9,716,800, or $2.64 per diluted share in the prior-year quarter.
Leasing income fell to $1,811,800 for the year from $4,766,200, following the May 2021 decision to run off the leasing portfolio.
Winmark reported third-quarter 2024 net income of $11.1 million, or $3.03 per diluted share, compared with $11.1 million, or $3.05 per diluted share, a year earlier. Revenue fell to $21.5 million from $22.3 million, and the company's board approved a $7.50 per share special dividend, totaling about $26.4 million, alongside a $0.90 quarterly dividend.
Q3 revenue was $21.5 million, versus $22.3 million in the third quarter of 2023.
Nine-month diluted EPS was $8.29, compared with $8.40 a year earlier.
Special dividend of $7.50 per share, about $26.4 million in total, plus a $0.90 quarterly dividend, both payable December 2, 2024 to holders of record on November 13, 2024.
The company said results were affected by its May 2021 decision to run off its leasing portfolio.
Winmark reported second-quarter 2024 net income of $10.4 million, or $2.85 per diluted share, matching the $2.85 reported a year earlier, while total revenue fell to $20.1 million from $20.4 million. The company also declared a quarterly dividend of $0.90 per share, payable September 3, 2024, to shareholders of record on August 14, 2024.
Q2 net income $10,431,400 ($2.85 diluted) vs $10,368,800 ($2.85 diluted) a year earlier
Q2 total revenue $20,120,500 vs $20,362,200; royalties rose to $17,774,500 from $17,105,800
Six-month diluted EPS $5.26 vs $5.34; leasing income fell to $524,400 from $1,019,800 following the May 2021 decision to run off the leasing portfolio
Quarterly dividend of $0.90 per share payable September 3, 2024; record date August 14, 2024
Winmark reported first-quarter 2024 net income of $8.8 million, or $2.41 per diluted share, down from $8.9 million, or $2.49 per diluted share, a year earlier. Revenue fell to $20.1 million from $20.5 million, and the company said results were affected by its May 2021 decision to run off its leasing portfolio. The board also approved a quarterly dividend of $0.90 per share, an increase of $0.10, payable June 3, 2024 to holders of record on May 15, 2024.
Q1 2024 net income was $8.8 million, or $2.41 per diluted share, versus $8.9 million, or $2.49, in Q1 2023
Total revenue was $20.1 million versus $20.5 million a year earlier; leasing income fell to $836,800 from $1.6 million
Quarterly dividend raised to $0.90 per share, up $0.10 from the prior rate; payable June 3, 2024
Dividend record date is May 15, 2024; future dividends remain subject to board approval
Winmark reported results for the year ended December 30, 2023, with net income of $40,178,100 ($11.04 per diluted share), up from $39,424,900 ($10.97) in 2022, and revenue of $83,243,500, up from $81,410,800. Fourth-quarter net income fell to $9,716,800 ($2.64 per diluted share) from $10,176,600 ($2.86), and the company said growth was lower in the second half of the year, though the prior-year quarter included an extra week of operations.
Full-year 2023 net income of $40,178,100, or $11.04 per diluted share, versus $39,424,900, or $10.97, in 2022
Full-year 2023 revenue of $83,243,500, up from $81,410,800 in 2022
Fourth-quarter 2023 net income of $9,716,800, or $2.64 per diluted share, versus $10,176,600, or $2.86, a year earlier
Fourth-quarter and full-year 2022 included an extra week of operations; 2023 results were affected by the May 2021 decision to run off the leasing portfolio
Winmark director Mark L. Wilson notified the company on January 15, 2024 that he will not stand for re-election to the Board at the annual shareholder meeting on or about April 24, 2024, and he will remain a director until then. The change is a board succession matter; the filing reports no financial results or changes to guidance.
Mark L. Wilson, a director since 2000, will not stand for re-election at the annual meeting on or about April 24, 2024.
Wilson currently chairs the Compensation Committee and previously served on the Audit and Nominating Committees.
Chairman and CEO Brett D. Heffes praised Wilson's counsel and strategic advice; Wilson remains on the Board until the meeting.
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