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AI brief of an SEC Form 8-K · Winmark (WINA)

Winmark Q1 2024 net income falls to $8.8 million; quarterly dividend raised to $0.90

Negative Impact 3 of 5 earnings Written later

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.

Key points

  • 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

The filing

CompanyWinmark (WINA)
Form8-K, current report
Filed with the SECApr 17, 2024, 10:26 AM ET
Accession number0000908315-24-000018

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 6:59 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 17, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.