Every material Form 8-K Winmark filed with the SEC in 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 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.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Winmark filing is on SEC EDGAR ↗. 8-K briefs of other companies →