Every material Form 8-K Winmark filed with the SEC in 2025, 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 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.
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 →