Financial Performance - Winmark Corporation reported net income of $9,956,400 or $2.71 per diluted share for Q1 2025, an increase from $8,819,000 or $2.41 per diluted share in Q1 2024, representing a 12.9% increase in net income year-over-year [2]. - Total revenue for Q1 2025 was $21,919,700, up 9.0% from $20,109,500 in Q1 2024, driven by a 3.0% increase in royalties and a significant rise in leasing income from $836,800 to $2,307,800 [11]. - The company generated $15,078,400 in net cash from operating activities for Q1 2025, compared to $13,364,000 in Q1 2024, reflecting stronger operational cash flow [13]. Asset and Liability Management - Cash and cash equivalents increased to $21,828,800 as of March 29, 2025, compared to $12,189,800 at the end of 2024, reflecting a strong liquidity position [7]. - Total current assets rose to $25,775,000 from $15,365,600 at the end of 2024, indicating improved asset management and operational efficiency [7]. - The company’s total liabilities increased to $83,003,800 as of March 29, 2025, compared to $77,890,600 at the end of 2024, primarily due to an increase in current liabilities [9]. - Winmark Corporation's shareholders' equity deficit improved to $(45,941,300) from $(51,046,100) at the end of 2024, showing a positive trend in equity management [9]. Business Expansion and Strategy - The company had 1,363 franchises in operation as of March 29, 2025, with 79 additional franchises awarded but not yet opened, indicating ongoing market expansion [4]. - Winmark Corporation plans to continue focusing on sustainability and small business formation through its franchise model, which is expected to drive future growth [4]. - The company has completed the run-off of its leasing portfolio, which was announced in May 2021, indicating a strategic shift in its business operations [3].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark one) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 28, 2024, or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 000-22012 WINMARK CORPORATION (exact name of registrant as specified in its charter) Minnesota 41-1622691 (State or Other Jurisdiction ...

Winmark reported Q4 2024 earnings below estimates, reflecting challenges and strategic shifts in its business model.Winmark (WINA -2.50%), known for its franchise retail models, released its fourth-quarter earnings on Feb. 19, 2025. The company's focus on sustainable growth was evident, though it did not meet the financial expectations set by analysts. For Q4 2024, Winmark reported a diluted Earnings Per Share (EPS) of $2.60, which fell short of the anticipated $2.65 and slightly down from $2.64 in the same ...

Financial Performance - Net income for the year ended December 28, 2024, was $39,954,200, or $10.89 per diluted share, compared to $40,178,100, or $11.04 per diluted share in 2023, representing a decrease of 0.6%[1] - Total revenue for the year ended December 28, 2024, was $81,289,100, down from $83,243,500 in 2023, reflecting a decline of approximately 2.4%[1] - The fourth quarter 2024 net income was $9,583,100, or $2.60 per diluted share, compared to $9,716,800, or $2.64 per diluted share for the same period last year, indicating a decrease of 1.4%[1] - Net cash provided by operating activities for the year was $42,157,900, compared to $43,994,300 in 2023, a decrease of about 4.2%[9] - The company paid dividends totaling $38,865,900 during the year, down from $43,664,200 in the previous year, reflecting a decrease of approximately 11%[9] Franchise Operations - As of December 28, 2024, there were 1,350 franchises in operation and over 2,800 available territories, with an additional 79 franchises awarded but not yet opened[2] Royalties - Royalties for the fiscal year ended December 28, 2024, amounted to $72,198,500, an increase from $70,230,700 in 2023, representing a growth of approximately 2.8%[7] Cash and Liabilities - The company reported a decrease in cash and cash equivalents to $12,189,800 as of December 28, 2024, down from $13,361,500 in 2023, a decline of about 8.8%[5] - Total current liabilities decreased significantly to $5,087,900 as of December 28, 2024, from $10,461,600 in 2023, a reduction of approximately 51.3%[5] Shareholders' Equity - The company’s total shareholders' equity (deficit) improved to $(51,046,100) as of December 28, 2024, compared to $(59,156,100) in 2023, indicating a positive change of approximately 13.5%[5]

MINNEAPOLIS, Jan. 14, 2025 (GLOBE NEWSWIRE) -- Winmark Corporation, a leader in the circular economy for over 35 years and franchisor of five resale brands Play It Again Sports®, Once Upon A Child®, Plato's Closet®, Music Go Round® and Style Encore®, announced today the launch of a new campaign, "Part of Their Journey," which celebrates individuals across all walks of life whose journeys have been shaped by Winmark and its brands. This campaign features inspiring individuals, sharing how Winmark, its brands ...

MINNEAPOLIS, Jan. 14, 2025 (GLOBE NEWSWIRE) -- Winmark Corporation, a leader in the circular economy for over 35 years and franchisor of five resale brands Play It Again Sports®, Once Upon A Child®, Plato’s Closet®, Music Go Round® and Style Encore®, announced today the launch of a new campaign, "Part of Their Journey," which celebrates individuals across all walks of life whose journeys have been shaped by Winmark and its brands. This campaign features inspiring individuals, sharing how Winmark, its brands ...

Company Overview - Winmark Corporation is a leader in the circular economy with over 35 years of experience and operates five resale brands: Play It Again Sports, Once Upon A Child, Plato’s Closet, Music Go Round, and Style Encore [1][4] - As of September 28, 2024, Winmark has 1,343 franchises in operation and over 2,800 available territories, with an additional 82 franchises awarded but not yet opened [4] Partnership with Tom Hoge - Winmark announced a four-year partnership extension with PGA Tour member Tom Hoge, who will continue as the brand ambassador and wear Winmark and Play It Again Sports logos during PGA TOUR events [1] - Tom Hoge has been part of the Winmark team since 2022 and is recognized for his professionalism and commitment to sustainability and community engagement, aligning with Winmark's core values [2][3] Strategic Alignment - The partnership emphasizes Winmark's commitment to leveraging sports to promote sustainability and community values, as stated by CEO Brett Heffes [3] - Tom Hoge expressed his honor in extending the relationship, highlighting Winmark's dedication to sustainability and community opportunities [3]

Exhibit 99.1 Contact: Anthony D. Ishaug 763/520-8500 FOR IMMEDIATE RELEASE WINMARK CORPORATION ANNOUNCES THIRD QUARTER RESULTS Minneapolis, MN (October 16, 2024) - Winmark Corporation (Nasdaq: WINA) announced today net income for the quarter ended September 28, 2024 of $11,120,700 or $3.03 per share diluted compared to net income of $11,149,800 or $3.05 per share diluted in 2023. For the nine months ended September 28, 2024, net income was $30,371,200 or $8.29 per share diluted compared to net income of $30 ...

Contact: Anthony D. Ishaug 763/520-8500 "Year-to-date growth in royalties resulted from higher overall store count and, to a lesser extent, increases in per unit performance," commented Brett D. Heffes, Chair and Chief Executive Officer. WINMARK CORPORATION CONDENSED BALANCE SHEETS | --- | --- | --- | --- | --- | --- | |----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----- ...

Financial Performance - Net income for the quarter ended March 30, 2024, was $8,819,000, or $2.41 per diluted share, compared to $8,942,700, or $2.49 per diluted share in 2023, reflecting a decrease of approximately 1.4% in net income [8]. - Total revenue for the quarter was $20,109,500, a slight decrease from $20,523,600 in the same quarter of the previous year, representing a decline of about 2.0% [4]. - Operating income for the quarter was $12,218,200, slightly down from $12,388,400 in the prior year, reflecting a decrease of about 1.4% [4]. - The company reported a net cash provided by operating activities of $13,364,000, compared to $13,850,500 in the same quarter last year, a decrease of approximately 3.5% [6]. Assets and Liabilities - Cash and cash equivalents increased to $22,872,200 from $13,361,500 at the end of the previous quarter, marking a significant increase of approximately 71.4% [3]. - Total current assets rose to $26,281,400, up from $16,746,500, indicating an increase of about 57.1% [3]. - The total liabilities increased to $76,540,600 from $77,662,200, indicating a decrease of about 1.4% [3]. - The company’s retained earnings improved to a deficit of $(60,903,800) from $(66,924,900), reflecting a positive change of approximately 9.0% [3]. Business Expansion - The company had 1,327 franchises in operation as of March 30, 2024, with over 2,800 available territories, showing continued expansion potential [8]. - The company continues to focus on sustainability and small business formation through its franchise model, which includes brands like Plato's Closet and Once Upon A Child [8].