WINMARK CORPORATION ANNOUNCES SECOND QUARTER RESULTS
WINMARK CORP (WINA) filed an SEC Form 8-K — Results of Operations and Financial Condition. EX-99.1 2 wina-20260715xex99d1.htm EX-99.1 2020 2nd Qtr Results (00022559).DOCX Exhibit 99.1 Contact: Anthony D. Ishaug 763/520-8500 FOR IMMEDIATE RELEASE WINMARK CORPORATION ANNOUNCES SECOND QUARTER RESULTS Minneapolis, MN (July 15, 2026) - Winmark Corporation (Nas
How this was made
The 30-second read
Why it matters
Traders can update earnings expectations using the disclosed quarterly and year-to-date revenue mix (royalties, franchise fees) and cost changes (notably SG&A), plus cash and leverage levels.
Market read
Fresh Q2 and six-month financial prints (net income and diluted EPS) plus balance-sheet cash and investment activity are actionable for near-term positioning.
What to watch
The filing highlights a new capitalized software spend ($2.21M) and higher SG&A ($15.38M vs $14.02M for six months), which may indicate investment-driven margin pressure rather than demand weakness.
Background
The 8-K includes Exhibit 99.1 with Winmark’s second-quarter results and condensed financial statements.
Ticker impact
Winmark reported Q2 net income of $10.39M, or $2.81 diluted EPS, down from $10.60M and $2.89 in 2025.
Likely modest negative to neutral reaction versus prior-year comps, absent guidance or new forward catalysts in the filing.
The 8-K discloses quarterly and six-month income statement datapoints and balance-sheet cash changes, but no new guidance or one-off items beyond prior-year leasing income.
Market effects
Provides a read-through on franchise-resale royalty economics and cost structure for resale franchisors.
No specific regional impact disclosed beyond company headquarters context.
Primarily US-focused franchisor economics; limited global read-through.
Counterpoint
Despite lower EPS, operating income was slightly higher year over year ($26.00M vs $26.66M six-months) and cash rose sharply, which could support valuation if investors focus on balance-sheet liquidity.
Key entities
- issuerWinmark Corporation
Nasdaq-listed franchisor reporting Q2 and six-month financial results in an SEC 8-K.
- executiveBrett D. Heffes
Chair and CEO quoted on investments ahead of the Plato’s Closet North American Ad Fund launch.



