WINA · NASDAQ · Specialty Retail

Winmark (WINA)

Franchisor behind five resale chains built around buy-sell-trade retail.

$292.22
vs last close+6.03 (+2.11%)
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Winmark CorporationWINA
Consumer Discretionary

Operates as the franchisor behind five resale concepts, licensing stores that buy, sell, and trade apparel, children's goods, sporting goods, and musical instruments. Most economics come from recurring royalties and franchise fees, while all stores are franchisee-owned and the legacy leasing arm has been run off.

Runs a franchise system built around Plato's Closet, Once Upon A Child, Play It Again Sports, Style Encore, and Music Go Round, which resell apparel, children's goods, sporting goods, and musical instruments through local stores. The footprint is North American and spread across hundreds of franchisee-owned locations, with no company-owned stores in the current count.

Revenue is tied mainly to royalty and franchise-fee streams, so execution depends on franchisee sales, store openings, brand licensing, and resale demand. E-commerce tools extend selected in-store inventory online for participating franchisees.

A former equipment-leasing operation has been put into runoff and no longer has leasing customers or leased assets. The business is shaped by local retail competition from new-merchandise stores, resale shops, thrift stores, and online marketplaces.

Company facts

CEOBrett D. Heffes
ListedAug 25, 1993
ExchangeNASDAQ
HeadquartersMinneapolis, MN
CountryUnited States
Employees87
CIK0000908315
ISINUS9742501029

Market cap$1.03B
EPS (ttm)$11.02
P/E (ttm)25.97
ROE
P/B
P/S11.88
Dividend yieldDiv yield1.38%
Beta0.70vs XLY 0.71

No analyst consensus on record.

Next report
Oct 21, 26
estimated · in 29 days
EPS estimate
$3.23
Revenue estimate
$24.0M
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Feb '25Apr '25Jul '25Oct '25Feb '26Apr '26Jul '26Oct '26
Reported$2.60$2.71$2.89$3.02$2.69$2.50$2.81Pending
Estimate$2.65$2.74$2.88$3.22$2.78$2.70$3.14$3.23
Surprise−1.9%−1.1%+0.3%−6.2%−3.2%−7.4%−10.5%

RevenueReportedEstimate

Feb '25Apr '25Jul '25Oct '25Feb '26Apr '26Jul '26Oct '26
Reported$19.5M$21.9M$20.4M$22.6M$21.1M$20.8M$22.0MPending
Estimate$20.9M$20.9M$20.3M$20.3M$20.3M$21.1M$21.7M$24.0M
Surprise−6.5%+4.8%+0.5%+11.3%+3.9%−1.1%+1.4%
Estimate$3.23
ReportedDue Oct 21, 2026
Estimate$24.0M
ReportedDue Oct 21, 2026
View details

Current ratio375.00%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$21.5M$19.5M$21.9M$20.4M$22.6M$21.1M$20.8M$22.0M
Net income$11.1M$9.6M$10.0M$10.6M$11.1M$10.0M$9.3M$10.4M
Net margin51.7%49.0%45.4%51.9%49.2%47.2%44.4%47.2%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income$14.9M$12.8M$13.6M$13.1M$14.9M$13.0M$12.4M$13.6M
YoY growth−1.3%+2.0%+11.3%+0.3%−0.0%+1.9%−9.1%+4.4%

Balance sheet, Jun 27, 2026Cash & short-term investments $25.8M · Total debt $62.0M · Total assets $43.2M · Shareholders' equity −$37.6M

Revenue
$22.0M
Operating income
$13.6M
Net income
$10.4M
View details

Dividend yield
1.38%
Next ex-date
Nov 12, 26
estimated · in 51 days
Annual dividend
$3.96
per share
Schedule
Quarterly
4 payments a year

HistoryDividendAnnual yield

May '24Aug '24Feb '25May '25Aug '25Feb '26May '26Aug '26
Dividend$0.90$0.90$0.90$0.96$0.96$0.96$1.02$1.02
Annual yield0.88%0.93%0.48%0.88%0.90%0.44%1.11%1.15%
Ex-dateMay 14Aug 14Feb 12May 14Aug 13Feb 11May 13Aug 12
Payment dateJun 3Sep 3Mar 3Jun 2Sep 2Mar 2Jun 1Sep 1
View details

Institutions90.20%3.24M shares
218 holders · as of Jun 30, 2026
Insiders11.90%427.5K shares
9 holders · as of Jul 1, 2026
Adds to102.10%

3.59M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

These groups come from separate filings that can overlap, so they add to 102.10%; nothing is left for Other.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
BlackRock, Inc.Institution
13.63%489,771as of Jun 30, 2026
T. Rowe Price Investment Management, Inc.Institution
9.71%348,638filed Aug 10, 2022
Neuberger Berman Group LLCInstitution
7.98%286,587as of Jun 30, 2026
Renaissance Technologies LLCInstitution
5.69%204,412as of Jun 30, 2026
First Trust Portfolios L.P.Institution
5.29%190,157filed Jul 27, 2026

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Mar 4, 2026Jenele C. Grassledirector−3,900$475.80
Mar 3, 2026Percy C. Jr Tomlinsondirector−1,660$460.52
Nov 21, 2025Jenele C. Grassledirector−2,400$420.87
Oct 24, 2025Renae M. Gaudetteofficer: CHIEF OPERATING OFFICER−1,200$417.11
View details

  • Walmart

    Broad value retailer overlapping apparel, kids goods, and sports gear

  • Target

    General merchandiser competing across apparel, kids, and sports aisles

  • Gap

    Specialty apparel house overlapping teen, value, and kids clothing

  • Carter's

    Children's apparel specialist facing Once Upon A Child shoppers

  • American Eagle Outfitters

    Teen and young-adult apparel rival for Plato's Closet traffic

  • DICK'S Sporting Goods

    Sports retail leader overlapping Play It Again Sports categories

  • Abercrombie & Fitch

    Hollister-led apparel peer for teen and young-adult resale

  • Academy Sports + Outdoors

    Sporting-goods and outdoor retailer facing used-gear resale

Compare

CompanyPriceChange
Winmark$292.22+2.11%$1.03B26.011.9+7.6%
Walmart$109.66+2.06%$855.02B38.836.61.2+5.9%
Target$159.08+0.87%$71.63B16.417.20.7+5.3%
Gap$21.53+1.29%$7.65B6.38.50.5−2.0%
Carter's$30.79+0.33%$1.13B5.68.90.4+5.2%
American Eagle Outfitters$15.92+2.98%$2.59B7.98.90.5+7.5%
DICK'S Sporting Goods$133.56+8.03%$10.56B13.311.10.5+53.2%
Abercrombie & Fitch$136.59−0.12%$6.08B11.711.01.1+4.8%
Academy Sports + Outdoors$50.06+3.24%$3.01B8.17.40.5+3.0%
Median9.910.00.5+5.2%