Price Target Changed • May 21
Price target increased by 22% to US$545 Up from US$445, the current price target is provided by 1 analyst. New target price is 52% above last closing price of US$360. Stock is down 13% over the past year. The company is forecast to post earnings per share of US$11.88 for next year compared to US$11.73 last year. Aankondiging • May 08
Winmark Corporation Announces Board and Committee Changes Winmark Corporation announced that Lawrence A. Barbetta has informed the company of his decision not to stand for re-election to the Winmark Board of Directors at its next Annual Meeting of Shareholders in April 2027, in accordance with the Company’s independent director term limits. Mr. Barbetta was elected to Winmark’s Board of Directors in 2012 and currently serves as a member of the Audit Committee. Additionally, the Company announced that it has appointed Stephanie S. Hoppe to its Board of Directors and to the Compensation and Nominating Committees. Ms. Hoppe brings more than 20 years of senior marketing and brand leadership experience across consumer, franchise, and multi-unit retail businesses, with deep expertise in omnichannel strategy, digital marketing, brand positioning, and consumer insights. She currently serves as Vice President of Omnichannel Marketing at Casey’s General Stores Inc. Prior to joining Casey’s, Ms. Hoppe held senior marketing roles with major multi-unit retailers and franchisors, including Cicis Pizza and 7-Eleven. Aankondiging • Apr 16
Winmark Corporation Declares Quarterly Cash Dividend, Payable on June 1, 2026 Winmark Corporation announced that its Board of Directors has approved the payment of a quarterly cash dividend to shareholders. The quarterly dividend of $1.02 per share will be paid on June 1, 2026 to shareholders of record on the close of business on May 13, 2026. Future dividends will be subject to Board approval. Aankondiging • Mar 05
Winmark Corporation, Annual General Meeting, Apr 22, 2026 Winmark Corporation, Annual General Meeting, Apr 22, 2026. Location: 605 highway 169 n suite 100, minneapolis, minnesota, 55441, minneapolis United States Aankondiging • Jan 28
Winmark Corporation Announces Quarterly Cash Dividend, Payable on March 2, 2026 Winmark Corporation announced that its Board of Directors has approved the payment of a quarterly cash dividend to shareholders. The quarterly dividend of $0.96 per share will be paid March 2, 2026 to shareholders of record on the close of business on February 11, 2026. Future dividends will be subject to Board approval. Aankondiging • Sep 23
Lisa Hake to Join as Chief Marketing Officer of Winmark Corporation, Effective October 1, 2025 Winmark Corporation announced that Lisa Hake will be joining the company as its Chief Marketing Officer, effective October 1, 2025. Ms. Hake brings more than 25 years of experience including brand management, marketing innovation, franchisee ad fund management, partnership activations, and consumer engagement to this newly created role. She most recently served as Vice President of Marketing & Communications at Great Clips, North America’s larger franchised salon brand with over 4,400 locations, where she led transformative brand initiatives and drove significant growth. Prior to joining Great Clips, Hake held senior roles at Best Buy, including Senior Marketing Director for Geek Squad, along with marketing roles at 3M and The Pillsbury Company. Aankondiging • Aug 08
Winmark Corporation Announces Board and Committee Changes Winmark Corporation announced that Jenele C. Grassle has informed the company of her decision not to stand for re-election to the Winmark Board of Directors at its next Annual Meeting of Shareholders in April 2026. Ms. Grassle was elected to Winmark’s Board of Directors in 2001 and currently serves as a member of both the Compensation and Nominating Committees. Additionally, the Company announced that it has named Keith Credendino to its Board of Directors and Audit Committee. Mr. Credendino has over 25 years of successful executive and technology leadership experience. Currently, Mr. Credendino is Chief Information and Technology Officer at Macy’s Inc., a trusted source for quality brands through their iconic nameplates – Macy’s, Bloomingdale’s and Bluemercury. Prior to joining Macy’s, Mr. Credendino was Senior Vice President of Digital Technology & Enterprise Data at Inspire Brands, a multi-brand global restaurant company, and previously served as a technology executive at several enterprise organizations, including The Home Depot, InterContinental Hotels Group (IHG), and Cox Enterprises. Aankondiging • Jul 15
Winmark Corporation Approves Quarterly Cash Dividend, Payable on September 2, 2025 Winmark Corporation announced that its Board of Directors has approved the payment of a quarterly cash dividend to shareholders. The quarterly dividend of $0.96 per share will be paid September 2, 2025 to shareholders of record on the close of business on August 13, 2025. Future dividends will be subject to Board approval. Aankondiging • Mar 07
Winmark Corporation, Annual General Meeting, Apr 23, 2025 Winmark Corporation, Annual General Meeting, Apr 23, 2025. Location: at our corporate offices, 605 highway 169 n, suite 100, minnesota 55441, minneapolis, United States Aankondiging • Jan 29
Winmark Corporation Announces Quarterly Cash Dividend, Payable on March 3, 2025 Winmark Corporation announced that its Board of Directors has approved the payment of a quarterly cash dividend to shareholders. The quarterly dividend of $0.90 per share will be paid March 3, 2025 to shareholders of record on the close of business on February 12, 2025. Future dividends will be subject to Board approval. Aankondiging • Jul 17
Winmark Corporation Announces Quarterly Cash Dividend, Payable on September 3, 2024 Winmark Corporation announced that its Board of Directors has approved the payment of a quarterly cash dividend to shareholders. The quarterly dividend of $0.90 per share will be paid on September 3, 2024 to shareholders of record on the close of business on August 14, 2024. Future dividends will be subject to Board approval. Upcoming Dividend • May 07
Upcoming dividend of US$0.90 per share Eligible shareholders must have bought the stock before 14 May 2024. Payment date: 03 June 2024. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 3.6%. Lower than top quartile of American dividend payers (4.7%). Higher than average of industry peers (1.9%). Recent Insider Transactions Derivative • Apr 22
Chairman & CEO notifies of intention to sell stock Brett Heffes intends to sell 8k shares in the next 90 days after lodging an Intent To Sell Form on the 18th of April. If the sale is conducted around the recent share price of US$369, it would amount to US$3.1m. For the year to December 2017, Brett's total compensation was 40% salary and 60% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since June 2023, Brett's direct individual holding has increased from 110.00k shares to 110.29k. Company insiders have collectively sold US$5.2m more than they bought, via options and on-market transactions in the last 12 months. Declared Dividend • Apr 20
First quarter dividend of US$0.90 announced Shareholders will receive a dividend of US$0.90. Ex-date: 14th May 2024 Payment date: 3rd June 2024 Dividend yield will be 3.3%, which is higher than the industry average of 1.9%. Sustainability & Growth Dividend is covered by earnings (28% earnings payout ratio) but not covered by cash flows (106% cash payout ratio). The dividend has increased by an average of 52% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 7.9% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 19
First quarter 2024 earnings released: EPS: US$2.52 (vs US$2.58 in 1Q 2023) First quarter 2024 results: EPS: US$2.52 (down from US$2.58 in 1Q 2023). Revenue: US$20.1m (down 2.0% from 1Q 2023). Net income: US$8.82m (down 1.4% from 1Q 2023). Profit margin: 44% (in line with 1Q 2023). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Apr 17
Winmark Corporation Announces Increase in Regular Quarterly Cash Dividend, Payable on June 3, 2024 Winmark Corporation announced that its Board of Directors has approved an increase in its regular quarterly cash dividend to shareholders. The quarterly dividend of $0.90 per share represents an increase of $0.10 from its previous dividend rate. The cash dividend will be paid June 3, 2024 to shareholders of record on the close of business on May 15, 2024. Aankondiging • Mar 07
Winmark Corporation, Annual General Meeting, Apr 24, 2024 Winmark Corporation, Annual General Meeting, Apr 24, 2024, at 15:00 Central Daylight. Location: corporate offices, 605 Highway 169 N, Suite 100, Minneapolis, Minnesota 55441 Minnesota United States Agenda: To set the number of members of the Board of Directors at seven; to elect seven directors to serve for a term of one year; to approve an amendment to the 2020 Stock Option Plan to increase the shares available by 100,000 shares; to consider an advisory vote to approve executive compensation; to ratify the appointment of Grant Thornton LLP as our independent registered public accounting firm for the 2024 fiscal year; and to discuss other matters. Reported Earnings • Feb 23
Full year 2023 earnings released: EPS: US$11.55 (vs US$11.30 in FY 2022) Full year 2023 results: EPS: US$11.55 (up from US$11.30 in FY 2022). Revenue: US$83.2m (up 2.3% from FY 2022). Net income: US$40.2m (up 1.9% from FY 2022). Profit margin: 48% (in line with FY 2022). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Feb 06
Upcoming dividend of US$0.80 per share at 3.4% yield Eligible shareholders must have bought the stock before 13 February 2024. Payment date: 01 March 2024. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of American dividend payers (4.7%). Higher than average of industry peers (1.9%). Declared Dividend • Feb 03
Third quarter dividend of US$0.80 announced Shareholders will receive a dividend of US$0.80. Ex-date: 13th February 2024 Payment date: 1st March 2024 Dividend yield will be 3.4%, which is higher than the industry average of 1.9%. Sustainability & Growth Dividend is covered by earnings (26% earnings payout ratio) but not adequately covered by cash flows (99% cash payout ratio). The dividend has increased by an average of 51% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 8.3% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Aankondiging • Jan 31
Winmark Corporation Announces Quarterly Cash Dividend, Payable on March 1, 2024 Winmark Corporation announced that its Board of Directors has approved the payment of a quarterly cash dividend to shareholders. The quarterly dividend of $0.80 per share will be paid March 1, 2024 to shareholders of record on the close of business on February 14, 2024. Aankondiging • Jan 17
Mark L. Wilson Announces Not to Stand for Re-Election to the Board of Winmark Corporation Winmark Corporation announced that Mark L. Wilson has informed the company of his decision not to stand for re-election to the Winmark Board of Directors at its next Annual Meeting of Shareholders in April 2024. Mr. Wilson was elected to Winmark’s Board of Directors in 2000, currently serves as Chairman of the Compensation Committee and had previously served as a member of both theAudit and Nominating Committees. Recent Insider Transactions • Nov 23
Independent Director recently sold US$437k worth of stock On the 22nd of November, Mark Wilson sold around 1k shares on-market at roughly US$437 per share. This transaction amounted to 5.8% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$641k. Insiders have been net sellers, collectively disposing of US$9.2m more than they bought in the last 12 months. Upcoming Dividend • Nov 07
Upcoming dividend of US$10.20 per share at 2.9% yield Eligible shareholders must have bought the stock before 14 November 2023. Payment date: 01 December 2023. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of American dividend payers (5.1%). Higher than average of industry peers (2.1%). Recent Insider Transactions • Oct 25
Executive VP recently sold US$641k worth of stock On the 23rd of October, Anthony Ishaug sold around 2k shares on-market at roughly US$413 per share. This transaction amounted to 2.9% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Anthony's only on-market trade for the last 12 months. Recent Insider Transactions Derivative • Oct 20
Executive VP & Chief Operating Officer exercised options and sold US$223k worth of stock On the 19th of October, Renae Gaudette exercised 1.17k options at around US$66.29, then sold 665 of the shares acquired at an average of US$401 per share and kept the remainder. Since December 2022, Renae's direct individual holding has increased from 11.98k shares to 13.06k. Company insiders have collectively sold US$11m more than they bought, via options and on-market transactions in the last 12 months. Reported Earnings • Oct 19
Third quarter 2023 earnings released: EPS: US$3.20 (vs US$3.02 in 3Q 2022) Third quarter 2023 results: EPS: US$3.20 (up from US$3.02 in 3Q 2022). Revenue: US$22.3m (up 5.4% from 3Q 2022). Net income: US$11.1m (up 7.5% from 3Q 2022). Profit margin: 50% (up from 49% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Aug 08
Upcoming dividend of US$0.80 per share at 0.9% yield Eligible shareholders must have bought the stock before 15 August 2023. Payment date: 01 September 2023. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 0.9%. Lower than top quartile of American dividend payers (4.7%). Lower than average of industry peers (2.1%). Aankondiging • Jul 22
Winmark Corporation Announces Quarterly Cash Dividend, Payable on September 1, 2023 Winmark Corporation announced that its Board of Directors has approved the payment of a quarterly cash dividend to shareholders. The quarterly dividend of $0.80 per share will be paid on September 1, 2023 to shareholders of record on the close of business on August 16, 2023. Future dividends will be subject to Board approval. Reported Earnings • Jul 20
Second quarter 2023 earnings released: EPS: US$2.98 (vs US$2.61 in 2Q 2022) Second quarter 2023 results: EPS: US$2.98 (up from US$2.61 in 2Q 2022). Revenue: US$20.4m (up 6.8% from 2Q 2022). Net income: US$10.4m (up 15% from 2Q 2022). Profit margin: 51% (up from 47% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions • Jun 12
Independent Director recently sold US$1.1m worth of stock On the 7th of June, Mark Wilson sold around 3k shares on-market at roughly US$360 per share. This transaction amounted to 14% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$3.1m. Insiders have been net sellers, collectively disposing of US$9.4m more than they bought in the last 12 months. Recent Insider Transactions Derivative • Jun 11
Independent Director notifies of intention to sell stock Mark Wilson intends to sell 3k shares in the next 90 days after lodging an Intent To Sell Form on the 7th of June. If the sale is conducted around the recent share price of US$360, it would amount to US$1.1m. Since December 2022, Mark has owned 21.02k shares directly. Company insiders have collectively sold US$11m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions • May 10
Independent Director recently sold US$942k worth of stock On the 8th of May, Jenele Grassle sold around 3k shares on-market at roughly US$314 per share. This transaction amounted to 55% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$3.1m. Insiders have been net sellers, collectively disposing of US$8.4m more than they bought in the last 12 months. Upcoming Dividend • May 09
Upcoming dividend of US$0.80 per share at 1.9% yield Eligible shareholders must have bought the stock before 16 May 2023. Payment date: 01 June 2023. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of American dividend payers (5.1%). Lower than average of industry peers (2.3%). Recent Insider Transactions Derivative • Apr 23
Independent Director exercised options and sold US$432k worth of stock On the 21st of April, Mark Wilson exercised 2k options at a strike price of around US$134 and sold these shares for an average price of US$308 per share. This trade did not impact their existing holding. Since June 2022, Mark has owned 21.02k shares directly. Company insiders have collectively sold US$8.0m more than they bought, via options and on-market transactions in the last 12 months. Reported Earnings • Apr 21
First quarter 2023 earnings released: EPS: US$2.58 (vs US$2.74 in 1Q 2022) First quarter 2023 results: EPS: US$2.58 (down from US$2.74 in 1Q 2022). Revenue: US$20.5m (up 2.4% from 1Q 2022). Net income: US$8.94m (down 9.2% from 1Q 2022). Profit margin: 44% (down from 49% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions • Mar 22
Independent Director recently sold US$427k worth of stock On the 16th of March, Paul Reyelts sold around 1k shares on-market at roughly US$295 per share. This transaction amounted to 27% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth US$510k. Insiders have been net sellers, collectively disposing of US$2.2m more than they bought in the last 12 months. Recent Insider Transactions • Mar 17
Independent Director recently sold US$510k worth of stock On the 9th of March, Paul Reyelts sold around 2k shares on-market at roughly US$295 per share. This transaction amounted to 20% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$1.8m more than they bought in the last 12 months. Reported Earnings • Mar 02
Full year 2022 earnings released: EPS: US$11.30 (vs US$10.87 in FY 2021) Full year 2022 results: EPS: US$11.30. Revenue: US$81.4m (up 4.1% from FY 2021). Net income: US$39.4m (down 1.2% from FY 2021). Profit margin: 48% (down from 51% in FY 2021). The decrease in margin was driven by higher expenses. Upcoming Dividend • Jan 31
Upcoming dividend of US$0.70 per share at 2.2% yield Eligible shareholders must have bought the stock before 07 February 2023. Payment date: 01 March 2023. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of American dividend payers (4.3%). In line with average of industry peers (2.0%). Aankondiging • Jan 26
Winmark Corporation Announces Quarterly Cash Dividend, Payable on March 1, 2023 Winmark Corporation announced that its Board of Directors has approved the payment of a quarterly cash dividend to shareholders. The quarterly dividend of $0.70 per share will be paid March 1, 2023 to shareholders of record on the close of business on February 8, 2023. Future dividends will be subject to Board approval. Aankondiging • Nov 17
Winmark Corporation Appoints Amy C. Becker to its Board of Directors Winmark Corporation announced that it has named Amy C. Becker to its Board of Directors. Currently, Ms. Becker is Chief Legal Officer and Corporate Secretary at Donaldson Company Inc. Recent Insider Transactions Derivative • Nov 05
Chairman & CEO exercised options and sold US$1.3m worth of stock On the 1st of November, Brett Heffes exercised 10.40k options at around US$90.99, then sold 8k of the shares acquired at an average of US$250 per share and kept the remainder. For the year to December 2015, Brett's total compensation was 33% salary and 67% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since December 2021, Brett has owned 107.60k shares directly. Company insiders have collectively sold US$3.2m more than they bought, via options and on-market transactions in the last 12 months. Upcoming Dividend • Nov 01
Upcoming dividend of US$3.70 per share Eligible shareholders must have bought the stock before 08 November 2022. Payment date: 01 December 2022. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of American dividend payers (4.4%). In line with average of industry peers (2.3%). Recent Insider Transactions • Oct 21
Executive VP recently sold US$811k worth of stock On the 19th of October, Anthony Ishaug sold around 3k shares on-market at roughly US$232 per share. This transaction amounted to 7.2% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Anthony's only on-market trade for the last 12 months. Buying Opportunity • Oct 19
Now 20% undervalued Over the last 90 days, the stock is up 9.0%. The fair value is estimated to be US$289, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.7% over the last 3 years. Earnings per share has grown by 14%. Reported Earnings • Oct 13
Third quarter 2022 earnings released: EPS: US$3.02 (vs US$2.77 in 3Q 2021) Third quarter 2022 results: EPS: US$3.02 (up from US$2.77 in 3Q 2021). Revenue: US$21.2m (up 5.0% from 3Q 2021). Net income: US$10.4m (up 2.8% from 3Q 2021). Profit margin: 49% (down from 50% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Sep 21
Now 21% undervalued Over the last 90 days, the stock is up 9.6%. The fair value is estimated to be US$273, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.4% over the last 3 years. Earnings per share has grown by 13%. Recent Insider Transactions Derivative • Aug 31
Executive VP exercised options to buy US$168k worth of stock. On the 30th of August, Anthony Ishaug exercised options to buy 816 shares at a strike price of around US$123, costing a total of US$100k. This transaction amounted to 2.1% of their direct individual holding at the time of the trade. Since December 2021, Anthony has owned 39.41k shares directly. Company insiders have collectively sold US$3.8m more than they bought, via options and on-market transactions in the last 12 months. Buying Opportunity • Aug 29
Now 21% undervalued Over the last 90 days, the stock is up 6.2%. The fair value is estimated to be US$266, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.4% over the last 3 years. Earnings per share has grown by 13%. Recent Insider Transactions • Aug 20
Independent Director recently sold US$470k worth of stock On the 18th of August, Jenele Grassle sold around 2k shares on-market at roughly US$235 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$6.1m more than they bought in the last 12 months. Recent Insider Transactions Derivative • Aug 12
Independent Director exercised options to buy US$467k worth of stock. On the 11th of August, Jenele Grassle exercised options to buy 2k shares at a strike price of around US$57.75, costing a total of US$115k. This transaction amounted to 80% of their direct individual holding at the time of the trade. Since December 2021, Jenele has owned 2.50k shares directly. Company insiders have collectively sold US$3.4m more than they bought, via options and on-market transactions in the last 12 months. Aankondiging • Aug 06
Winmark Corporation, Annual General Meeting, Apr 26, 2023 Winmark Corporation, Annual General Meeting, Apr 26, 2023. Aankondiging • Aug 04
Winmark Corporation Announces Management Changes Winmark Corporation announced that Paul C. Reyelts has informed the company of his decision not to stand for re-election to the Winmark Board of Directors at its next Annual Meeting of Shareholders in April 2023. Mr. Reyelts was elected to Winmark's Board of Directors in 2000, has served as its independent Lead Director since 2003,currently serves as Chairman of the Audit Committee and had previously served as a member of both the Compensation and Nominating Committees. The Company announced that the Board of Directors has named director Percy C. (Tom) Tomlinson as its independent Lead Director, effective immediately. Mr. Tomlinson currently serves as a member of the Audit Committee, and has over 30 years of executive, financial management and governance experience, having served as both the Chief Executive Officer and Chief Financial Officer for publicly-traded companies during his career. Upcoming Dividend • Aug 02
Upcoming dividend of US$0.70 per share Eligible shareholders must have bought the stock before 09 August 2022. Payment date: 01 September 2022. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 4.6%. Within top quartile of American dividend payers (4.1%). Higher than average of industry peers (2.2%). Reported Earnings • Jul 14
Second quarter 2022 earnings released: EPS: US$2.61 (vs US$2.42 in 2Q 2021) Second quarter 2022 results: EPS: US$2.61 (up from US$2.42 in 2Q 2021). Revenue: US$19.1m (flat on 2Q 2021). Net income: US$9.03m (up 1.0% from 2Q 2021). Profit margin: 47% (in line with 2Q 2021). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Aankondiging • Jul 14
Winmark Corporation Announces Quarterly Cash Dividend, Payable on September 1, 2022 Winmark Corporation approved the payment of a quarterly cash dividend to shareholders. The quarterly dividend of $0.70 per share will be paid September 1, 2022 to shareholders of record on the close of business on August 10, 2022. Buying Opportunity • May 10
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 8.5%. The fair value is estimated to be US$261, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 11%. Upcoming Dividend • May 03
Upcoming dividend of US$0.70 per share Eligible shareholders must have bought the stock before 10 May 2022. Payment date: 01 June 2022. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 4.5%. Within top quartile of American dividend payers (3.9%). Higher than average of industry peers (2.1%). Reported Earnings • Apr 14
First quarter 2022 earnings: EPS and revenues exceed analyst expectations First quarter 2022 results: EPS: US$2.74 (up from US$2.49 in 1Q 2021). Revenue: US$20.0m (up 7.5% from 1Q 2021). Net income: US$9.85m (up 5.8% from 1Q 2021). Profit margin: 49% (in line with 1Q 2021). Revenue exceeded analyst estimates by 36%. Earnings per share (EPS) also surpassed analyst estimates by 28%. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 7% per year. Aankondiging • Apr 14
Winmark Corporation Announces Quarterly Cash Dividend, Payable on June 1, 2022 Winmark Corporation announced that its Board of Directors has approved an increase in its regular quarterly cash dividend to shareholders. The quarterly dividend of $0.70 per share represents an increase of $0.25 from its previous dividend rate. The cash dividend will be paid June 1, 2022 to shareholders of record on the close of business on May 11, 2022. Recent Insider Transactions Derivative • Mar 21
Vice President of Human Resources exercised options and sold US$125k worth of stock On the 14th of March, Leah Goff-Rosenberg exercised 2.05k options at around US$134, then sold 2k of the shares acquired at an average of US$202 per share and kept the remainder. Since June 2021, Leah's direct individual holding has increased from 10.28k shares to 11.10k. Company insiders have collectively sold US$3.8m more than they bought, via options and on-market transactions in the last 12 months. Reported Earnings • Feb 25
Full year 2021 earnings: EPS and revenues exceed analyst expectations Full year 2021 results: EPS: US$10.87 (up from US$8.02 in FY 2020). Revenue: US$78.2m (up 18% from FY 2020). Net income: US$39.9m (up 34% from FY 2020). Profit margin: 51% (up from 45% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 36%. Earnings per share (EPS) also surpassed analyst estimates by 28%. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 10% per year.