Winmark Corp (WINA) Reports Q1 EPS of $1.17
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Winmark Corporation Commences Self-Tender Offer to Purchase Up to 875,000 Shares
April 15, 2015 7:02 AM EDTMINNEAPOLIS--(BUSINESS WIRE)-- Winmark Corporation (Nasdaq: WINA) announced today the commencement of a self-tender offer to purchase up to 875,000 shares, or approximately 17.5% of its outstanding common stock, for a price of $84.72 per share. The Company intends to finance the tender offer with an expansion of its existing revolving line of credit as well as an additional term loan. The tender offer will expire at 12:00 Midnight, Eastern Time, on May 13, 2015, unless extended or withdrawn. The Board of Directors determined that it is in the Companys and shareholders best interest to repurchase shares... More
Winmark Corporation Announces First Quarter Results
April 15, 2015 7:00 AM EDTMINNEAPOLIS--(BUSINESS WIRE)--
Winmark Corporation (Nasdaq: WINA) announced today net income for the quarter ended March 28, 2015 of $6,054,300 (or $1.17 per share diluted) compared to net income of $4,551,900 (or $.86 per share diluted) in the first quarter of 2014.
John L. Morgan, Chairman and Chief Executive Officer, commented, Both our franchising and leasing businesses exhibited solid top-line growth in the first quarter which led to a 34% increase in operating income. We are pleased with our start to the year.
Winmark Corporation creates, supports and finances business. At March 28, 2015,... More
