Winmark Corp (WINA) Reports Q1 EPS of $1.17
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April 15, 2015 7:02 AM EDT
MINNEAPOLIS--(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2015, unless extended or withdrawn.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
April 15, 2015 7:00 AM EDT
MINNEAPOLIS--(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
