Winmark Corp (WINA) Commences 400K Self-Tender Offer

Winmark Corporation Commences Self-Tender Offer to Purchase up to 400,000 Shares

MINNEAPOLIS--(BUSINESS WIRE)-- Winmark Corporation (Nasdaq: WINA) announced today the commencement of a self-tender offer to purchase up to 400,000 shares, or approximately 9.5% of its outstanding common stock, for a price of $124.48 per share. The Company intends to finance the tender offer with its existing revolving credit facility as well as an additional term loan. The tender offer will expire at 12:00 Midnight, Eastern Time, on August 16, 2017, unless extended or withdrawn. The Board of Directors determined that it is in the Companys and shareholders best interest to repurchase shares at this time given the Companys... More

Winmark Corporation Announces Second Quarter Results

MINNEAPOLIS--(BUSINESS WIRE)-- Winmark Corporation (Nasdaq: WINA) announced today net income for the quarter ended July 1, 2017 of $5,773,200 (or $1.29 per share diluted) compared to net income of $5,394,300 (or $1.25 per share diluted) in the second quarter of 2016. For the six months ended July 1, 2017, net income was $11,189,600 (or $2.50 per share diluted) compared to net income of $9,957,200 (or $2.31 per share diluted) for the same period last year.

Winmark Corporation creates, supports and finances business. At July 1, 2017, there were 1,199 franchises in operation under the brands Plato's Closet®, Once Upon A Child®, Play It Again Sports®, Style Encore® and... More