Stock Data
$14.27 (4.03%)
Asset Type
Common Stock
Exchange
NASDAQ
Currency
USD
Country
USA
Sector
CONSUMER CYCLICAL
Industry
SPECIALTY RETAIL
Winmark Corporation is a leading franchisor based in Minneapolis, Minnesota, specializing in the resale market across the United States and Canada. It operates through a variety of retail store concepts that focus on buying, selling, and trading a wide range of merchandise. Its brands cater to different demographics and needs, including Plato’s Closet for teens and young adults, Once Upon A Child for children's items, Play It Again Sports for sports equipment, Style Encore for women's apparel, and Music Go Round for musical instruments. Additionally, Winmark engages in the middle-market equipment leasing business, showcasing its diverse operations.
Winmark missed earnings by double digits as it funneled cash into launching Plato's Closet's first national ad fund and upgrading technology across its franchise network, even as royalties climbed steadily from 1,389 open units.
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