Life Fitness parent among biggest decliners on NYSE
Brunswick (NYSE: BC), parent of Life Fitness and Hammer Strength, was among the 10 biggest percentage decliners on the New York Stock Exchange on July 14. It dropped $0.92, or 6.15 percent, to close at $14.05.
Winmark reports Q2 results, finalizes $30 million credit line
For the second quarter, Winmark Corp. (Nasdaq: WINA), which franchises retail store brands such as Play It Again Sports, said it was able to grow its profits while keeping expenses relatively flat when compared to last year.
For the quarter ended June 26, its net income was $2.3 million, or $0.45 per share, compared to $1.1 million, or $0.22 per share, in 2009.
Revenue was up on higher royalties and leasing income to $9.8 million versus $8.8 million in the same period last year.
Separately, Winmark said it finalized an agreement for a $30 million credit line with PrivateBank and Trust Co. It will put the credit line toward its redemption of renewable unsecured subordinated notes and general corporate uses, it said.
--Compiled by Wendy Geister
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