Fitness financials: Winmark’s Q3 profit jumps 51 percent

Winmark Corp. (Nasdaq: WINA), which franchises retail store brands such as Play It Again Sports, said its third-quarter net income climbed by 51 percent from the prior year.
Author:
Publish date:

Winmark’s Q3 profit jumps 51 percent

Winmark Corp. (Nasdaq: WINA), which franchises retail store brands such as Play It Again Sports, said its third-quarter net income climbed by 51 percent from the prior year.

Net income rose to $2.7 million, or $0.51 a share, in the quarter ended Sept. 25, from $1.8 million, or $0.33 a share, in the year-ago period.

Quarterly revenue increased 12 percent to $11 million from $9.8 million in the previous year. It posted gains in royalties, leasing income, merchandise sales and franchise fees.

“The positive trends in our business continued during the third quarter,” Winmark CEO John L. Morgan said in a statement. “Our strong financial performance included the further strengthening of our balance sheet.”

--Compiled by Wendy Geister

For more information about any public company on this page or its financial reports, as well as to view stock prices updated every 15 minutes, visit the SNEWS® Stock Market Updates. Click on: www.snewsnet.com/cgi-bin/snews/stock_report.html.

Related

Fitness financials: Best Buy’s Q3 profit jumps

Best Buy’s Q3 profit jumps Best Buy (NYSE:BBY), which now carries fitness equipment in select stores, said its third-quarter profit was boosted by customers buying electronics and gift cards, but it was cautiously optimistic about the rest of the holiday shopping season. "The ...read more