Winmark Corporation (WINA)

Winmark Corp. experienced several stock-related events over the past six months. The company announced its Q3 2025 results, reporting a net income of $11,136,500 or $3.02 per share diluted, and declared a quarterly dividend of $0.96 per share and a special dividend of $10.00 per share. Jenele C. Grassle decided not to seek re-election to Winmark's Board of Directors at the next Annual Meeting. There was insider selling activity reported, with Renae M. Gaudette, Lawrence Barbetta, Anthony Ishaug, and Brett Heffes selling shares, while Gina De Caro Sprenger bought shares. As of October 9, 2025, the share price was $449.59, representing a 24.38% increase from October 10, 2024, with a 52-week range between $295.79 and $527.37.

Demand for Winmark Corporation's products and services exhibits resilience to traditional retail seasonality. The resale industry is considered "recession-proof" and Winmark stores actively buy products for all seasons year-round, maintaining a continually changing selection of merchandise. The overall demand for Winmark's offerings is less susceptible to pronounced seasonal peaks and troughs compared to traditional retail models.

Winmark Corporation, established in 1988, operates as a franchisor in the consumer cyclical sector, focusing on specialty retail and business services. The company franchises specialized retail stores that buy, sell, and trade used and new merchandise, and provides business services and equipment financing through Winmark Capital. Winmark's major retail brands include Plato's Closet, Once Upon A Child, Play It Again Sports, Style Encore, and Music Go Round, each catering to distinct consumer segments. The company also operates an e-commerce platform for select franchisees.

Winmark Corporation has a significant market presence across North America. As of September 27, 2025, the company had 1,377 franchised locations in operation across the United States and Canada, with an additional 77 franchises awarded but not yet open.

Winmark Corporation has maintained a positive brand reputation over the past year. Winmark was named to Fortune's 2023 Change the World List for its mission to provide "Resale for Everyone®" and its positive community impact. The company's focus on the circular economy resonates with consumers, and Winmark is recognized as a leader in the resale retail industry.

Winmark Corporation's ownership includes institutional, insider, and retail investors. Institutional investors hold between 20.09% to 77.3% of the company's stock, with major holders including Neuberger Berman Group LLC, BlackRock, Inc., and Renaissance Technologies Llc. Insiders own approximately 16.80% to 55.92% of the stock, with Ronald G. Olson being the largest individual shareholder, owning 21.77% of the company.