Winmark Corporation, a US-based franchisor of value-oriented retail stores, posted flat revenue of $18.6 million in its first quarter (Q1) FY21 that ended on March 27, 2021, compared to the same period prior fiscal. The company’s net income during the period rose to $9.3 million ($7.3 million), while income from operations were $12.6 million ($10.1 million).
Winmark Corporation, a US-based franchisor of value-oriented retail stores, posted flat revenue of $18.6 million in its first quarter (Q1) FY21 that ended on March 27, 2021, compared to the same period prior fiscal. The company's net income during the period rose to $9.3 million ($7.3 million), while income from operations were $12.6 million ($10.1 million).#
“The resiliency of our business model combined with the improving execution of our franchisees led to exceptional first quarter results,” Brett D Heffes, chairman and chief executive officer at Winmark Corp, said in a press release.
Winmark Corporation, a US-based franchisor of value-oriented retail stores, posted flat revenue of $18.6 million in its first quarter (Q1) FY21 that ended on March 27, 2021, compared to the same period prior fiscal. The company's net income during the period rose to $9.3 million ($7.3 million), while income from operations were $12.6 million ($10.1 million).#
The company’s cost of merchandise sold were $0.55 million ($0.71 million). Selling, general and administrative expenses were $5.1 million ($5.7 million).
ALCHEMPro News Desk (JL)
marketing@alchempro.com
