Winmark Corporation, a US-based franchisor of value-oriented retail stores, has reported decline in its total revenue to $18.2 million during the third quarter (Q3) FY20 that ended on September 26, 2020, compared to revenue of $19.6 million in same period last year. Company’s net income during the period rose to $9.3 million ($9.1 million).
Winmark Corporation, a US-based franchisor of value-oriented retail stores, has reported decline in its total revenue to $18.2 million during the third quarter (Q3) FY20 that ended on September 26, 2020, compared to revenue of $19.6 million in same period last year. Company's net income during the period rose to $9.3 million ($9.1 million).#
Cost of merchandise sold during Q3 FY20 was 0.6 million. Selling, general and administrative expenses were $5.0 million ($6.2 million). Company’s income from operations remained unchanged at $12.4 million.
Winmark Corporation, a US-based franchisor of value-oriented retail stores, has reported decline in its total revenue to $18.2 million during the third quarter (Q3) FY20 that ended on September 26, 2020, compared to revenue of $19.6 million in same period last year. Company's net income during the period rose to $9.3 million ($9.1 million).#
By September 26, 2020, there were 1,262 franchises of Winmark’s in operation under the brands Plato’s Closet, Once Upon A Child, Play It Again Sports, Style Encore and Music Go Round. An additional 35 retail franchises have been awarded but are not open.
ALCHEMPro News Desk (JL)
marketing@alchempro.com
