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Stock Market & Financial Investment News

News Breaks
February 8, 2013
09:56 EDTWINAWinmark incurrs impairment charges, Q4 EPS to be negatively impacted by 47c
Winmark announced that it recorded impairment charges relating to its' investments in Tomsten and BridgeFunds. The impact to Winmark's financial statements includes a $1.8M reduction to the carrying value of Winmark's investment in Archiver's; a $700,000 reduction to the carrying value of Winmark's investment in BridgeFunds; a reduction of Winmark's equity of $2.5M; a reduction of pre-tax income of $2.5M for the quarter ended December 29, 2012. The charges will negatively impact earnings per share by approximately 47c per share for the quarter. After these non-cash impairment charges, Winmark no longer has any carrying value for either of these investments.
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July 16, 2014
12:24 EDTWINAWinmark reports Q2 EPS 82c vs. 83c last year
Reports Q2 revenue $14.04M vs. $14.02M last year. The company said, "Our franchising business continued to show steady growth in both royalties and new stores during Q2, while expenses increased as we continue to invest in our new Style Encore concept. Profits from our leasing business were lower when compared to last year due to the timing of customer activity in our portfolio, which is unpredictable and will vary from quarter to quarter. Long-term growth in the leasing portfolio is a key indicator of future profits from our leasing business, and our leasing portfolio grew by fifteen percent from the end of last year. Additionally, the increase in debt during the quarter was primarily due to the Company’s repurchase of common stock."
July 10, 2014
15:26 EDTWINANine Ten Partners reports 9.66% passive stake in Winmark
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