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Stock Market & Financial Investment News

News Breaks
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."
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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."

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