Winmark Corporation, a US-based franchisor of value-oriented retail stores, has posted revenue increase to $19.0 million in its second quarter (Q2) FY21 that ended on June 26, 2021, compared to the revenue of $12.4 million in the corresponding period of prior fiscal. The company’s net income for the period was $8.9 million ($5.0 million).
Winmark Corporation, a US-based franchisor of value-oriented retail stores, has posted revenue increase to $19.0 million in its second quarter (Q2) FY21 that ended on June 26, 2021, compared to the revenue of $12.4 million in the corresponding period of prior fiscal. The company's net income for the period was $8.9 million ($5.0 million).#
Income from operations for Q2 FY21 rose to $11.9 million ($6.6 million). Revenue from royalties segment were $14.7 million ($7.8 million), while leasing income’s revenue dropped to $2.8 million ($3.5 million).
Winmark Corporation, a US-based franchisor of value-oriented retail stores, has posted revenue increase to $19.0 million in its second quarter (Q2) FY21 that ended on June 26, 2021, compared to the revenue of $12.4 million in the corresponding period of prior fiscal. The company's net income for the period was $8.9 million ($5.0 million).#
“Our business model is thriving in the current retail environment,” Brett D Heffes, chairman and chief executive officer at Winmark, said in a press release.
Fibre2Fashion News Desk (JL)
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