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Winmark WINA Franchising — Cost of Goods Sold

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Other financials

Income statement

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Revenue$22.0M+7.6%
Gross profit$20.7M+6.5%
Operating income$13.6M+4.4%
Net income$10.4M-1.9%
EPS (diluted)$2.81-2.8%

Balance sheet

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Cash & equivalents$25.8M-10.2%
Total debt$32.7M-1.7%
Total equity-$37.6M-2.1%
Total assets$43.2M0.0%

Cash flow

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Operating cash flow$10.7M+18.6%
CapEx$40.3K-26.3%
Free cash flow$10.7M+18.9%

Valuation

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Market cap$1.36B-2.2%
Enterprise value$1.37B-2.1%
P/E33.3×-0.3×
P/S15.7×-1.0×

Profitability

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Gross margin96.4%+0.5pp
Operating margin62.3%-2.8pp
Net margin47.1%-2.4pp
FCF margin50%-3.5pp

Returns & leverage

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Return on equity67.2%
Debt / equity0.6×
Current ratio3.8×-0.8×

Where this comes from

Reported directly by Winmark in its filing.

Tagged under the XBRL concept us-gaap:CostOfGoodsAndServicesSold.

The source filing: Winmark’s 10-Q, filed July 15, 2026.

Filed
Jul 15, 2026, 11:34 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000908315-26-000028
Line itemThree Months Ended / June 27, 2026Three Months Ended / June 28, 2025Six Months Ended / June 27, 2026Six Months Ended / June 28, 2025
Other46,6002,354,500
Total revenue$21,966,000$20,416,800$42,815,700$42,336,400
Franchising segment operating expenses:
Merchandise COGS$818,500$766,500$1,437,000$1,654,800
Selling, general and administrative expenses7,506,4006,585,00015,376,00013,936,300
Total franchising segment expenses$8,324,900$7,351,500$16,813,000$15,591,100
Reconciliation to operating income:
Franchising segment income from operations$13,641,100$13,018,700$26,002,700$24,390,900

Item 1. Financial Statements (Unaudited)

FAQ

What is Winmark's franchising — cost of goods sold?
Winmark (WINA) reported franchising — cost of goods sold of $818.5K in Q2 2026.
How has Winmark's franchising — cost of goods sold changed year-over-year?
Winmark's franchising — cost of goods sold increased by 6.8% year-over-year, from $766.5K to $818.5K.
What is the long-term trend for Winmark's franchising — cost of goods sold?
Over 3 years (2022 to 2025), Winmark's franchising — cost of goods sold has grown at a -5.8% compound annual growth rate (CAGR), from $3.71M to $3.1M.
What does franchising — cost of goods sold mean?
This represents the direct costs incurred to provide services or support to franchisees within the franchising segment. It captures the variable expenses directly attributable to the delivery of franchise-related consulting and operational support.

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