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Winmark WINA Franchising — Selling General And Administrative Expense

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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$1.27B-8.7%
Enterprise value$1.28B-8.5%
P/E31.2×-2.5×
P/S14.7×-2.0×

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:SellingGeneralAndAdministrativeExpense.

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
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
Other operating segment income from operations42,4002,266,700

Item 1. Financial Statements (Unaudited)

FAQ

What is Winmark's franchising — selling general and administrative expense?
Winmark (WINA) reported franchising — selling general and administrative expense of $7.51M in Q2 2026.
How has Winmark's franchising — selling general and administrative expense changed year-over-year?
Winmark's franchising — selling general and administrative expense increased by 14.0% year-over-year, from $6.59M to $7.51M.
What is the long-term trend for Winmark's franchising — selling general and administrative expense?
Over 3 years (2022 to 2025), Winmark's franchising — selling general and administrative expense has grown at a 9.1% compound annual growth rate (CAGR), from $21.75M to $28.26M.
What does franchising — selling general and administrative expense mean?
This metric measures the overhead costs associated with operating the franchising segment, including administrative salaries, marketing, and general corporate support. It provides insight into the operational efficiency and cost management of the franchise business model.

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