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Winmark (WINA) Q4 FY2023 earnings: revenue $20 million, down 5.1% on the year

Winmark Corp. (WINA) reported revenue of $20 million for Q4 FY2023, the quarter ended 30 December 2023, down 5.1% on the same quarter a year earlier. Net income was $10 million, down 4.5% on the year, and diluted earnings per share $2.64. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2024.

Revenue$20 milliondown 5.1%
Net income$10 milliondown 4.5%
Diluted EPS$2.64
QuarterQ4 FY2023ended 30 December 2023

The quarter, against the one before and a year earlier

LineQ4 FY2023Q3 FY2023A year earlierChange on the year
Revenue20.022.3n/an/a
Selling, general and administrative6.46.2n/an/a
Operating income12.515.1n/an/a
Operating margin62.5%67.8%n/a
Interest expense0.80.8n/an/a
Pre-tax income12.114.7n/an/a
Income tax2.43.6n/an/a
Effective tax rate19.9%24.4%n/a
Net income9.711.1n/an/a
Net margin48.5%50.0%n/a
Diluted EPS$2.64$3.05n/an/a
$ million except per share.
Read moreFourth quarters are the year less the first three quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow and capital returned

LineQ4 FY2023Q3 FY2023A year earlierChange on the year
Operating cash flow8.812.1n/an/a
Capital expenditure0.10.2n/an/a
Free cash flow8.711.9n/an/a
Free cash flow margin43.2%53.3%n/a
Cash from investing-0.1-0.2n/an/a
Cash from financing-35.9-3.7n/an/a
Depreciation and amortisation0.20.2n/an/a
Share-based compensation0.50.5n/an/a
Dividends paid35.72.8n/an/a
Dividend per sharen/a$0.80n/an/a
Diluted shares, weighted4m4mn/an/a
Shares outstanding at period end3m3mn/an/a

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

LineQ4 FY2023Q3 FY2023A year earlierChange on the year
Shareholders' equity-59.2-34.6n/an/a
Debt34.835.9n/an/a
Operating lease liabilities3.73.9n/an/a
Other liabilities49.650.3n/an/a
Total liabilities and equity29.055.5n/an/a
Fixed assets1.71.7n/an/a
Goodwill0.60.6n/an/a
Intangible assets3.03.1n/an/a
Cash and equivalents13.440.6n/an/a
Receivables1.51.7n/an/a
Inventory0.40.3n/an/a
Other assets8.57.6n/an/a
Total assets29.055.5n/an/a

Questions

What was Winmark's revenue in Q4 FY2023?

Winmark (WINA) reported revenue of $20 million for Q4 FY2023, the quarter ended 30 December 2023, down 5.1% on the same quarter a year earlier.

How much did Winmark earn in Q4 FY2023?

Net income for Q4 FY2023 was $10 million, down 4.5% on the year, and diluted earnings per share $2.64.

When did Winmark report Q4 FY2023 results?

Winmark filed its 10-K for the year that ended with the quarter on 28 February 2024; the fourth quarter is the year less the first three.

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue22.320.020.120.121.519.521.920.422.621.120.822.0
SG&A6.26.46.86.25.96.07.46.67.07.37.97.5
Operating income15.112.512.213.014.912.813.613.114.913.012.413.6
Operating margin68%62%61%65%69%65%62%64%66%62%59%62%
Interest expense0.80.80.70.70.70.70.60.60.60.60.60.6
Pre-tax income14.712.111.712.614.612.413.112.714.612.711.913.2
Tax rate24%20%24%17%24%23%24%17%24%21%22%21%
Net income11.19.78.810.411.19.610.010.611.110.09.310.4
Net margin50%48%44%52%52%49%45%52%49%47%44%47%
Diluted EPS$3.05$2.64$2.41$2.85$3.03$2.60$2.71$2.89$3.02$2.69$2.50$2.81
Operating cash flow12.18.813.48.212.18.515.19.012.38.511.910.7
Capital expenditure0.20.10.10.10.00.00.10.10.10.00.00.0
Free cash flow11.98.713.38.112.18.515.09.012.28.511.910.7
Buybacksn/an/an/an/an/an/a2.20.20.00.0n/an/a
Dividends paid2.835.72.83.23.229.73.23.43.439.13.43.7
Shares outstanding3m3m3m4m4m4m4m4m4m4m4m4m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Source

10-K for the period ended 30 December 2023, filed 28 February 2024, accession 0000908315-24-000010: the filing on EDGAR. All of Winmark Corp.'s filings: EDGAR company page.

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