Winmark Corp., the parent of Play It Again Sports, reported net income for the fourth quarter of $7.65 million, or $1.83 per share diluted, compared to net income of $7.64 million, or $1.86, for the same period last year.
Revenue was slightly down to $17.1 million from $17.8 million.
For the year ended December 29, earnings reached $30.1 million, or $7.26, from $24.6 million, or $5.66, a year ago. Revenues improved to $72.5 million from $69.8 million.
At December 29, Winmark had 1,241 franchises in operation under the brands Plato’s Closet, Once Upon A Child, Play It Again Sports, Style Encore and Music Go Round. An additional 47 retail franchises have been awarded but are not open. In addition, at December 29, 2018, the company had a lease portfolio of $39.0 million.
