Winmark Corporation, the parent of Play it Again Sports, reported net income amounted to $9,956,400, or $2.71 per share diluted for the first quarter ended March 29, 2025, compared to net income of $8,819,000, or $2.41 per share diluted, in Q1 2024.
First quarter results included $2.2 million of leasing income due to the settlement of outstanding customer litigation.
“The run-off of our leasing portfolio announced in May of 2021 is substantially complete,” commented Brett D. Heffes, chair and CEO, Winmark Corporation.
The company franchises Plato’s Closet, Once Upon A Child, Play It Again Sports, Style Encore and Music Go Round. At March 29, there were 1,363 franchises in operation and over 2,800 available territories. An additional 79 franchises have been awarded but are not open.
Condensed Statement of Operations
Image courtesy Play it Again Sports
