Winmark Corporation, the parent of Play It Again Sports, reported net income for the first quarter ended March 27, 2021 of $9.31 million, or $2.40 per share, compared to net income of $7.32 million, or $1.87, a year ago.
“The resiliency of our business model combined with the improving execution of our franchisees led to exceptional first-quarter results,” commented Brett D. Heffes, chairman and chief executive officer.
At March 27, 2021, Winmark had 1,264 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 32 retail franchises have been awarded but are not open.
Photo courtesy Play It Again Sports, Asheville, NC