Winmark Corporation, the parent of Play It Again Sports, announced net income for the quarter ended June 25, 2022 of $9.03 million, or $2.54 per share, compared to net income of $8.94 million, or $2.33, in 2021.
For the six months ended June 25, 2022, net income was $18.9 million, or $5.19, compared to net income of $18.2 million, or $4.74, for the same period last year.
“We are pleased with our results for the first half of the year,” commented Brett D. Heffes, chairman and chief executive officer.”
Winmark’s resale franchises include Plato’s Closet, Once Upon A Child, Play It Again Sports, Style Encore, and Music Go Round.
At June 25, 2022, there were 1,293 franchises in operation and over 2,800 available territories. An additional 46 franchises have been awarded but are not open.