Winmark Corporation said net income for the year ended Dec. 27, 2008 of $1.1 million or 21 cents per diluted share, compared to net income of $3.0 million or 54 cents per diluted share, in 2007.

The fourth quarter 2008 net loss was ($2.1 million), or (38 cents) per diluited share, compared to net income of $853,000, or 15 cents per share diluted, for the same period last year. Revenues for the year were $35.4 million, up from $31.2 milion in 2007.