WINMARK CP
			Symbol			WINA

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Winmark Corporation Announces Third Quarter Results

2009-10-14 12:29 ET - News Release

MINNEAPOLIS -- (Business Wire)

Winmark Corporation (Nasdaq: WINA) announced today net income for the quarter ended September 26, 2009 of $1,779,500, or $.33 per share diluted, compared to net income of $1,350,800, or $.24 per share diluted, in 2008. For the nine months ended September 26, 2009, net income was $4,388,500, or $.82 per share diluted, compared to net income of $3,218,600, or $.58 per share diluted, for the same period last year.

John L. Morgan, Chairman and Chief Executive Officer, stated, “Our franchising business performed well in the third quarter as consumers continued to respond to our value-oriented retail brands. Our equipment leasing business has been negatively impacted by the current economy, however, tight controls are firmly in place as we anticipate an economic turn around.”

Winmark Corporation creates, supports and finances business. At September 26, 2009, there were 874 franchises in operation under the brands Play It Again Sports®, Once Upon A Child®, Plato's Closet® and Music Go Round® and there were 37 territories in operation under the Wirth Business Credit® brand. An additional 36 retail franchises have been awarded but are not open. In addition, at September 26, 2009, the Company had loans and leases equal to $41.1 million.

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