Winmark Corp

winmarkcorporation.com

Winmark Corporation (NASDAQ: WINA) is a franchising company that operates five resale retail brands across the United States and Canada. Revenue comes primarily from royalties and fees paid by franchisees who buy and sell gently used merchandise under Winmark-owned brand names. Winmark was incorporated in Minnesota in 1988 and has franchised resale concepts for over 35 years. Its five franchise brands are Plato's Closet, which buys and sells used clothing and accessories targeting teens and young adults, plus additional brands covering children's clothing, sporting goods, toys, and musical instruments. Franchisees purchase used goods directly from consumers and resell them at a discount to new merchandise prices, with stores also carrying a limited selection of new merchandise. Canadian franchisee revenues were approximately $7.8 million in FY2025, $7.3 million in FY2024, and $6.8 million in FY2023, with the majority of revenues generated from United States operations. Winmark estimates that since 2010, its franchise stores have extended the lives of over 2.1 billion items.