Company did not provide specific guidance or forecasts for the current or future periods in the press release
Result drivers and key details
Technology and innovation spending - Co said increased investment in technology and innovation initiatives affected results
Plato’s Closet Ad Fund - Co cited spending ahead of the Plato’s Closet North American Ad Fund launch as a factor in Q2 results
Higher operating expenses - Selling, general and administrative expenses increased yr/yr, reflecting investment activity
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
$21.96 mln
Q2 EPS
$2.81
The one available analyst rating on the shares is "buy". The average consensus recommendation for the miscellaneous specialty retailers peer group is "buy". Wall Street's median 12-month price target for Winmark Corp is $545.00, about 44.7% above its July 14 closing price of $376.66. The stock recently traded at 30 times the next 12-month earnings vs. a P/E of 35 three months ago.
Profit declines as operating expenses rise
U.S. resale franchisor's Q2 revenue rose yr/yr
Q2 net income and diluted EPS declined slightly from prior year
