Benzinga | Jul 14, 2021 01:02PM EDT

Winmark Reports 54% Hike in Q2 Revenue; Boosts Buyback, Declares Dividend

* Winmark Corp (NASDAQ:WINA) reported second-quarter FY21 revenue growth of 54% year-on-year to $19.03 million.

* The cost of merchandise sold for the quarter was $0.64 million. It paid $0.36 million in franchise fees.

* The company incurred $5.8 million in selling, general and administrative expenses.

* The company reported 62.9% operating margin with $11.97 million in operating income.

* EPS of $2.33 increased 75% Y/Y.

* The company held $7.25 million in cash and equivalents as of June 26, 2021.

* Winmark plans 400,000 share increase to its existing share repurchase authorization. This increase represents 11% of current shares outstanding.

* It also declared a quarterly dividend of $0.45 per share, payable September 1, 2021 to shareholders of record on August 11, 2021.

* Price action: WINA shares are trading higher by 1.41% at $197.03 on the last check Wednesday.