Revenue: As of FY2025 Q3, the actual value is USD 22.63 M, beating the estimate of USD 22.39 M.EPS: As of FY2025 Q3, the actual value is USD 3.02, missing the estimate of USD 3.22.EBIT: As of FY2025 Q3, the actual value is USD 15.22 M.<h3>Segment Revenue</h3><ul><li>Royalties: $20,911,300 for the three months ended September 27, 2025, compared to $19,512,500 for the same period in 2024. For the nine months ended September 27, 2025, royalties were $57,348,000 compared to $54,555,700 in 2024.</li><li>Leasing Income: $46,600 for the three months ended September 27, 2025, compared to $316,200 in 2024. For the nine months ended September 27, 2025, leasing income was $2,401,100 compared to $1,677,400 in 2024.</li><li>Merchandise Sales: $693,600 for the three months ended September 27, 2025, compared to $702,500 in 2024. For the nine months ended September 27, 2025, merchandise sales were $2,438,500 compared to $2,738,500 in 2024.</li><li>Franchise Fees: $417,600 for the three months ended September 27, 2025, compared to $451,200 in 2024. For the nine months ended September 27, 2025, franchise fees were $1,088,100 compared to $1,182,700 in 2024.</li><li>Other Revenue: $563,800 for the three months ended September 27, 2025, compared to $528,500 in 2024. For the nine months ended September 27, 2025, other revenue was $1,693,700 compared to $1,586,800 in 2024.</li></ul><h3>Operational Metrics</h3><ul><li>Net Income: $11,136,500 for the three months ended September 27, 2025, compared to $11,120,700 in 2024. For the nine months ended September 27, 2025, net income was $31,694,200 compared to $30,371,200 in 2024.</li><li>Income from Operations: $14,923,200 for the three months ended September 27, 2025, compared to $14,928,600 in 2024. For the nine months ended September 27, 2025, income from operations was $41,580,800 compared to $40,164,400 in 2024.</li><li>Operating Costs: Selling, general, and administrative expenses were $7,046,400 for the three months ended September 27, 2025, compared to $5,919,800 in 2024. For the nine months ended September 27, 2025, these expenses were $21,070,500 compared to $18,979,000 in 2024.</li></ul><h3>Cash Flow</h3><ul><li>Operating Cash Flow: Net cash provided by operating activities was $36,373,800 for the nine months ended September 27, 2025, compared to $33,700,000 in 2024.</li></ul><h3>Unique Metrics</h3><ul><li>Franchise Operations: As of September 27, 2025, there were 1,377 franchises in operation and over 2,800 available territories. An additional 77 franchises have been awarded but are not open.</li></ul><h3>Outlook / Guidance</h3><ul><li>The report contains forward-looking statements that are subject to risks and uncertainties, indicating that actual results could differ materially from those anticipated. Shareholders and prospective investors are cautioned not to place undue reliance on such forward-looking statements.</li></ul>

Winmark | 8-K: FY2025 Q3 Revenue Beats Estimate at USD 22.63 M