Winmark Corporation American franchisor of retail businesses has reported a decline and its total revenue of $12.4 million in Q2 FY 2020 as compared to the revenue of $17.4 million in the previous year. The company’s net income also dropped from $7.3 million in FY 2019 to $5 million in FY2020.
“Our franchisee’s performance improved throughout the quarter, as they have proven extremely resilient during the pandemic. While store operations are not fully back to pre-COVID levels, substantial progress has been made in the past 90 days and we are pleased with the overall performance of the company,” Brett D Heffes, chief executive officer at Winmark, said in a press release.
The year-over-year (YoY) revenues for the six months period for FY20 were $30.9 million compared to $35.7 million in the same period last year. Net income YoY slipped to $12.3 million ($14.5 million).
