Winmark (WINA)
NASDAQConsumer DiscretionarySpecialty RetailSnapshot 2026-09-04
$318.17+0.24%
Close 2026-09-04 · 1-day change
NASDAQConsumer DiscretionarySpecialty RetailSnapshot 2026-09-04
Broken: Primary pillar broken — Cash from operating activities near $11.9 million: OCF $11.9M vs $11.8M target.
Winmark raises its quarterly dividend to $1.02 per share. Cash flow stays strong near $11.9 million. Analysts expect earnings per share of $11.88 for 2026. The company has a stable management team.
Winmark missed earnings in recent quarters. Cash flow from operations declined slightly. The stock trades at a high price-to-earnings ratio of 37. The sector faces headwinds that may hurt sales.
The price is about 54% above our fair value near $268. Analysts expect 7% revenue growth, but we see slower earnings growth ahead.
Breaks if: cash from operating activities falls below $11.8 million
Sustain robust operating cash flow to support business operations and capital allocation.
Stated as a priority in 6 of last 6 quarters. Operating cash flow fluctuated between $8.5 million in 2025-Q4 and $15.1 million in 2025-Q1, with recent quarters around $11.9 million. Management has maintained focus on strong cash flow, with a trajectory showing mixed but generally stable performance.
“Operating cash flow remains strong at $11.9 million for the quarter.”
“Cash from operating activities was $11.9 million this quarter.”
“Operating cash flow was $8.5 million for the quarter.”
“Cash from operations totaled $12.1 million this quarter.”
“Operating cash flow was $9.0 million for the quarter.”
“Cash from operating activities was $15.1 million this quarter.”
Breaks if: dividend per share falls below $1.02
Breaks if: EPS falls below $2.71 for fiscal year 2025
This is not a price target or investment advice.
A long-form read on the 1–3 year hold thesis. It updates when the weekly evidence changes.
WINA represents a Consumer Discretionary investment with a focus on maintaining dividends and cash flow. The current thesis is mixed, as the company has faced recent earnings misses while still pursuing growth initiatives.
The market appears to have priced in an expensive valuation, with expectations that may not be fully justified given the company's recent performance. There is a notable gap in expectations, suggesting that investors may be anticipating more favorable outcomes than what has been delivered.
Fundamentals may remain stable but are under pressure due to recent earnings misses and mixed cash flow performance. Management is focused on increasing dividends and launching new initiatives, but execution quality has been neutral.
The thesis hinges on whether WINA can avoid further guidance cuts and manage inflation pressures. Additionally, performance from sector leaders like AMZN and BABA could influence WINA's trajectory positively or negatively.
Over the next 1 to 3 years, WINA's outlook will depend on its ability to navigate risks while maintaining its dividend strategy. Not investment advice.
The most important moves since the prior daily snapshot.
Our read on the company is unchanged since the prior snapshot.
as of 2026-09-04
Review the evidence to watch, what would become a concern, and what would make it less concerning.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.