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Winmark fiscal Q2 profit climbs 11.0% YOY

Winmark Corp. said its normalized net income for the fiscal second quarter ended June 27 amounted to $1.01 per share, an increase of 22.1% from 83 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $4.8 million, an increase of 11.0% from $4.3 million in the prior-year period.

The normalized profit margin climbed to 31.2% from 31.0% in the year-earlier period.

Total revenue rose 10.2% year over year to $15.5 million from $14.0 million, and total operating expenses climbed 6.4% on an annual basis to $7.4 million from $6.9 million.

Reported net income rose 10.9% on an annual basis to $4.8 million, or $1 per share, from $4.3 million, or 82 cents per share.