Winmark Corp. said its normalized net income for the fiscal second quarter ended June 25 amounted to $1.27 per share, an increase of 25.0% from $1.01 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $5.5 million, an increase of 13.2% from $4.8 million in the prior-year period.
The normalized profit margin increased to 33.5% from 31.2% in the year-earlier period.
Total revenue climbed 5.3% year over year to $16.3 million from $15.5 million, and total operating expenses declined 5.6% from the prior-year period to $7.0 million from $7.4 million.
Reported net income increased 13.2% from the prior-year period to $5.4 million, or $1.25 per share, from $4.8 million, or $1 per share.