When I started at the company, we had about 800 stores. And right now we have about 1,300 stores. That's a 62% growth rate over almost 21 years. Is that what is a reasonable growth expectation for investors so we understand? Yeah. It's not going to be 25%. But we can add a lot more than one or two a quarter.
You might not have heard of Winmark, but you could be more familiar with its stores. The resale franchise company owns concepts including Plato’s Closet, Play It Again Sports, and Once Upon a Child.
Winmark CEO, Brett Heffes, caught up with Jim Gillies for a rare interview about:
- How a focused mission shapes Winmark’s business - Creating long-lasting relationships with franchisees - The resale company’s capital allocation strategy and growth expectations - What some investors misunderstand about Winmark
Company discussed: WINA
Host: Jim Gillies Guest: Brett Heffes Producer: Ricky Mulvey Engineers: Rick Engdahl, Dan Boyd
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