logo
Winmark: Q2 Earnings Snapshot

Winmark: Q2 Earnings Snapshot

MINNEAPOLIS (AP) — MINNEAPOLIS (AP) — Winmark Corp. (WINA) on Tuesday reported net income of $10.6 million in its second quarter.
The Minneapolis-based company said it had net income of $2.89 per share.
The store concept franchisor posted revenue of $20.4 million in the period.
_____
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

VeriSign beats second-quarter profit estimates on steady demand for domain names
VeriSign beats second-quarter profit estimates on steady demand for domain names

Yahoo

time27 minutes ago

  • Yahoo

VeriSign beats second-quarter profit estimates on steady demand for domain names

(Reuters) -Internet services company VeriSign posted second-quarter profit above Wall Street estimates on Thursday, helped by stable demand for domain name registrations as businesses bolster their digital footprints. The Reston, Virginia-based company serves as the authoritative registry operator for two of the internet's most commercially significant domains, .com and .net, which together account for the majority of global domain registrations. Its shares gained about 2% in extended trading after earlier dropping 8% following the news. For the second quarter, the company posted a profit of $2.21 per share, compared with estimates of $2.20, according to data compiled by LSEG. Verisign ended the second quarter with 170.5 million .com and .net domain name registrations in the domain name base, down 0.1% from a year ago. The company reported second-quarter revenue of $410 million, missing analysts' estimates of $411 million. VeriSign also operates two of the world's 13 critical root name servers that form the backbone of internet infrastructure. It processed 10.4 million new domain name registrations for .com and .net in the second quarter, compared with 9.2 million a year ago. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Kohl's shares quickly rose in a 'meme-stock' rally. What to know.
Kohl's shares quickly rose in a 'meme-stock' rally. What to know.

Yahoo

time27 minutes ago

  • Yahoo

Kohl's shares quickly rose in a 'meme-stock' rally. What to know.

Kohl's Corp shares briefly doubled in value to a ten-month high of $21.23 on July 22, making it one of the most traded stocks on retail platforms. The chain became the latest 'meme stock,' as the surge in trading was driven by online discussions on platforms like Reddit's WallStreetBets. Reuters reported that the volume of the Wisconsin-based company's stock caused a temporary halt in trading. The share price closed at approximately $14.34 per share, representing a 38% increase for the day. The recent trading frenzy resembles the 2021 "meme stock" rally, marked by surges in stocks like GameStop and AMC Entertainment. Contributing factors included COVID-19 lockdowns, which increased savings, government stimulus checks and low interest rates that drove more investors into the stock market. Here's what you need to know about the Kohl's 'meme stock' rally: What are meme stocks? A meme stock is a nickname for a company whose shares get a boost when retail traders rally around it on platforms such as Reddit, and X to trigger a short squeeze, according to Reuters. These companies are often facing losses, but meme stock traders love them for their cheap stock price. WallStreetBets on Reddit has gained popularity as a forum for discussing the stock market and sharing stock recommendations. Often, those companies have a large amount of shares being shorted, which can lead to price increases and force hedge funds and other firms betting against these companies to take a sizable financial loss. How much trading took place in Kohl's shares? The average trading volume for Kohl's is roughly 8.7 million shares a day. However, on July 22, traders were moving as high as 190 million shares of stock. Kohl's stock continues wild ride: CNBC's Cramer says 'something good' could come at company What do experts say about meme stock trading? David Swartz, analyst with Morningstar who monitors Kohl's, told the Milwaukee Journal Sentinel, part of the USA TODAY network, that Kohl's share price has been steadily increasing in recent months. 'It's been building for a while,' Swartz said. 'It has been building from its lows, and people started promoting it online.' Swartz said the volume on July 22 was astronomically higher than usual. 'That will typically happen when there's a big move,' Swartz said. Those who bet against the stock likely lost money or had to buy more stock to cover their losses, he added. Even with the stock's performance increasing in recent weeks, Swartz said he doesn't expect the trading frenzy to last. Macy's and Bed, Bath & Beyond are examples of companies that have been caught up in the 'meme stock' rally, but neither company's future financial situation has changed. Contributing: Ricardo Torres, Milwaukee Journal Sentinel; Reuters This article originally appeared on USA TODAY: Kohl's shares quickly rose in a 'meme-stock' rally. What to know. Sign in to access your portfolio

Kohl's shares quickly rose in a 'meme-stock' rally. What to know.
Kohl's shares quickly rose in a 'meme-stock' rally. What to know.

USA Today

time28 minutes ago

  • USA Today

Kohl's shares quickly rose in a 'meme-stock' rally. What to know.

Kohl's Corp shares briefly doubled in value to a ten-month high of $21.23 on July 22, making it one of the most traded stocks on retail platforms. The chain became the latest 'meme stock,' as the surge in trading was driven by online discussions on platforms like Reddit's WallStreetBets. Reuters reported that the volume of the Wisconsin-based company's stock caused a temporary halt in trading. The share price closed at approximately $14.34 per share, representing a 38% increase for the day. The recent trading frenzy resembles the 2021 "meme stock" rally, marked by surges in stocks like GameStop and AMC Entertainment. Contributing factors included COVID-19 lockdowns, which increased savings, government stimulus checks and low interest rates that drove more investors into the stock market. Here's what you need to know about the Kohl's 'meme stock' rally: What are meme stocks? A meme stock is a nickname for a company whose shares get a boost when retail traders rally around it on platforms such as Reddit, and X to trigger a short squeeze, according to Reuters. These companies are often facing losses, but meme stock traders love them for their cheap stock price. WallStreetBets on Reddit has gained popularity as a forum for discussing the stock market and sharing stock recommendations. Often, those companies have a large amount of shares being shorted, which can lead to price increases and force hedge funds and other firms betting against these companies to take a sizable financial loss. How much trading took place in Kohl's shares? The average trading volume for Kohl's is roughly 8.7 million shares a day. However, on July 22, traders were moving as high as 190 million shares of stock. Kohl's stock continues wild ride: CNBC's Cramer says 'something good' could come at company What do experts say about meme stock trading? David Swartz, analyst with Morningstar who monitors Kohl's, told the Milwaukee Journal Sentinel, part of the USA TODAY network, that Kohl's share price has been steadily increasing in recent months. 'It's been building for a while,' Swartz said. 'It has been building from its lows, and people started promoting it online.' Swartz said the volume on July 22 was astronomically higher than usual. 'That will typically happen when there's a big move,' Swartz said. Those who bet against the stock likely lost money or had to buy more stock to cover their losses, he added. Even with the stock's performance increasing in recent weeks, Swartz said he doesn't expect the trading frenzy to last. Macy's and Bed, Bath & Beyond are examples of companies that have been caught up in the 'meme stock' rally, but neither company's future financial situation has changed. Contributing: Ricardo Torres, Milwaukee Journal Sentinel; Reuters

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store