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Resalecompany Winmark is a franchisor that owns concepts including Plato's Closet, Play It Again Sports, and Once Upon a Child. The company has tripled the return of the S&P 500 since its IPO, and delivered an annualized return of 18% over the past five years. So, investors may want to pay attention to it.
As I mentioned before, and it's even more clear to me now, there were missed opportunities in the past to rationalize systems, processes, legal entities, go-to-market, and delivery functions. Modern Workplace organic revenue declined year to year in the mid-teens impacted by resale revenue, which was down 30%. Great question.
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