Exhibit 99.1

Contact:	John L. Morgan
	763/520-8500

FOR IMMEDIATE RELEASE

WINMARK CORPORATION ANNOUNCES

SECOND QUARTER RESULTS

Minneapolis, MN (July 15, 2009)  -  Winmark Corporation (Nasdaq; WINA) announced today net income for the quarter ended June 27, 2009 of $1,195,300, or $.22 per share diluted, compared to net income of $930,500, or $.17 per share diluted, in 2008.  For the six months ended June 27, 2009, net income was $2,609,000, or $.49 per share diluted, compared to net income of $1,867,800, or $.34 per share diluted, for the same period last year.

John L. Morgan, Chairman and Chief Executive Officer, stated, “Our second quarter performance was acceptable in light of the current economic environment.  Our franchising and middle market leasing businesses performed well, but we have been negatively impacted by write-offs in our small business leasing portfolio.  We fully expect the small business portfolio to continue to perform poorly until there is a broad recovery in the U.S. economy.”

Winmark Corporation creates, supports and finances business.  At June 27, 2009, there were 867 franchises in operation under the brands Play It Again Sports®, Once Upon A Child®, Plato’s Closet® and Music Go Round® and there were 43 territories in operation under the Wirth Business Credit® brand.  An additional 51 retail franchises have been awarded but are not open.  In addition, at June 27, 2009, the Company had loans and leases equal to $44.1 million.

This press release contains forward-looking statements within the meaning of the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), relating to future events or the future financial performance of the Company including statements with respect to our ability to finance the growth of our leasing and franchising businesses for the foreseeable future.  Such forward-looking statements are only predictions or statements of intention subject to risks and uncertainties and actual events or results could differ materially from those anticipated.  Because actual result may differ, shareholders and prospective investors are cautioned not to place undue reliance on such forward-looking statements.

WINMARK CORPORATION

CONDENSED BALANCE SHEETS

(unaudited)

	June 27, 2009		December 27, 2008
ASSETS
Current Assets:
Cash and cash equivalents	$	8,702,300	$	2,140,000
Marketable securities	1,040,600		438,300
Current investments	1,500,000		500,000
Receivables, less allowance for doubtful accounts of $49,600 and $52,700	1,714,700		2,064,100
Net investment in leases - current	15,999,600		17,379,700
Income tax receivable	408,500		792,200
Inventories	72,800		141,500
Prepaid expenses	574,100		1,018,800
Deferred income taxes	—		216,900
Total current assets	30,012,600		24,691,500
Net investment in leases — long-term	26,074,400		28,035,300
Long-term investments	2,829,200		3,833,300
Long-term receivables, net	26,700		39,200
Property and equipment, net	2,041,100		512,200
Other assets	677,500		677,500
Deferred income taxes	—		320,800
	$	61,661,500	$	58,109,800
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current Liabilities:
Current line of credit	$	3,899,200	$	4,313,200
Current renewable subordinated notes	8,277,700		8,052,400
Accounts payable	1,387,700		1,108,200
Accrued liabilities	2,470,400		2,905,400
Current discounted lease rentals	1,142,100		1,012,900
Current rents received in advance	229,000		141,600
Current deferred revenue	1,161,300		993,600
Deferred income taxes	368,300		—
Total current liabilities	18,935,700		18,527,300
Long-term line of credit	7,307,100		9,276,300
Long-term renewable subordinated notes	15,115,400		12,788,700
Long-term discounted lease rentals	858,500		1,298,500
Long-term rents received in advance	1,493,100		1,696,400
Long-term deferred revenue	694,900		631,400
Other long-term liabilities	1,217,500		—
Deferred income taxes	490,700		—
Shareholders’ Equity:
Common stock, no par, 10,000,000 shares authorized, 5,307,589 and 5,433,610 shares issued and outstanding	—		427,500
Accumulated other comprehensive income (loss)	71,400		(38,500		)
Retained earnings	15,477,200		13,502,200
Total shareholders’ equity	15,548,600		13,891,200
	$	61,661,500	$	58,109,800

WINMARK CORPORATION

CONDENSED STATEMENTS OF OPERATIONS

(Unaudited)

	Quarter Ended						Six Months Ended
	June 27, 2009			June 28, 2008			June 27, 2009			June 28, 2008
REVENUE:
Royalties	$	5,607,900		$	5,303,800		$	11,241,400		$	10,635,400
Leasing income	2,143,100			1,907,000			4,844,800			3,859,600
Merchandise sales	679,300			975,000			1,304,700			1,907,800
Franchise fees	235,000			386,100			385,000			913,600
Other	172,800			145,400			312,200			278,300
Total revenue	8,838,100			8,717,300			18,088,100			17,594,700
COST OF MERCHANDISE SOLD	651,100			940,700			1,247,000			1,834,600
LEASING EXPENSE	512,800			463,100			1,195,300			949,000
PROVISION FOR CREDIT LOSSES	604,200			269,200			1,023,900			654,300
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES	4,830,600			5,138,500			9,713,100			10,324,300
Income from operations	2,239,400			1,905,800			4,908,800			3,832,500
LOSS FROM EQUITY INVESTMENTS	(600		)	(60,700		)	(4,100		)	(136,500		)
INTEREST EXPENSE	(341,400		)	(340,200		)	(692,500		)	(688,600		)
INTEREST AND OTHER INCOME	111,600			59,000			172,700			131,800
Income before income taxes	2,009,000			1,563,900			4,384,900			3,139,200
PROVISION FOR INCOME TAXES	(813,700		)	(633,400		)	(1,775,900		)	(1,271,400		)
NET INCOME	$	1,195,300		$	930,500		$	2,609,000		$	1,867,800
EARNINGS PER SHARE — BASIC	$	.22		$	.17		$	.49		$	.34
EARNINGS PER SHARE — DILUTED	$	.22		$	.17		$	.49		$	.34
WEIGHTED AVERAGE SHARES OUTSTANDING — BASIC	5,328,831			5,534,781			5,362,489			5,517,807
WEIGHTED AVERAGE SHARES OUTSTANDING — DILUTED	5,343,532			5,562,319			5,370,900			5,548,482