Exhibit 99.2

Contact:	John L. Morgan
	763/520-8500

FOR IMMEDIATE RELEASE

WINMARK CORPORATION ANNOUNCES

SECOND QUARTER RESULTS

Minneapolis, MN (July 14, 2010)  -  Winmark Corporation (Nasdaq; WINA) announced today net income for the quarter ended June 26, 2010 of $2,338,700 (or $.45 per share diluted) compared to net income of $1,195,300 (or $.22 per share diluted) in 2009.  For the six months ended June 26, 2010, net income was $4,519,800 (or $.87 per share diluted) compared to net income of $2,609,000 (or $.49 per share diluted) for the same period last year.

John L. Morgan, Chairman and Chief Executive Officer, stated, “During the second quarter, we were able to grow our profits while maintaining expenses relatively flat when compared to last year.  We are extremely pleased with how our business has performed during the first six months of 2010.”

Winmark Corporation creates, supports and finances business.  At June 26, 2010, there were 889 franchises in operation under the brands Play It Again Sports®, Once Upon A Child®, Plato’s Closet® and Music Go Round® and there were 19 territories in operation under the Wirth Business Credit® brand.  An additional 46 retail franchises have been awarded but are not open.  In addition, at June 26, 2010, the Company had loans and leases equal to $35.4 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 and the payment of cash dividends 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 26, 2010			December 26, 2009
ASSETS
Current Assets:
Cash and cash equivalents	$	10,635,800		$	9,490,800
Marketable securities	609,600			1,274,000
Current investments	2,000,000			2,000,000
Receivables, less allowance for doubtful accounts of $19,400 and $35,700	1,633,700			1,761,100
Net investment in leases - current	14,733,200			17,575,900
Income tax receivable	183,400			—
Inventories	138,500			111,400
Prepaid expenses	325,700			398,800
Total current assets	30,259,900			32,612,000
Net investment in leases — long-term	18,664,600			19,423,700
Long-term investments	2,110,600			2,232,900
Long-term receivables, net	9,100			14,900
Property and equipment, net	1,754,500			1,843,500
Other assets	677,500			677,500
	$	53,476,200		$	56,804,500
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current Liabilities:
Current line of credit	$	3,763,300		$	3,983,100
Current renewable subordinated notes	8,706,800			9,166,900
Accounts payable	1,481,200			1,415,200
Income tax payable	—			183,500
Accrued liabilities	2,556,400			1,794,100
Current discounted lease rentals	603,200			972,600
Current rents received in advance	329,800			294,400
Current deferred revenue	1,257,800			1,188,800
Deferred income taxes	1,057,700			1,057,700
Total current liabilities	19,756,200			20,056,300
Long-term line of credit	3,550,600			5,298,900
Long-term renewable subordinated notes	9,896,000			12,058,700
Long-term discounted lease rentals	259,000			507,600
Long-term rents received in advance	982,000			1,332,000
Long-term deferred revenue	761,600			709,500
Other long-term liabilities	1,239,400			1,298,400
Deferred income taxes	214,400			214,400
Shareholders’ Equity:
Common stock, no par, 10,000,000 shares authorized, 5,011,862 and 5,125,025 shares issued and outstanding	—			—
Accumulated other comprehensive income (loss)	(73,600		)	9,600
Retained earnings	16,890,600			15,319,100
Total shareholders’ equity	16,817,000			15,328,700
	$	53,476,200		$	56,804,500

WINMARK CORPORATION

CONDENSED STATEMENTS OF OPERATIONS

(Unaudited)

	Quarter Ended						Six Months Ended
	June 26, 2010			June 27, 2009			June 26, 2010			June 27, 2009
REVENUE:
Royalties	$	6,368,300		$	5,607,900		$	12,731,800		$	11,241,400
Leasing income	2,345,800			2,143,100			4,870,700			4,844,800
Merchandise sales	550,500			679,300			1,045,200			1,304,700
Franchise fees	305,000			235,000			528,500			385,000
Other	309,500			172,800			545,700			312,200
Total revenue	9,879,100			8,838,100			19,721,900			18,088,100
COST OF MERCHANDISE SOLD	520,200			651,100			991,200			1,247,000
LEASING EXPENSE	439,300			512,800			986,600			1,195,300
PROVISION FOR CREDIT LOSSES	(160,200		)	604,200			11,900			1,023,900
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES	4,877,200			4,830,600			9,733,100			9,713,100
Income from operations	4,202,600			2,239,400			7,999,100			4,908,800
LOSS FROM EQUITY INVESTMENTS	(102,000		)	(600		)	(122,200		)	(4,100		)
INTEREST EXPENSE	(273,100		)	(341,400		)	(561,300		)	(692,500		)
INTEREST AND OTHER INCOME	103,000			111,600			280,700			172,700
Income before income taxes	3,930,500			2,009,000			7,596,300			4,384,900
PROVISION FOR INCOME TAXES	(1,591,800		)	(813,700		)	(3,076,500		)	(1,775,900		)
NET INCOME	$	2,338,700		$	1,195,300		$	4,519,800		$	2,609,000
EARNINGS PER SHARE — BASIC	$	.47		$	.22		$	.89		$	.49
EARNINGS PER SHARE — DILUTED	$	.45		$	.22		$	.87		$	.49
WEIGHTED AVERAGE SHARES OUTSTANDING — BASIC	5,025,944			5,328,831			5,077,179			5,362,489
WEIGHTED AVERAGE SHARES OUTSTANDING — DILUTED	5,189,925			5,343,532			5,193,154			5,370,900