Latest news with #RegisCorp
Yahoo
14-05-2025
- Business
- Yahoo
Regis Corp (RGS) Q3 2025 Earnings Call Highlights: Strong EBITDA Growth Amidst Sales Challenges
Release Date: May 13, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Regis Corp (NASDAQ:RGS) reported a 33% growth in adjusted EBITDA and a 23% increase in operating income compared to the previous year. The company has returned to profitability and is consistently generating positive operating cash flow. The acquisition of Allied Salon Group has expanded growth and cash generation opportunities, contributing positively to results. Regis Corp (NASDAQ:RGS) has implemented a new pay plan and pricing structure, which has shown early positive results in same-store sales. The SuperCuts rewards loyalty program is driving increased sales and customer retention, with rewards members accounting for over 30% of total sales. Consolidated same-store sales saw a modest decline of 1.1% for the third fiscal quarter. The company experienced a decline in franchise revenues due to the closure of unprofitable franchise locations. SmartStyle brand saw a significant 7.4% same-store sales decline for the quarter. Regis Corp (NASDAQ:RGS) is still facing challenges in increasing traffic to salons, especially new guest visits. The company had 49 net closures of underperforming stores during the third quarter. Warning! GuruFocus has detected 9 Warning Signs with RGS. Q: Can you elaborate on the strategic rationale behind the acquisition of Allied Salon Group? A: Matthew Doctor, President and CEO, explained that the acquisition was a proactive strategy by Regis to enhance financial and strategic benefits. It expands growth and cash generation levers, opens new brand and operational improvement opportunities, and has positively contributed to results immediately upon closing. Q: What were the main factors contributing to the 1.1% decline in same-store sales for the third quarter? A: Matthew Doctor noted that the decline was influenced by the timing of Easter, which fell in the fourth fiscal quarter, and continued softness in overall salon traffic and new guest visits. The Easter timing shift had an estimated negative impact of 1.1% on sales. Q: How is the new pay plan for stylists expected to impact the business? A: Matthew Doctor highlighted that the new pay plan is designed to be more transparent and better align incentives, providing a clear path for managers and stylists to earn more by generating more service and retail sales. This initiative is part of broader strategic changes aimed at improving profitability and operational efficiency. Q: What are the key focus areas for Regis moving forward? A: Matthew Doctor outlined two primary areas: optimizing and growing sales and profitability in the company-owned salon portfolio, and the holistic Supercuts brand transformation agenda. These efforts include evolving brand strategy, unlocking omnichannel growth, and scaling operational excellence. Q: How does Regis plan to manage the impact of salon closures on financial performance? A: Kirsten Zuper, EVP and CFO, mentioned that Regis has several operational levers to manage and overcome headwinds from closures. These include increasing salon-level profit margins and managing corporate G&A expenses strategically. The financial impact of closures is mitigated by disciplined cost management and capital allocation. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. 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
Yahoo
13-05-2025
- Business
- Yahoo
Regis: Fiscal Q3 Earnings Snapshot
MINNEAPOLIS (AP) — MINNEAPOLIS (AP) — Regis Corp. (RGS) on Tuesday reported net income of $250,000 in its fiscal third quarter. On a per-share basis, the Minneapolis-based company said it had profit of 8 cents. Earnings, adjusted for non-recurring costs, were 43 cents per share. The owner of hair salon chains Supercuts and MasterCuts posted revenue of $57 million in the period. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on RGS at
San Francisco Chronicle
13-05-2025
- Business
- San Francisco Chronicle
Regis: Fiscal Q3 Earnings Snapshot
MINNEAPOLIS (AP) — MINNEAPOLIS (AP) — Regis Corp. (RGS) on Tuesday reported net income of $250,000 in its fiscal third quarter. On a per-share basis, the Minneapolis-based company said it had profit of 8 cents. Earnings, adjusted for non-recurring costs, were 43 cents per share. The owner of hair salon chains Supercuts and MasterCuts posted revenue of $57 million in the period. _____
Washington Post
13-05-2025
- Business
- Washington Post
Regis: Fiscal Q3 Earnings Snapshot
MINNEAPOLIS — MINNEAPOLIS — Regis Corp. (RGS) on Tuesday reported net income of $250,000 in its fiscal third quarter. On a per-share basis, the Minneapolis-based company said it had profit of 8 cents. Earnings, adjusted for non-recurring costs, were 43 cents per share. The owner of hair salon chains Supercuts and MasterCuts posted revenue of $57 million in the period.
