Welcome to our dedicated page for Regis Corporation news (Ticker: RGS), a resource for investors and traders seeking the latest updates and insights on Regis Corporation stock.
Regis Corporation (NYSE: RGS), headquartered in Minneapolis, Minnesota, is a leading company in the beauty salon and cosmetology education industry. With a presence in nearly 10,000 locations worldwide, Regis operates through a mix of company-owned, franchised, and partnership models. Some of its well-known brands include Supercuts, SmartStyle, MasterCuts, Regis Salons, Sassoon Salon, Cost Cutters, and First Choice Haircutters.
Regis Corporation's primary business involves providing a range of salon services such as haircutting, styling, and hair coloring. Its operations are largely focused in North America and the United Kingdom, with many of its outlets situated in strip malls, shopping centers, and Wal-Mart stores. The company caters to a price-conscious market, which forms the bulk of its revenue. A smaller but significant portion of its income is derived from the sale of salon products.
Beyond its extensive salon network, Regis holds ownership interests in Empire Education Group in the United States and My Style concepts in Japan. These ventures underline the company's commitment to expanding its influence in the beauty and cosmetology education sectors.
Regis Corporation has continually invested in enhancing its service offerings and operational efficiency. Recent achievements include strategic partnerships and the introduction of innovative hair care products. Financially, the company remains focused on steady growth and maintaining its market leadership.
For those looking to stay updated on Regis Corporation's latest developments, StockTitan provides the most current news, financial data, and insights into the company's performance and strategic initiatives.
Regis (RGS) has acquired Alline Salon Group (ASG), its largest franchisee, for an initial consideration of $22 million with potential additional earn-out payments of $3 million over three years. The acquisition includes 314 salons operating under Supercuts, Cost Cutters, and Holiday Hair brands across five states, primarily in Michigan, Ohio, and Pennsylvania.
The acquired portfolio generates $83 million in revenue and $5.8 million in EBITDA. The initial consideration represents 3.79x TTM EBITDA, with expected synergies of $1.0-1.5 million by 2026. The transaction was financed through $15 million in credit agreement proceeds, $4 million cash, and $3 million in Regis stock. Post-acquisition, Regis maintains a 93% franchise base, preserving its asset-light model while gaining operational testing capabilities for brand initiatives.
Supercuts, owned by Regis (RGS), has partnered with Military Makeover with Montel for its 40th season, featuring Sergeant Kevin Jones and his family from Texas. The company provided hair makeovers and $500 gift cards to the Jones family. The episode will air on December 13 and re-air on December 19 on Lifetime TV.
As of September 30, 2024, Supercuts operates 1,935 salons in the United States and Canada, generating sales of nearly $148 million in Q1 fiscal 2025. Parent company Regis franchised or owned 4,359 locations across various brands including Supercuts, SmartStyle, Cost Cutters, Roosters, and First Choice Haircutters.
Regis (RGS) reported financial results for Q1 FY2025, showing mixed performance. Consolidated revenue decreased to $46.1 million from $53.4 million year-over-year, with same-store sales declining 1.1%. The company reported a net loss of $0.9 million versus net income of $1.2 million in the prior year. However, adjusted net income improved to $2.6 million from $1.7 million. Adjusted EBITDA was $7.6 million with a 40% margin. The results were impacted by one-time items, including a $2.3 million severance accrual and $1.1 million stock-based compensation adjustment.
Regis (RGS) has announced it will release its first quarter fiscal 2025 financial results before market opening on November 6, 2024. The company will host a webcast presentation for investors at 7:30 a.m. Central time on the same day to discuss corporate developments and financial performance. Interested parties can register for the live webcast through the company's investor relations website, and a replay will be available later that day.
Supercuts®, owned by Regis (NasdaqGM:RGS), has launched Supercuts Rewards®, the first-of-its-kind loyalty program in the salon industry. The program allows guests to earn points on their spending and redeem them for rewards, including free haircuts. Members can earn one point per dollar spent on services and retail products, with a 50-point welcome bonus for enrolling.
Rewards options include:
- $5 certificate for 100 points
- $10 certificate for 200 points
- Free haircut for 400 points
The program is available at 1,900 Supercuts salons nationwide and online at Supercuts.com/Rewards. As of June 30, 2024, Supercuts had 1,949 salons in the United States and Canada, generating sales of nearly $597 million in fiscal 2024.
Regis (Nasdaq GM: RGS), a leader in the haircare industry, reported its financial results for Q4 and the full fiscal year 2024. The company achieved significant milestones, including strategic refinancing and the completion of the Zenoti migration. The new credit facility replaced $80 million of debt, saving $7 million in annual cash interest, extending the debt maturity to June 2029.
Key financial highlights for Q4 2024 include:
- System-wide revenue: $293.7M, down $18.1M YoY
- Operating income: $4.6M, up $1.0M YoY
- Net income: $91.2M, a $96.0M improvement YoY
- Diluted EPS: $38.10, a $40.17 improvement YoY
For the full fiscal year 2024:
- System-wide revenue: $1,179.5M, down $51.0M YoY
- Operating income: $20.9M, up $12.1M YoY
- Net income: $91.1M, a $98.5M improvement YoY
- Diluted EPS: $38.34, a $41.52 improvement YoY
The company highlighted lower rent expense and improved operating income as drivers of growth despite a decline in revenue due to fewer salons and other factors.
Regis (NasdaqGM:RGS), a leader in the haircare industry, has announced it will release its financial results for the fourth quarter and full year ended June 30, 2024 before the market opens on August 28, 2024. The company will host a webcast presentation for investors at 7:30 a.m. Central time on the same day to discuss corporate developments and financial performance. Interested parties can register for the live webcast through the provided link or by visiting the company's investor relations page. A replay of the presentation will be available later that day on the same platform.
Regis (NasdaqGM: RGS) has announced a new senior secured credit facility with TCW Asset Management Company and Midcap Financial Trust. This $105 million term loan replaces existing debt, reducing outstanding indebtedness by over $80 million and saving about $7 million annually in cash interest. Additionally, Regis gains access to a $25 million revolving credit facility, both maturing on June 24, 2029. The refinancing aims to enhance financial flexibility, improve balance sheet health, and support long-term growth. Key details are available on the Regis Investor Relations website.
The Supercuts Franchisee Association (SFA) is hosting its annual conference to reconnect and rejuvenate salon leaders, focusing on the growth and resilience of salons across the country. The event will feature educational sessions, a trade show with top vendors, and keynote speakers sharing insights on guest experience and service delivery.
Regis (NasdaqGM: RGS) reported continued profitability in the third fiscal quarter of 2024 with a focus on driving growth through customer experience, new technology, and managing expenses. The company's financial highlights included system-wide revenue decline, same-store sales improvement, and increased operating income and adjusted EBITDA compared to the previous year. Regis remains committed to maximizing value for stakeholders through strategic alternatives and capital structure assessment.
FAQ
What is the current stock price of Regis Corporation (RGS)?
What is the market cap of Regis Corporation (RGS)?
What is Regis Corporation known for?
Where is Regis Corporation headquartered?
What are some of the brands operated by Regis Corporation?
In which regions does Regis Corporation operate?
What types of services does Regis Corporation provide?
What is the primary revenue source for Regis Corporation?
Does Regis Corporation have any educational ventures?
What is the market focus of Regis Corporation?
How does Regis Corporation maintain its market leadership?
Where can I find the latest news on Regis Corporation?
