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Regis Corporation - RGS STOCK NEWS

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.

News

Regis to Issue Third Quarter Fiscal 2024 Results on May 1, 2024

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Regis (NasdaqGM:RGS) will announce its financial results for the third fiscal quarter ended March 31, 2024, on May 1, 2024. The company will host a webcast presentation for investors to discuss corporate developments and financial performance.
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Regis Corporation Reports Continued Profitability for the Second Fiscal Quarter 2024

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Regis Corporation (RGS) reported financial results for the second fiscal quarter ended December 31, 2023. The company saw improvements in operating income, net income, and adjusted EBITDA compared to the same quarter last year. System-wide same-store sales improved by 1.9%, and the company is focused on streamlining operations, reducing costs, and increasing franchisee sales and profitability. Despite these positive aspects, system-wide revenue declined by $11.0 million, and franchise adjusted EBITDA declined by $1.1 million compared to the same quarter last year.
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Regis Corporation Adopts Tax Benefits Preservation Plan

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Regis Corporation (RGS) announced the adoption of a tax benefits preservation plan to protect its net operating loss carryforwards (NOLs) and certain other tax attributes. The plan aims to prevent an 'ownership change' that would limit the company's ability to use its NOLs to offset taxable income. The plan includes a preferred stock purchase right dividend and will remain in effect until January 29, 2025.
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Regis to Issue Second Quarter Fiscal 2024 Results on January 31, 2024

Rhea-AI Summary
Regis Corporation (RGS) will release its financial results for the second fiscal quarter ended December 31, 2023, on January 31, 2024. The company will also host a webcast to discuss its corporate developments and financial performance, with a replay available later in the day.
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Score a Free Haircut with Supercuts High Score Promotion

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The press release announces a promotional offer for the Big Game, where registrants could get a free haircut if the combined score hits 75 or more points. The promotion is set to take place on the specified date in Minneapolis.
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Supercuts Kicks off 2024 by Empowering Excellence for Stylists Around the Country with Las Vegas Education Destination

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Supercuts® (Ticker: CUTS) hosts annual Las Vegas Education Destination to provide educational training for 750+ hair educators, managers, and stylists, as well as 120 franchisees, focusing on the latest techniques and trends in the hair industry.
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Regis Announces Listing Transfer to The Nasdaq Stock Market LLC

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Regis Corporation (RGS) will transfer its stock exchange listing from the NYSE to Nasdaq on January 8, 2024, with shares expected to begin trading on January 9, 2024. The company will retain its current ticker symbol “RGS” and expects to be in full compliance with Nasdaq listing requirements.
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Regis Announces Appeal of NYSE Determination to Commence Proceedings to Delist Regis’ Common Stock

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Regis Corporation (RGS) has requested an oral hearing of the NYSE’s decision to commence proceedings to delist its common stock. Regis plans to present its compliance plan at the hearing and is evaluating all available listing options. The company's common stock has not been suspended from trading and is expected to continue to be listed and traded on the NYSE while the appeal remains pending. However, the NYSE reserves the right to suspend trading in Regis common stock. NYSE Regulation has determined that Regis was unable to demonstrate compliance with the applicable listing standard, as previously disclosed.
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Regis Announces Intent to Appeal NYSE Determination to Commence Proceedings to Delist Regis’ Common Stock

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Regis Corporation (RGS) will appeal the NYSE’s decision to delist its common stock. The company plans to present its compliance plan at the hearing and explore other listing options. Regis common stock is expected to continue trading on the NYSE during the appeal.
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NYSE Announces Intent to Commence Delisting Proceedings for Regis Corporation Common Stock; Opportunity to Appeal

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Regis Corporation (RGS) faces potential delisting from the New York Stock Exchange (NYSE) due to non-compliance with listing standards, specifically related to stockholders' equity and total market capitalization. The company has the opportunity to request a review by the Committee of the Board of Directors of the NYSE to contest the delisting proceedings. Regis is also considering alternative options, including seeking listing on another national securities exchange.
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FAQ

What is the current stock price of Regis Corporation (RGS)?

The current stock price of Regis Corporation (RGS) is $25.31 as of December 20, 2024.

What is the market cap of Regis Corporation (RGS)?

The market cap of Regis Corporation (RGS) is approximately 53.6M.

What is Regis Corporation known for?

Regis Corporation is known for its extensive network of beauty salons and cosmetology education services.

Where is Regis Corporation headquartered?

Regis Corporation is headquartered in Minneapolis, Minnesota.

What are some of the brands operated by Regis Corporation?

The company operates well-known brands such as Supercuts, SmartStyle, MasterCuts, Regis Salons, Sassoon Salon, Cost Cutters, and First Choice Haircutters.

In which regions does Regis Corporation operate?

Regis Corporation operates primarily in North America and the United Kingdom.

What types of services does Regis Corporation provide?

Regis Corporation provides a range of salon services including haircutting, styling, and hair coloring.

What is the primary revenue source for Regis Corporation?

The majority of Regis Corporation's revenue comes from its salon services, with a significant portion also derived from product sales.

Does Regis Corporation have any educational ventures?

Yes, Regis holds ownership interests in Empire Education Group in the U.S. and My Style concepts in Japan.

What is the market focus of Regis Corporation?

The company primarily serves a price-conscious market, with many of its salons located in strip malls and shopping centers.

How does Regis Corporation maintain its market leadership?

Regis Corporation invests in enhancing its service offerings, operational efficiency, and strategic partnerships.

Where can I find the latest news on Regis Corporation?

The latest news on Regis Corporation can be found on StockTitan, which provides current updates and financial insights.

Stock RGS logo
Regis Corporation

NYSE:RGS

RGS Rankings

#4831 Ranked by Market Cap
N/A Ranked by Dividends

RGS Stock Data

53.57M
1.92M
14.88%
20.46%
3.04%
Personal Services
Services-personal Services
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United States of America
MINNEAPOLIS