Regis Corp Stock Price, News & Analysis

Regis (RGS), a leader in the haircare industry, has announced it will release its second quarter fiscal 2025 financial results before market opening on February 12, 2025. The company will host a webcast presentation for investors at 7:30 a.m. Central time to discuss corporate developments and financial performance.

Investors can participate by registering through the company's investor relations website. A replay will be available later that day. Questions for the earnings call can be submitted in advance via email to investorrelations@regiscorp.com.

Regis (RGS) has appointed Susan Lintonsmith to its Board of Directors, effective January 15, 2025. Lintonsmith brings extensive experience from the food and beverage industry, having held key positions at Pizza Hut, Coca-Cola, Horizon Organic, Red Robin, and Quiznos, where she served as CEO. She later transitioned to the health and wellness sector as CEO of Elements Massage in 2019.

Chairman Michael Merriman highlighted Lintonsmith's valuable strategic business perspective, citing her significant franchise and public company experience. She currently serves on the boards of The ONE Group Hospitality and Checkers Drive-In Restaurants. Lintonsmith holds an MBA in marketing and finance from Indiana University and is a graduate of the University of Notre Dame.

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.