Regis Corporation - RGS STOCK NEWS

Regis Corporation (NYSE:RGS) announces John Davi as the new Chief Technology Officer, aiming to enhance its Opensalon ecosystem. With over 20 years in technology, Davi has previously worked with BriteCore and MINDBODY, and has experience in artificial intelligence and media solutions. His expertise is expected to drive technology development and improve franchisee support. Regis operates the world's largest franchise network of hair salons, with 5,917 locations globally as of June 30, 2021.

Regis Corporation (NYSE:RGS) has appointed Lockie Andrews to its Board of Directors, effective September 10, 2021. Ms. Andrews is the Head of eCommerce and Digital Operations at Party City (NYSE: PRTY), where she manages digital sales and marketing initiatives. Her expertise spans strategy, innovation, and operational improvement, making her a valuable asset to Regis as it focuses on technology-driven growth. Andrews aims to enhance Regis's business potential through data analytics, particularly leveraging the Opensalon® Pro platform.

Regis Corporation (NYSE: RGS) has completed its shift to a fully-franchised model, closing 1,356 company-owned salons during the fiscal year. In Q4 2021, system-wide same-store sales rose 4.2% compared to the previous year, marking a positive trend post-COVID-19. Although fourth-quarter revenue increased to $99.1 million, a significant improvement year-over-year, the company reported a net loss from continuing operations of $34.3 million. Adjusted EBITDA loss decreased to $23.2 million, showcasing financial improvement amidst challenges posed by the pandemic.

Regis Corporation (NYSE:RGS), a leader in the haircare industry, will release its financial results for Q4 ended June 30, 2021, on August 26, 2021, before market opens. A presentation for investors will follow at 9:00 a.m. Central time, discussing corporate developments and financials. As of March 31, 2021, Regis operated or franchised over 6,200 locations globally under brands like Supercuts and SmartStyle. For more information, visit www.regiscorp.com.

Regis Corporation (NYSE:RGS) has announced a strategic move to outsource its product distribution to Beauty Systems Group and SalonCentric Inc. This initiative supports an asset-light, fully franchised model aimed at enhancing service offerings for franchisees. The new distributors will provide competitive pricing, promotional advantages, and educational resources to help grow franchisee businesses. The partnership will enable faster product access through over 1,800 store locations across North America, exclusively distributing Regis' private label brands.

Regis Corporation (NYSE:RGS) has appointed Michael Mansbach to its Board of Directors, effective June 14, 2021. Mansbach, a technology industry veteran, was previously the president of MINDBODY, Inc. and has held senior roles at Blue Jeans Network and Citrix. CEO Felipe Athayde expressed confidence in Mansbach's ability to enhance Regis' digital transformation and improve customer connections. Regis operates over 6,200 salon locations globally, maintaining brands like Supercuts and SmartStyle, and continues to focus on leveraging technology to enhance guest experiences.

Regis Corporation (NYSE: RGS) reported a significant decline in financial performance for the third quarter of 2021. Consolidated revenue fell to $100.3 million, down 34.8% year-over-year. The company incurred a net loss from continuing operations of $10.8 million, a substantial improvement from a loss of $67.8 million in the previous year. Adjusted EBITDA showed a loss of $19.8 million, attributed primarily to lower salon sales and COVID-19 impacts. The company also continued its shift toward a fully-franchised model, selling 126 salons in the quarter.

Regis Corporation (NYSE:RGS), a leading haircare franchisor, will announce its third fiscal quarter financial results on May 6, 2021. The results will cover the quarter ending March 31, 2021. Following the announcement, Regis will host a live webcast at 9:00 a.m. Central time to discuss financial outcomes and corporate updates. Interested parties can register for the webcast on their investor relations website. The company, as of December 31, 2020, operated 6,384 locations globally, under various salon brands including Supercuts and SmartStyle.

Regis Corporation (NYSE: RGS) reported a second quarter 2021 net loss of $32.9 million, or $0.92 per diluted share, marking a significant increase from a loss of $16.5 million or $0.46 per diluted share in the prior year. Total revenue for the quarter decreased by 50% year-over-year to $104.3 million, driven by the COVID-19 pandemic and the conversion of 768 salons to franchises. Despite strategic initiatives for recovery, adjusted EBITDA loss widened to $17.5 million, highlighting ongoing challenges in salon operations.