Welcome to our dedicated page for Regis news (Ticker: RGS), a resource for investors and traders seeking the latest updates and insights on Regis stock.
Regis Corporation reports developments for a haircare salon business built around franchised and company-owned locations. Company updates commonly address fiscal results, same-store sales trends, franchise royalties and fees, company-owned salon revenue, advertising fund activity, and the operating performance of brands such as Supercuts and Cost Cutters.
Regis news also reflects its ongoing salon-network transformation, including the completed Alline salon acquisition, efforts to optimize company-owned salons, debt-service and capital-management commentary, and board or executive leadership changes. The company’s disclosures often connect these items to salon traffic, stylist and customer initiatives, and the mix between franchise and company-operated revenue.
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.
Regis Corporation (NYSE:RGS), a leader in the haircare industry, will release its financial results for the second fiscal quarter ended December 31, 2020, on February 4, 2021, before market opening. A webcast presentation for investors will follow at 9:00 a.m. Central time to discuss these results and corporate developments. As of September 30, 2020, Regis operated 6,614 locations worldwide, including franchised and corporate salons under various brands such as Supercuts and SmartStyle. Interested parties can access the live event through the company’s website.
Regis Corporation (NYSE:RGS) announces a brand-centric reorganization under new CEO Felipe Athayde, effective December 2, 2020. The initiative focuses on enhancing brand performance and franchise profitability. Key changes include the appointment of Brand Presidents for Supercuts and SmartStyle, alongside a new President for Portfolio Brands. The reorganization aims to create value for franchisees and shareholders while implementing a Zero-Based Budgeting process to strengthen the company's fully-franchised business model.
Regis Corporation (NYSE: RGS) reported a first quarter 2021 net loss of $35.3 million, translating to a diluted loss of $0.98 per share, compared to a loss of $14.2 million, or $0.39 per share, in the prior year. Total revenue fell 54.9% to $111.4 million, attributed to COVID-19 impacts and a shift of 1,056 salons to its franchise model. Adjusted EBITDA loss was $18.6 million, down from a gain of $29.8 million year-over-year. Despite challenges, CEO Felipe Athayde emphasized growth opportunities with high interest in the remaining corporate salons.
Regis Corporation (NYSE:RGS) will report its financial results for Q1 fiscal 2020 on November 2, 2020, before market opening. The company operates franchised and corporate hair salons under various brands, with 6,923 locations globally as of June 30, 2020. After the earnings release, a webcast will be held at 9:00 a.m. Central time to discuss the results and corporate developments. Interested parties can join via the company’s website or by phone. A replay will also be available later that day.
Regis Corporation (NYSE:RGS) announced the appointment of Felipe A. Athayde as Chief Executive Officer and President effective October 5, 2020. This follows the prior announcement made on September 8, 2020. As part of Mr. Athayde's compensation, he will receive an inducement award of 358,680 restricted stock units valued at $2.5 million, which will vest after one year based on his continued service, along with options to purchase the same number of shares that will vest after four years. These awards were approved by the Compensation Committee.
XTM Inc. has successfully integrated its technology with Regis Corporation's point of sale systems, enabling automated earnings payouts to salon stylists via the Today™ card and digital wallet. This partnership allows franchise owners to automate gratuity and earnings payments, enhancing cashless transactions, especially amid COVID-19. As of June 15, 2020, approximately 68% of Regis locations have reopened, with 235 franchise sites onboarded to the XTM platform, leading to significant daily load increases in prepaid card usage.