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 (NYSE: RGS), a leader in beauty salon services and cosmetology education, provides investors and industry professionals with timely updates through this dedicated news hub. Track the latest developments from the company's franchised and corporate locations, including service innovations and market expansions.
This page serves as a centralized resource for all RGS-related announcements, offering transparent access to press releases and financial updates. Users can efficiently monitor corporate milestones, strategic partnerships, and operational developments impacting the haircare industry.
Key updates include quarterly earnings reports, leadership changes, new product launches, and franchise network growth. The curated collection ensures stakeholders stay informed about regulatory filings and consumer trend responses without promotional bias.
Bookmark this page for direct access to Regis Corporation's official communications. Combine regular visits with portfolio tracking tools to maintain informed perspectives on the company's evolving role in personal care markets.
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 (RGS)?
What is the market cap of Regis (RGS)?
