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 (NasdaqGM: RGS) is a public company in the haircare industry that owns and franchises salon locations under brands such as Supercuts, SmartStyle, Cost Cutters, Roosters, and First Choice Haircutters. The RGS news feed on Stock Titan brings together company-issued press releases and other coverage that explain how Regis is executing its salon-focused strategy and managing its large franchise and company-owned footprint.
News about Regis often centers on quarterly and annual financial results, where the company reports consolidated revenue, system-wide revenue, operating income, net income, adjusted EBITDA, and system-wide same-store sales for Supercuts and for Regis on a consolidated basis. These releases also highlight trends in franchise revenue, company-owned salon revenue, and salon counts, along with commentary from management on profitability, cash from operations, and the impact of acquisitions such as the Alline salon portfolio.
Investors following RGS can also expect updates on strategic initiatives and transformations. Recent communications describe efforts to optimize and grow the company-owned salon portfolio, modernize the Supercuts brand, update service menus and pricing at Alline salons, and advance technology and digital initiatives. Leadership changes, including the appointment of an interim President and Chief Executive Officer and the Board’s CEO succession process, are disclosed through press releases and Form 8-K filings.
Regis news items additionally cover investor events and conferences, such as participation in growth and small-cap conferences, and announcements of upcoming earnings webcasts. For shareholders and analysts, this news stream provides context on operational performance, governance developments, and the company’s ongoing transformation. Bookmark this page to quickly access new RGS releases, historical announcements, and related updates as they are reported.
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.
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