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 Corporation (NYSE: RGS), a leader in the haircare industry, recently featured its President and CEO, Matthew Doctor, on Episode 65 of ICR’s podcast "Welcome to the Arena." During the episode, Doctor discussed his franchise experience, common franchisor mistakes, and the company's growth and expansion strategy. The podcast, hosted by ICR's Tom Ryan, has been airing since August 2021, providing insights from various industry leaders. This collaboration aims to enhance Regis Corporation's visibility and engagement in the market.
Regis Corporation (NYSE: RGS) reported significant improvements in its financial results for the second fiscal quarter ended December 31, 2022. Highlights include the highest first half operating income in five years, with operating income rising from a loss of $5.4 million to a profit of $3.2 million year-over-year. System-wide same-store sales increased by 4.5%, and adjusted EBITDA surged to $7.8 million from $2.6 million, aided by a COVID-19 relief grant. However, total revenue decreased to $60 million in Q2 2023, down from $69.3 million, primarily due to the wind down of unprofitable salons and an exit from the wholesale product business.
Regis Corporation (NYSE:RGS) will announce its financial results for the second fiscal quarter ended December 31, 2022, before the market opens on February 1, 2023. Following the announcement, a live webcast presentation will begin at 7:30 a.m. Central time to discuss corporate developments and financial performance. As of September 30, 2022, Regis operated or held ownership interests in 5,494 locations globally under popular brands like Supercuts and SmartStyle.
Supercuts is set to host its largest in-person training event, the Las Vegas Education Destination, on January 10, 2023. The event will bring together 850 educators, managers, and stylists to enhance their skills through sessions led by major vendors like Paul Mitchell and Redken. This initiative showcases Regis Corporation's commitment to stylist education, aiming to keep Supercuts at the forefront of industry trends. With 2,233 franchises as of September 30, 2022, Supercuts continues to emphasize the importance of ongoing education for its stylists.
Regis Corporation (NYSE:RGS) announced its participation in the 25th Annual ICR Conference in Orlando, FL. CEO Matthew Doctor and CFO Kersten Zupfer will present on January 10, 2023, at 11:00 a.m. Eastern Standard Time. The presentation will be available live and for replay on their investor relations website. As of September 30, 2022, Regis operates 5,494 locations globally under brands like Supercuts®, SmartStyle®, Cost Cutters®, Roosters®, and First Choice Haircutters®.
Regis Corporation (NYSE:RGS), a prominent player in the haircare sector, will participate in the Wolfe Research Virtual Consumer Conference on December 6, 2022. CEO Matthew Doctor and CFO Kersten Zupfer are scheduled for a fireside chat at 4:00 pm ET and will conduct investor meetings throughout the event. As of September 30, 2022, Regis operated 5,494 locations globally under brands like Supercuts and SmartStyle. For more details, visit the corporate website.
Regis Corporation (NYSE: RGS) announced its Q1 financial results for FY2023, revealing a significant turnaround. System-wide same-store sales rose 4.5%, with an operating profit of $2.5 million, a $7.4 million improvement year-over-year. The company reported a net income of $1.5 million, reversing a $10.4 million loss from the previous year. Adjusted EBITDA increased to $3.8 million, up from a loss of $5.0 million. Despite a total revenue decrease to $61.9 million, driven by exits from loss-generating salons, positive trends in royalties and operating metrics indicate progress in its franchise transformation strategy.
Regis Corporation (NYSE:RGS), a leader in the haircare industry, will release its first fiscal quarter financial results for the period ending September 30, 2022, on November 1, 2022, before the market opens. A webcast presentation for investors will follow at 7:30 a.m. Central time to discuss the company’s developments and financial performance. As of June 30, 2022, Regis operated 5,576 locations globally under popular brands like Supercuts and SmartStyle.
Regis Corporation (NYSE: RGS) reported a fourth quarter revenue of $66.1 million and full-year revenue of $276.0 million for the year ending June 30, 2022. This was a decline of 32.3% and 32.9% year-over-year, attributed to exiting loss-generating company-owned salons. System-wide same-store sales increased by 7.1% in Q4 and 14.8% for the fiscal year. The company achieved a positive adjusted EBITDA of $1.1 million in Q4, a significant turnaround from last year's loss. Debt restructuring extended maturity to August 2025, bolstering financial stability.
Regis Corporation (NYSE: RGS) has appointed Michelle DeVore as the new Senior Vice President, Head of Marketing. DeVore, who previously served at European Wax Center, will lead the company's digital marketing, advertising, and customer loyalty initiatives, leveraging the new Zenoti technology platform. CEO Matt Doctor expressed confidence that DeVore's expertise aligns with Regis' goals for customer retention and brand growth. Regis operates over 5,697 locations worldwide under various salon brands, including Supercuts and SmartStyle.