Regis Corp Stock Price, News & Analysis

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.

Regis Corporation (NYSE:RGS) will announce its fourth fiscal quarter financial results for the period ended June 30, 2022 on August 23, 2022, prior to market opening. Following the release, the company will conduct a webcast for investors starting at 9:00 a.m. Central time to discuss the results and corporate developments. As of March 31, 2022, Regis operated 5,697 locations globally, franchising prominent brands like Supercuts® and SmartStyle®.

Regis Corporation (NYSE: RGS) announced an amendment to its credit agreement, extending the maturity date from March 23, 2023 to August 31, 2025. The revised terms include a $180 million term loan and a $55 million revolving credit facility, with a reduced minimum liquidity covenant of $10 million. The CFO expressed optimism about these changes, indicating they provide liquidity for strategic investments. This amendment, alongside the sale of its salon management system, positions Regis to focus on its core business.