Regis Corp Stock Price, News & Analysis

Regis Corporation (NYSE:RGS), a leader in the haircare industry, will announce its financial results for Q2 ending December 31, 2021, on February 3, 2022, before market opening. Following the announcement, the company will hold a webcast for investors starting at 9:00 a.m. Central time to discuss corporate developments and financial results. As of September 30, 2021, Regis operated or franchised 5,843 locations globally under brands like Supercuts and SmartStyle.

Regis Corporation (NYSE:RGS) announces the appointment of Matthew Doctor as Interim CEO following the resignation of Felipe Athayde, effective December 23, 2021. Athayde will remain an employee until March 19, 2022. Doctor, who joined the company in February 2021, previously served as Chief Financial Officer at Kava Restaurants and brings extensive franchise experience. The Board expressed confidence in Doctor's leadership capabilities to drive business objectives. Other key appointments include Jim Lain as COO and Michael Ferranti as Chief People Officer.

Regis Corporation (NYSE:RGS) has appointed David J. Grissen as the new Chairman of the Board, following the resignation of Daniel G. Beltzman effective November 14, 2021. Grissen, with over 30 years of experience at Marriott International, aims to leverage his franchise expertise to guide Regis in its transformation to a fully-franchised business model. As of September 30, 2021, Regis operated 5,843 locations worldwide, including brands like Supercuts and SmartStyle.

Regis Corporation (NYSE: RGS) reported a Q1 2022 net loss of $10.4 million, or $0.28 per diluted share, an improvement from a $35.3 million loss in Q1 2021. System-wide same-store sales increased by 23.2% year-over-year. Total revenue fell by 30.2% to $77.8 million, mainly due to exiting underperforming company-owned salons. Adjusted EBITDA loss was reduced to $5.6 million from $18.6 million. The company raised $37 million in liquidity and reduced annual G&A expenses by approximately $5 million, focusing on supporting franchisee recruitment efforts.

Regis Corporation (NYSE:RGS) will release its financial results for the first fiscal quarter ending September 30, 2021, before market open on November 4, 2021. A webcast presentation for investors will follow at 9:00 a.m. Central time, discussing corporate developments and financial results. As of June 30, 2021, Regis operated 5,917 locations worldwide under brands including Supercuts® and SmartStyle®. For further details, visit the investor relations page.

Regis Corporation (NYSE:RGS) announces John Davi as the new Chief Technology Officer, aiming to enhance its Opensalon ecosystem. With over 20 years in technology, Davi has previously worked with BriteCore and MINDBODY, and has experience in artificial intelligence and media solutions. His expertise is expected to drive technology development and improve franchisee support. Regis operates the world's largest franchise network of hair salons, with 5,917 locations globally as of June 30, 2021.

Regis Corporation (NYSE:RGS) has appointed Lockie Andrews to its Board of Directors, effective September 10, 2021. Ms. Andrews is the Head of eCommerce and Digital Operations at Party City (NYSE: PRTY), where she manages digital sales and marketing initiatives. Her expertise spans strategy, innovation, and operational improvement, making her a valuable asset to Regis as it focuses on technology-driven growth. Andrews aims to enhance Regis's business potential through data analytics, particularly leveraging the Opensalon® Pro platform.

Regis Corporation (NYSE: RGS) has completed its shift to a fully-franchised model, closing 1,356 company-owned salons during the fiscal year. In Q4 2021, system-wide same-store sales rose 4.2% compared to the previous year, marking a positive trend post-COVID-19. Although fourth-quarter revenue increased to $99.1 million, a significant improvement year-over-year, the company reported a net loss from continuing operations of $34.3 million. Adjusted EBITDA loss decreased to $23.2 million, showcasing financial improvement amidst challenges posed by the pandemic.

Regis Corporation (NYSE:RGS), a leader in the haircare industry, will release its financial results for Q4 ended June 30, 2021, on August 26, 2021, before market opens. A presentation for investors will follow at 9:00 a.m. Central time, discussing corporate developments and financials. As of March 31, 2021, Regis operated or franchised over 6,200 locations globally under brands like Supercuts and SmartStyle. For more information, visit www.regiscorp.com.