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 reports developments for a haircare salon business built around franchised and company-owned locations. Company updates commonly address fiscal results, same-store sales trends, franchise royalties and fees, company-owned salon revenue, advertising fund activity, and the operating performance of brands such as Supercuts and Cost Cutters.
Regis news also reflects its ongoing salon-network transformation, including the completed Alline salon acquisition, efforts to optimize company-owned salons, debt-service and capital-management commentary, and board or executive leadership changes. The company’s disclosures often connect these items to salon traffic, stylist and customer initiatives, and the mix between franchise and company-operated revenue.
Regis Corporation (NYSE: RGS) reported a third quarter revenue of $64.7 million, down 35.4% from the previous year, with a net loss of $27.9 million or $0.61 per share. Despite challenges, including labor issues and lower customer counts, the company saw a 23.1% increase in royalty revenue and an 8.6% rise in system-wide same-store sales. The Franchise segment achieved an adjusted EBITDA of $3.0 million, reflecting significant improvement. CEO Matt Doctor expressed optimism, citing future performance improvements from strategic initiatives.
Regis Corporation (NYSE: RGS) has appointed Matthew Doctor as its new President and CEO, effective immediately. Doctor has been the Interim CEO since December 2021 and has extensive experience in the industry, including his role as Executive VP and Chief Strategy Officer. The board expressed confidence in his leadership, noting his ability to stabilize the organization and engage with franchisees. Doctor aims to unlock the company's potential and lead the recovery following the pandemic. As of December 31, 2021, Regis operated 5,779 locations worldwide.
Regis Corporation (NYSE:RGS) will release its financial results for Q3 2022 on May 10, 2022, before market opening. The company operates a network of 5,779 salons worldwide under brands like Supercuts and SmartStyle. Following the release, a webcast presentation for investors will take place at 9:00 a.m. Central time to discuss financial results and corporate updates. Interested participants must register through the company's investor relations website.
Regis Corporation (NYSE:RGS), a leader in the haircare industry, announces the appointment of Andra Terrell as Senior Vice President, General Counsel, and the promotion of Jamie Suarez to Senior Vice President, Merchandising & Education. Terrell brings over 25 years of franchise law experience, enhancing Regis's franchise relations. Suarez, a 25-year veteran at Regis, will continue his focus on technical education and partnerships. Both executives are expected to drive growth and strengthen relationships with franchisees.
Regis Corporation (NYSE: RGS) reported a second fiscal quarter net loss of $4.9 million, or $0.11 per diluted share, an improvement from a net loss of $32.9 million, or $0.92 last year. Total revenue fell to $70.3 million, down 32.7% year-over-year, primarily due to exiting loss-making company-owned salons. Despite this, system-wide same-store sales grew by 22.1%. Adjusted EBITDA was $2.4 million, up significantly from a loss of $17.5 million in the previous year. Regis anticipates continued improvement in performance as it shifts to a fully franchised model.
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.