Regis Corporation owns, operates, and franchises hairstyling and hair care salons in the United States, the United Kingdom, Canada, and Puerto Rico. The company operates in two segments, Company-owned Salons and Franchise Salons. Its salons provide haircutting and styling, including shampooing and conditioning; hair coloring; and other services, as well as sells various hair care and other beauty products. The company also offers OpenSalon Pro, a cloud-based salon management and point of commerce solution; Supercuts mobile application (app) for check-in and booking services; and Cost Cutters mobile app and website for appointment booking services. It operates its salons primarily under the SmartStyle, Supercuts, Cost Cutters, Roosters, and First Choice Haircutters names. As of June 30, 2020, the company operated 6,923 salons, such as 5,209 franchised salons, 1,632 company-owned salons, and 82 non-controlling ownership salons. It also operates accredited cosmetology schools. Regis Corporation was founded in 1922 and is headquartered in Minneapolis, Minnesota.
IPO Year: 1991
Exchange: NYSE
Website: regiscorp.com
Loop Capital upgraded Regis from Hold to Buy
Jefferies downgraded Regis from Buy to Hold and set a new price target of $10
Regis Corporation (NASDAQ:RGS) shares are trading higher Tuesday after the company announced it has entered into a new senior secured credit facility with TCW Asset Management to refinance its existing debt. The Details: Regis said a $105 million term loan will replace the company’s existing debt, reducing outstanding indebtedness by more than $80 million and saving approximately $7 million in cash interest annually. In addition to the term loan, the company will have access to a $25 million revolving credit facility, with the term loan and credit facility maturing on June 24, 2029. Related News: Rivian Cuts Costs By 35%: What’s Going On With Rivian’s Stock? “This strategic refi
RGS: 164% | Regis shares are trading higher after the company announced that it entered into a new senior secured credit facility with TCW Asset Management to refinance its existing debt. ENVX: 24% | Enovix shares are trading higher after the company signed a deal to supply silicon batteries for mixed reality headsets. SEDG: -19% | SolarEdge Technologies shares are trading lower after the company announced a private offering of $300 million convertible notes due 2029.
A $105 million term loan replaces the Company's existing debt, reducing outstanding indebtedness by more than $80 million and saving approximately $7 million in cash interest annually. In addition to the term loan, the Company will have access to a $25 million revolving credit facility. The new revolving credit facility and term loan will mature on June 24, 2029.
Regis (NYSE:RGS) reported quarterly losses of $(1.00) per share which beat the analyst consensus estimate of $(1.28) by 21.88 percent. This is a 25 percent decrease over losses of $(0.80) per share from the same period last year. The company reported quarterly sales of $49.20 million which missed the analyst consensus estimate of $51.04 million by 3.61 percent. This is a 11.79 percent decrease over sales of $55.77 million the same period last year.
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Regis Corporation (NASDAQGM:RGS), a leader in the haircare industry, today announced financial results for the third fiscal quarter ended March 31, 2024. Matthew Doctor, Regis Corporation's President and Chief Executive Officer, commented: "In the third quarter, we continued to grow the year-over-year profitability of the Company. We delivered another quarter of growth in same-store-sales, operating income, and adjusted EBITDA. We are continuing our efforts to drive sustainable, long-term growth through our priorities that are focused on improving the customer experience, implementing new technology, supporting the stylist community, and managing our corporate expenses. In addition, the
Regis Corporation (NASDAQGM:RGS), a leader in the haircare industry, today announced financial results for the second fiscal quarter ended December 31, 2023. Matthew Doctor, Regis Corporation's President and Chief Executive Officer, commented: "In the second quarter, we continued to stabilize and rebuild the foundation of the Company. We were pleased to see bright spots across all of our brands, as our top quartile salons collectively demonstrated approximately 6% same-store-sales for the quarter with positive traffic comps. We also reported a $4.1 million improvement in operating income versus the same quarter last year, which reflects our efforts to streamline the business. Despite our pr
Regis Corporation (NASDAQGM:RGS) ("Regis" or the "Company"), today announced that its Board of Directors adopted a tax benefits preservation plan (the "Plan") designed to preserve the availability of its net operating loss carryforwards ("NOLs") and certain other tax attributes under the Internal Revenue Code (the "Code"). As of September 30, 2023, Regis had approximately $646 million of U.S. federal NOLs. These NOLs, the majority of which are not subject to any expiration date, represent a valuable asset to the company and are available to offset the Company's current or future taxable income. Regis' ability to use these NOLs (as well as certain other tax attributes) would be substanti
Regis Corporation (NYSE:RGS), a leader in the haircare industry, today announced financial results for the first fiscal quarter ended September 30, 2023 and that its Board of Directors (the "Board") intends to evaluate a range of strategic alternatives available to the Company. Matthew Doctor, Regis Corporation's President and Chief Executive Officer, commented: "Our first quarter fiscal 2024 financial results reflect the continued improvements and progress we are making in our business. Adjusted EBITDA improved to $7.5 million compared to $3.8 million in Q1 fiscal 2023, and we demonstrated positive net income from operations for the first time since fiscal 2018, with $1.2 million in the
Regis Corporation (NYSE:RGS), a leader in the haircare industry, today announced financial results for the fourth fiscal quarter and full year ended June 30, 2023. Matthew Doctor, Regis Corporation's President and Chief Executive Officer, commented: "At the end of fiscal 2022, I mentioned that we were poised to deliver stronger results in fiscal 2023 – and we did exactly that. We finished the year strong, delivering our fourth consecutive quarter of positive operating income, leading to our highest-level of operating income since 2017. We demonstrated growth across key financial metrics including same-store sales, operating income and adjusted EBITDA, reflecting the successful execution o
Regis Corporation (NYSE:RGS), a leader in the haircare industry, today announced financial results for the third fiscal quarter and nine months ended March 31, 2023. Matthew Doctor, Regis Corporation's President and Chief Executive Officer, commented: "We are pleased with our third quarter performance, which was highlighted by year-over-year growth across all key financial metrics, including our third consecutive quarter of positive operating income. Our business has demonstrated sales growth and positive EBITDA in each of the first three quarters of our fiscal year, further demonstrating the progress we have made in stabilizing our business. As we continue to execute on our key initiativ
Highest first half operating income in five years. Regis Corporation (NYSE:RGS), a leader in the haircare industry, today announced financial results for the second fiscal quarter ended December 31, 2022. Matthew Doctor, Regis Corporation's President and Chief Executive Officer, commented: "I am pleased with our strong results this quarter, which contributed to our highest first half operating income in five years and adjusted EBITDA growth. Our continued improved performance reflects the success of our transformation to an asset-light franchise business and the execution on our strategies across technology, stylist retention and recruitment, customer retention and marketing with the goal
Regis Corporation (NYSE:RGS), a leader in the haircare industry, today announced financial results for the first fiscal quarter ended September 30, 2022. Financial Highlights: First quarter 2023 compared to first quarter 2022: System-wide same-store sales increased 4.5% in the quarter. Operating profit improved $7.4 million to $2.5 million, from an operating loss of $4.9 million. The last time Regis reported positive operating profit was September 30, 2018. Positive EBITDA of $6.6 million compared to a loss of $5.6 million; adjusted EBITDA was $3.8 million compared to a loss of $5.0 million. Franchise EBITDA was $7.9 million compared to a loss of $5.0 million; adjusted Franchise E
Regis Corporation (NYSE:RGS), a leader in the haircare industry, today reported results for the fourth quarter and full year ended June 30, 2022. Highlights from the year include: Fourth quarter and full year revenue of $66.1 million and $276.0 million, including royalty growth of 12.1% and 25.6%, respectively. System-wide same-store sales increase of 7.1% in the quarter and 14.8% in fiscal year 2022. Positive fourth quarter adjusted EBITDA, excluding salon sales, of $1.1 million, a $15.6 million improvement compared to a loss of $14.5 million during the fourth quarter 2021; Franchise EBITDA of $2.5 million, positive for the 3rd quarter in a row. Positive fiscal year adjusted EBITDA
Regis Corporation (NYSE:RGS), a leader in the haircare industry, today reported results for the third fiscal quarter and nine months ended March 31, 2022 versus the prior year as noted below. Total third quarter and nine months ended March 31, 2022 revenue of $64.7 million and $212.8 million includes Royalty growth of 23.1% and 31.2%, respectively. System-wide same-store sales increased 8.6%. Reported G&A of $15.6 million and adjusted G&A of $14.7 million, represented a decline of $9.0 million and $8.3 million compared to the third quarter 2021, respectively. The Franchise segment posted adjusted EBITDA of $3.0 million compared to a loss of $7.0 million in third quarter 2021. Second
Regis Corporation (NASDAQGM:RGS), a leader in the haircare industry, will issue financial results for the fourth quarter and full year ended June 30, 2024 before the market opens on August 28, 2024. Following the release, the Company will host a presentation via webcast for investors beginning at 7:30 a.m. Central time to discuss its corporate developments and financial performance. To participate in the live webcast, interested parties may register here or register by logging into www.regiscorp.com/investor-relations. A replay of the presentation will be available later that day at the same address. About Regis Corporation Regis Corporation (NASDAQGM:RGS) is a leader in the haircare
Refinancing reduces outstanding debt by more than $80 million, saving ~$7 million in cash interest annually and accelerating Regis' investment in long-term growth Supplemental Presentation Available on the Regis Investor Relations Website Regis Corporation (NASDAQGM:RGS) ("Regis" or the "Company"), a leader in the haircare industry, today announced that it has entered into a new senior secured credit facility with TCW Asset Management Company LLC ("TCW"), a leading global asset manager, and Midcap Financial Trust ("Midcap"). A $105 million term loan replaces the Company's existing debt, reducing outstanding indebtedness by more than $80 million and saving approximately $7 million in cas
The event will focus on the rejuvenation of salons across the country SCOTTSDALE, Ariz., May 1, 2024 /PRNewswire/ -- The Supercuts Franchisee Association (SFA) is hosting its annual conference from May 6 to 8, bringing together nearly 140 franchisees, general managers, vendors, and the Regis leadership team to reconnect and rejuvenate salon leaders from across the country. "The SFA conference is the premier event for Supercuts franchisees and their leadership teams."At the conference, there will be educational sessions where attendees will learn about new products and service
Regis Corporation (NASDAQGM:RGS), a leader in the haircare industry, today announced financial results for the third fiscal quarter ended March 31, 2024. Matthew Doctor, Regis Corporation's President and Chief Executive Officer, commented: "In the third quarter, we continued to grow the year-over-year profitability of the Company. We delivered another quarter of growth in same-store-sales, operating income, and adjusted EBITDA. We are continuing our efforts to drive sustainable, long-term growth through our priorities that are focused on improving the customer experience, implementing new technology, supporting the stylist community, and managing our corporate expenses. In addition, the
Regis Corporation (NASDAQGM:RGS), a leader in the haircare industry, will issue financial results for the third fiscal quarter ended March 31, 2024 before the market opens on May 1, 2024. Following the release, the Company will host a presentation via webcast for investors beginning at 7:30 a.m. Central time to discuss its corporate developments and financial performance. To participate in the live webcast, interested parties may register here or register by logging into www.regiscorp.com/investor-relations. A replay of the presentation will be available later that day at the same address. About Regis Corporation Regis Corporation (NASDAQGM:RGS) is a leader in the haircare industry. A
Regis Corporation (NASDAQGM:RGS), a leader in the haircare industry, today announced financial results for the second fiscal quarter ended December 31, 2023. Matthew Doctor, Regis Corporation's President and Chief Executive Officer, commented: "In the second quarter, we continued to stabilize and rebuild the foundation of the Company. We were pleased to see bright spots across all of our brands, as our top quartile salons collectively demonstrated approximately 6% same-store-sales for the quarter with positive traffic comps. We also reported a $4.1 million improvement in operating income versus the same quarter last year, which reflects our efforts to streamline the business. Despite our pr
Regis Corporation (NASDAQGM:RGS) ("Regis" or the "Company"), today announced that its Board of Directors adopted a tax benefits preservation plan (the "Plan") designed to preserve the availability of its net operating loss carryforwards ("NOLs") and certain other tax attributes under the Internal Revenue Code (the "Code"). As of September 30, 2023, Regis had approximately $646 million of U.S. federal NOLs. These NOLs, the majority of which are not subject to any expiration date, represent a valuable asset to the company and are available to offset the Company's current or future taxable income. Regis' ability to use these NOLs (as well as certain other tax attributes) would be substanti
Regis Corporation (NASDAQGM:RGS), a leader in the haircare industry, will issue financial results for the second fiscal quarter ended December 31, 2023 before the market opens on January 31, 2024. Following the release, the Company will host a presentation via webcast for investors beginning at 7:30 a.m. Central time to discuss its corporate developments and financial performance. To participate in the live webcast, interested parties may register here or register by logging into www.regiscorp.com/investor-relations. A replay of the presentation will be available later that day at the same address. About Regis Corporation Regis Corporation (NASDAQGM:RGS) is a leader in the haircare in
For this year's Big Game, if the combined score hits 75 or more points, registrants could get a free haircut. MINNEAPOLIS, Jan. 22, 2024 /PRNewswire/ -- Supercuts®, the original value salon, today announces its Supercuts High Score promotion – "Supercuts High Score" – offering a free adult haircut to those who register if the final total score of the Big Game in February meets or beats 75 points. Why 75? 1975 is when Supercuts started cutting America's hair, and it's the highest combined score ever achieved at a Big Game – back in 1995, when Supercuts was only 20 years old.
750+ Supercuts hair educators, managers and stylists, as well as 120 franchisees are receiving educational training to continue providing high-quality cuts at a great value LAS VEGAS, Jan. 4, 2024 /PRNewswire/ -- Supercuts®, the original value salon, is starting the new year with a continued focus on the importance of education for stylists and connection with its franchisee base. On January 9, the hair salon franchise is bringing 750+ Supercuts hair educators, managers, and stylists, as well as 120 franchisees, together for a two-day experience full of the latest techniques and trends led by some of the best in the business. With 120 franchisees in attendance, the majority of Supercuts' 2
Regis Corporation (NYSE:RGS), a leader in the haircare industry, today announces the appointment of Nancy Benacci to its Board of Directors, effective May 1, 2023. Ms. Benacci served as head of equity research from 2004 until her retirement in 2019 from KeyBanc Capital Markets, a subsidiary of KeyCorp, one of the nation's largest bank-based financial services companies. She directed a sell-side equity research group of more than 100 individuals covering 600 public companies in a variety of industries. Earlier in her career, she provided research coverage on companies in the property casualty and life insurance sectors for over a decade. She started her investment career with National City
Appoints Geoff Purtill as Interim Chief Executive Officer and Michael Merriman as Board Chairman Invacare Corporation (NYSE:IVC) today announced changes to its senior management team and Board of Directors to advance its previously announced business transformation initiatives, address supply chain challenges, and strengthen its financial performance. Geoffrey P. Purtill, who had been serving as the company's Senior Vice President and General Manager, EMEA and APAC, was named interim President and Chief Executive Officer, replacing Matthew E. Monaghan, who has left from his role as Chairman, President and Chief Executive Officer, effective August 28, 2022. The Board of Directors has comme
Regis Corporation (NYSE:RGS), a leader in the haircare industry, has appointed Matthew Doctor as the Company's President and Chief Executive Officer (CEO) and will join the Company's Board of Directors. Matt has been serving as the Company's Interim Chief Executive Officer since December 2021 and previously was Executive Vice President and Chief Strategy Officer. Prior to joining the Company in February 2021, he was a Partner of Kava Restaurants LLC, a Tim Horton's franchisee. Prior to Kava, Matt held several roles at Restaurant Brands International, including Head of Global Development and Franchisee Performance for the Burger King brand. Matt started his career in investment banking with
Matthew Doctor Named Interim CEO Regis Corporation (NYSE:RGS), a leader in the haircare industry, whose primary business is franchising technology-enabled hair salons, today announced that Felipe Athayde, President and Chief Executive Officer, has resigned from the Company. In connection with his resignation, the Board of Directors appointed Matthew Doctor, the Company's Executive Vice President and Chief Strategy Officer, as Interim Chief Executive Officer effective December 23, 2021. Mr. Athayde will remain an employee and a member of the Company's Board of Directors through March 19, 2022. The Board of Directors is commencing a search for a successor President and Chief Executive Office
Regis Corporation (NYSE:RGS), a leader in the haircare industry, whose primary business is franchising technology-enabled hair salons, today announces the appointment of 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) leading the enterprise's web, mobile, app and digital sales and operations as well as the development of next-generation marketing and digital technology. Prior to joining Party City, she was the Chief Information Officer and Chief Digital Officer of UNTUCKit. Ms. Andrews is also the founder of Catalyst Consulting, a boutique advisory firm specializing in "all things
Regis Corporation (NYSE:RGS), a leader in the haircare industry, whose primary business is franchising, owning, and operating technology-enabled hair salons, today announces the appointment of Michael Mansbach to its Board of Directors, effective June 14, 2021. Mr. Mansbach is the former president of MINDBODY, Inc., a technology platform for the fitness, beauty and wellness services industries, which was acquired by Vista Equity Partners. Prior to that he was president of Blue Jeans Network, Inc., a cloud-based video communications company. Mr. Mansbach served as CEO of PunchTab, an engagement and insights platform that Walmart Labs acquired in 2015. He also held several senior management
MINNEAPOLIS--(BUSINESS WIRE)--Regis Corporation (NYSE:RGS), a leader in the haircare industry, whose primary business is franchising, owning, and operating technology-enabled hair salons, announced a brand-centric reorganization effective today, December 2, 2020. The announcement is the first major strategic initiative by the company’s new CEO, Felipe Athayde, and reorients Regis to focus on the performance of its brands and the profitability of its franchisees. As part of the reorganization, the Supercuts® and SmartStyle® brands will each have a Brand President leading dedicated, brand-centric teams. A third business unit, Portfolio Brands (a collection of growth and innovation
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