• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • AI Executive AssistantNEW
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • AI Executive AssistantNEW
  • Settings
  • RSS Feeds
PublishGo to AppAI Helper
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlertsPublish with Us
    Company
    AboutQuantisnow PlusContactJobsAI employees for your businessNEW
    Legal
    Terms of usePrivacy policyCookie policy

    Regis Corporation Reports Continued Profitability for the Fourth Fiscal Quarter and Full Fiscal Year 2023

    8/23/23 6:00:00 AM ET
    $RGS
    Other Consumer Services
    Consumer Discretionary
    Get the next $RGS alert in real time by email

    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 of the strategies we have been implementing. We have largely stabilized the business in a relatively short period of time, and during what remains to be a challenging operating environment for our industry – having gone from an adjusted EBITDA loss of $76.9 million in fiscal 2021, an adjusted EBITDA loss $1.8 million in fiscal 2022, to positive adjusted EBITDA of $21.0 million in fiscal 2023. We continued to reduce costs and generated efficiencies while focusing on our talent, technology, stylist community, and customer marketing to optimize our platform for sustained profitable growth. I am proud of our team and franchisees for their valuable contributions to the year and am excited to make continued progress in fiscal 2024."

    Financial Highlights:

    Fourth quarter fiscal 2023 compared to fourth quarter fiscal 2022:

    • System-wide revenue of $311.8 million decreased $5.0 million from $316.8 million and system-wide same-store sales increased 2.5%;
    • Operating income improved $4.9 million to $3.6 million, from an operating loss of $1.3 million in the 2022 fourth quarter;
    • Franchise adjusted EBITDA of $5.5 million increased $3.0 million from $2.5 million in the 2022 fourth quarter;
    • Net loss of $4.8 million improved $37.8 million from a loss of $42.6 million in the 2022 fourth quarter; and
    • Adjusted EBITDA of $5.2 million increased $4.2 million from $1.0 million in the 2022 fourth quarter.

    Full fiscal year 2023 compared to full fiscal year 2022:

    • System-wide revenue of $1,230.5 million increased $2.0 million from $1,228.5 million and system-wide same-store sales increased 4.4%;
    • Operating income improved $37.7 million to $8.8 million, from an operating loss of $28.9 million in the 2022 fiscal year;
    • Franchise adjusted EBITDA of $22.8 million increased $15.1 million from $7.7 million in the 2022 fiscal year;
    • Net loss of $7.4 million improved $78.5 million from a loss of $85.9 million in the 2022 fiscal year; and
    • Adjusted EBITDA of $21.0 million increased $22.8 million from a loss of $1.8 million in the 2022 fiscal year.

    Fourth Quarter Fiscal Year 2023 Consolidated Results

     

     

     

    Three Months Ended June 30,

     

    Twelve Months Ended June 30,

    (Dollars in millions, except per share data)

     

     

    2023

     

     

     

    2022

     

     

     

    2023

     

     

     

    2022

     

     

     

     

     

     

     

     

     

     

    Consolidated revenue

     

    $

    55.7

     

     

    $

    66.1

     

     

    $

    233.3

     

     

    $

    276.0

     

    System-wide revenue (1)

     

     

    311.8

     

     

     

    316.8

     

     

     

    1,230.5

     

     

     

    1,228.5

     

     

     

     

     

     

     

     

     

     

    System-wide same-store sales comps

     

     

    2.5

    %

     

     

    7.1

    %

     

     

    4.4

    %

     

     

    14.8

    %

     

     

     

     

     

     

     

     

     

    Operating income (loss)

     

    $

    3.6

     

     

    $

    (1.3

    )

     

    $

    8.8

     

     

    $

    (28.9

    )

    Loss from continuing operations

     

     

    (4.8

    )

     

     

    (8.6

    )

     

     

    (11.3

    )

     

     

    (46.5

    )

    Diluted loss per share from continuing operations

     

     

    (0.10

    )

     

     

    (0.19

    )

     

     

    (0.25

    )

     

     

    (1.07

    )

    (Loss) income from discontinued operations

     

     

    —

     

     

     

    (34.1

    )

     

     

    4.0

     

     

     

    (39.4

    )

    Net loss

     

     

    (4.8

    )

     

     

    (42.6

    )

     

     

    (7.4

    )

     

     

    (85.9

    )

    Diluted net loss per share

     

     

    (0.10

    )

     

     

    (0.93

    )

     

     

    (0.16

    )

     

     

    (1.97

    )

    Adjusted EBITDA (2)

     

     

    5.2

     

     

     

    1.0

     

     

     

    21.0

     

     

     

    (1.8

    )

    _____________________________________________________________

    (1)

    Represents total sales within the system.

    (2)

    See GAAP to non-GAAP reconciliations within the attached section titled "Non-GAAP Reconciliations."

    Revenue

    Total revenue in the fourth quarter 2023 of $55.7 million decreased $10.4 million and total revenue in fiscal year 2023 of $233.3 million decreased $42.7 million. The decreases were driven primarily by a reduction in salon count and exiting the product distribution business.

    Operating Income

    Regis reported fourth quarter 2023 income from operations of $3.6 million compared to a loss from operations of $1.3 million in the fourth quarter 2022. Regis reported fiscal year 2023 income from operations of $8.8 million, compared to a loss from operations of $28.9 million in 2022. The year-over-year improvement in operations was driven primarily by our lower general and administrative expense structure and the wind down of loss-generating company-owned salons during the last twelve months.

    Net Loss from Continuing Operations

    Regis reported fourth quarter 2023 net loss from continuing operations of $4.8 million, or $0.10 loss per diluted share, compared to a net loss from continuing operations of $8.6 million, or $0.19 loss per diluted share, in the fourth quarter 2022. Regis reported fiscal year 2023 net loss from continuing operations of $11.3 million, or $0.25 loss per diluted share, compared to a net loss from continuing operations of $46.5 million, or $1.07 loss per diluted share, in 2022. The year-over-year improvement in net loss from continuing operations in both periods was driven primarily by an increase in operating income partially offset by an increase in interest expense.

    Net Loss

    The Company reported a fourth quarter 2023 net loss of $4.8 million, or $0.10 loss per diluted share, compared to a net loss of $42.6 million, or $0.93 loss per diluted share for the same period last year. The Company reported fiscal year 2023 net loss of $7.4 million, or $0.16 loss per diluted share, compared to a net loss of $85.9 million, or $1.97 loss per diluted share, in 2022. The year-over-year improvement in net loss in both periods was driven by the loss on the sale of our point-of-sale system in the prior year.

    Adjusted EBITDA

    Fourth quarter adjusted EBITDA of $5.2 million improved $4.2 million versus adjusted EBITDA of $1.0 million in the same period last year. Fiscal year adjusted EBITDA of $21.0 million improved $22.8 million, versus an adjusted EBITDA loss of $1.8 million in the same period last year. The improvements were driven by lower general and administrative expense and the wind down of loss-generating company-owned salons during the last twelve months. Fiscal year 2023 adjusted EBITDA also benefited from a $1.1 million grant from the state of North Carolina related to COVID-19 relief.

    Fourth Quarter Fiscal Year 2023 Segment Results

     

    Franchise

     

     

     

    Three Months Ended

    June 30,

     

    Increase (Decrease)

     

    Twelve Months Ended

    June 30,

     

    Increase (Decrease)

    (Dollars in millions) (1)

     

     

    2023

     

     

     

    2022

     

     

     

     

    2023

     

     

     

    2022

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    Royalties

     

    $

    16.6

     

     

    $

    17.2

     

     

    $

    (0.6

    )

     

    $

    66.0

     

     

    $

    65.8

     

     

    $

    0.2

     

    Fees

     

     

    3.0

     

     

     

    3.0

     

     

     

    —

     

     

     

    11.3

     

     

     

    11.6

     

     

     

    (0.3

    )

    Product sales to franchisees

     

     

    0.6

     

     

     

    3.3

     

     

     

    (2.7

    )

     

     

    2.8

     

     

     

    15.1

     

     

     

    (12.3

    )

    Advertising fund contributions

     

     

    7.7

     

     

     

    8.4

     

     

     

    (0.7

    )

     

     

    31.7

     

     

     

    32.6

     

     

     

    (0.9

    )

    Franchise rental income

     

     

    25.6

     

     

     

    30.6

     

     

     

    (5.0

    )

     

     

    111.4

     

     

     

    130.8

     

     

     

    (19.4

    )

    Total Franchise revenue

     

    $

    53.5

     

     

    $

    62.5

     

     

    $

    (9.0

    )

     

    $

    223.2

     

     

    $

    255.8

     

     

    $

    (32.6

    )

     

     

     

     

     

     

     

     

     

     

     

     

     

    Franchise same-store sales comps

     

     

    2.4

    %

     

     

    7.2

    %

     

     

     

     

    4.4

    %

     

     

    15.0

    %

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    Franchise adjusted EBITDA

     

    $

    5.5

     

     

    $

    2.5

     

     

    $

    3.0

     

     

    $

    22.8

     

     

    $

    7.7

     

     

    $

    15.1

     

    as a percent of revenue

     

     

    10.2

    %

     

     

    4.1

    %

     

     

     

     

    10.2

    %

     

     

    3.0

    %

     

     

    as a percent of adjusted revenue (2)

     

     

    27.1

    %

     

     

    10.8

    %

     

     

     

     

    28.5

    %

     

     

    8.4

    %

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    Total Franchise salons

     

     

    4,795

     

     

     

    5,395

     

     

     

    (600

    )

     

     

     

     

     

     

    as a percent of total Franchise and Company-owned salons

     

     

    98.6

    %

     

     

    98.1

    %

     

     

     

     

     

     

     

     

    _________________________________________________________

    (1)

    Variances calculated on amounts shown in millions may result in rounding differences.

    (2)

    Adjusted revenue excludes non-margin revenue. See GAAP to non-GAAP reconciliations within the attached section titled "Non-GAAP Reconciliations."

    Franchise Revenue

    Fourth quarter franchise revenue was $53.5 million, a $9.0 million, or 14.4%, decrease compared to the prior year quarter. Non-margin franchise rental income decreased $5.0 million due to fewer salons in the current year. Royalties were $16.6 million, a $0.6 million, or 3.5% decrease, versus the same period last year due to the decline in salon count. Product sales to franchisees of $0.6 million decreased $2.7 million, or 81.8%, as a result of the transition out of the wholesale product business.

    Fiscal year 2023 franchise revenue was $223.2 million, a $32.6 million, or 12.7%, decrease compared to the prior year primarily due to a decline in non-margin franchise rental income as a result of a lower franchise salon count.

    Franchise Adjusted EBITDA

    Fourth quarter franchise adjusted EBITDA of $5.5 million improved $3.0 million year-over-year primarily due to a decrease in general and administrative expense.

    Fiscal year 2023 franchise adjusted EBITDA of $22.8 million improved $15.1 million year-over-year primarily due to a decrease in general and administrative expense.

    Company-Owned Salons

     

     

     

    Three Months Ended

    June 30,

     

    Increase (Decrease)

     

    Twelve Months Ended

    June 30,

     

    Increase (Decrease)

    (Dollars in millions) (1)

     

     

    2023

     

     

     

    2022

     

     

     

     

    2023

     

     

     

    2022

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    Total Company-owned salon revenue

     

    $

    2.2

     

     

    $

    3.6

     

     

    $

    (1.4

    )

     

    $

    10.1

     

     

    $

    20.2

     

     

    $

    (10.1

    )

    Company-owned same-store sales comps

     

     

    8.7

    %

     

     

    (0.8

    )%

     

     

     

     

    4.9

    %

     

     

    3.4

    %

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    Company-owned salon adjusted EBITDA

     

    $

    (0.3

    )

     

    $

    (1.6

    )

     

    $

    1.3

     

     

    $

    (1.8

    )

     

    $

    (9.5

    )

     

    $

    7.7

     

    as a percent of revenue

     

     

    (13.6

    )%

     

     

    (44.4

    )%

     

     

     

     

    (17.8

    )%

     

     

    (47.0

    )%

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    Total Company-owned salons

     

     

    68

     

     

     

    105

     

     

     

    (37

    )

     

     

     

     

     

     

    as a percent of total Franchise and Company-owned salons

     

     

    1.4

    %

     

     

    1.9

    %

     

     

     

     

     

     

     

     

    _________________________________________________________

    (1)

    Variances calculated on amounts shown in millions may result in rounding differences.

    Company-Owned Salon Revenue

    Fourth quarter revenue for the Company-owned salon segment decreased $1.4 million versus the prior year to $2.2 million. The year-over-year decline in revenue was expected and driven by the closure of 37 unprofitable salons over the past twelve months.

    Fiscal year 2023 revenue for the Company-owned salon segment decreased $10.1 million versus the prior year to $10.1 million due to company-owned salons closures.

    Company-Owned Salon Adjusted EBITDA

    Fourth quarter Company-owned salon adjusted EBITDA loss improved $1.3 million year-over-year driven primarily by the closure of unprofitable salons.

    Fiscal year 2023 Company-owned salon adjusted EBITDA loss improved $7.7 million year-over-year driven primarily by the closure of unprofitable salons and includes a $1.1 million grant from the state of North Carolina related to COVID-19 relief in fiscal year 2023.

    Balance Sheet and Cash Flow

    The Company ended fiscal year 2023 with $9.5 million in cash and cash equivalents, $183.3 million in outstanding borrowings and total liquidity of $42.8 million. Net cash used in operating activities for the fiscal year totaled $7.9 million, an improvement of $30.7 million from the prior year. Cash use improved due primarily to lower general and administrative expense.

    Non-GAAP reconciliations

    For GAAP to non-GAAP reconciliations, please refer to the attached section titled "Non-GAAP Reconciliations." A complete reconciliation of reported earnings to adjusted earnings is included in this press release and is available on the Company's website at www.regiscorp.com.

    Earnings Webcast

    Regis Corporation will host a conference call via webcast discussing fourth quarter and fiscal year 2023 results today, August 23, 2023 at 7:30 a.m., Central time. Interested parties are invited to participate in the live webcast by registering for the event at www.regiscorp.com/investor-relations.html. The webcast will include a slide presentation. A replay of the presentation will be available on our website at the same web address.

    About Regis Corporation

    Regis Corporation (NYSE:RGS) is a leader in the haircare industry. As of June 30, 2023, the Company franchised or owned 4,863 locations. Regis' franchised and corporate locations operate under concepts such as Supercuts®, SmartStyle®, Cost Cutters®, Roosters® and First Choice Haircutters®. For additional information about the Company, including a reconciliation of certain non-GAAP financial information and certain supplemental financial information, please visit the Investor Information section of the corporate website at www.regiscorp.com.

    This press release contains or may contain "forward-looking statements" within the meaning of the federal securities laws, including statements concerning anticipated future events and expectations that are not historical facts. These forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements in this document reflect management's best judgment at the time they are made, but all such statements are subject to numerous risks and uncertainties, which could cause actual results to differ materially from those expressed in or implied by the statements herein. Such forward-looking statements are often identified herein by use of words including, but not limited to, "may," "believe," "project," "forecast," "expect," "estimate," "anticipate," and "plan." In addition, the following factors could affect the Company's actual results and cause such results to differ materially from those expressed in forward-looking statements. These uncertainties include a potential material adverse impact on our business and results of operations as a result of changes in consumer shopping trends and changes in manufacturer distribution channels; laws and regulations could require us to modify current business practices and incur increased costs including increases in minimum wages; our potential responsibility for Empire Education Group, Inc.'s liabilities; changes in general economic environment; changes in consumer tastes, hair product innovation, fashion trends and consumer spending patterns; compliance with New York Stock Exchange listing requirements; reliance on franchise royalties and overall success of our franchisees' salons; our salons' dependence on a third-party supplier agreement for merchandise; our franchisees' ability to attract, train and retain talented stylists and salon leaders; the success of our franchisees, which operate independently; data security and privacy compliance and our ability to manage cyber threats and protect the security of potentially sensitive information about our guests, franchisees, employees, vendors or Company information; the ability of the Company to maintain a satisfactory relationship with Walmart; marketing efforts to drive traffic to our franchisees' salons; the successful migration of our franchisees to the Zenoti salon technology platform; our ability to maintain and enhance the value of our brands; reliance on information technology systems; reliance on external vendors; the use of social media; the effectiveness of our enterprise risk management program; ability to generate sufficient cash flow to satisfy our debt service obligations; compliance with covenants in our financing arrangement, access to the existing revolving credit facility, and acceleration of our obligation to repay our indebtedness; limited resources to invest in our business; premature termination of agreements with our franchisees; financial performance of Empire Education Group, Inc.; the continued ability of the Company to implement cost reduction initiatives and achieve expected cost savings; continued ability to compete in our business markets; reliance on our management team and other key personnel; the continued ability to maintain an effective system of internal control over financial reporting; changes in tax exposure; the ability to use U.S. net operating loss carryforwards; potential litigation and other legal or regulatory proceedings; or other factors not listed above. Additional information concerning potential factors that could affect future financial results is set forth under Item 1A of Form 10-K. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. However, your attention is directed to any further disclosures made in our subsequent annual and periodic reports filed or furnished with the SEC on Forms 10-K, 10-Q and 8-K and Proxy Statements on Schedule 14A.

    REGIS CORPORATION

    CONDENSED CONSOLIDATED BALANCE SHEETS

    (Dollars in thousands, except per share data)

     

     

     

    June 30,

     

     

     

    2023

     

     

     

    2022

     

     

     

     

     

     

    ASSETS

     

     

     

     

    Current assets:

     

     

     

     

    Cash and cash equivalents

     

    $

    9,508

     

     

    $

    17,041

     

    Receivables, net

     

     

    10,885

     

     

     

    14,531

     

    Inventories

     

     

    1,681

     

     

     

    3,109

     

    Other current assets

     

     

    15,164

     

     

     

    13,984

     

    Total current assets

     

     

    37,238

     

     

     

    48,665

     

     

     

     

     

     

    Property and equipment, net

     

     

    6,422

     

     

     

    12,835

     

    Goodwill

     

     

    173,791

     

     

     

    174,360

     

    Other intangibles, net

     

     

    2,783

     

     

     

    3,226

     

    Right of use asset

     

     

    360,836

     

     

     

    493,749

     

    Other assets

     

     

    26,307

     

     

     

    36,465

     

    Total assets

     

    $

    607,377

     

     

    $

    769,300

     

     

     

     

     

     

    LIABILITIES AND SHAREHOLDERS' DEFICIT

     

     

     

     

    Current liabilities:

     

     

     

     

    Accounts payable

     

    $

    14,309

     

     

    $

    15,860

     

    Accrued expenses

     

     

    30,109

     

     

     

    33,784

     

    Short-term lease liability

     

     

    81,917

     

     

     

    103,196

     

    Total current liabilities

     

     

    126,335

     

     

     

    152,840

     

     

     

     

     

     

    Long-term debt, net

     

     

    176,830

     

     

     

    179,994

     

    Long-term lease liability

     

     

    291,901

     

     

     

    408,445

     

    Other non-current liabilities

     

     

    49,041

     

     

     

    58,974

     

    Total liabilities

     

     

    644,107

     

     

     

    800,253

     

    Commitments and contingencies

     

     

     

     

    Shareholders' deficit:

     

     

     

     

    Common stock, $0.05 par value; issued and outstanding, 45,566,228 and 45,510,245 common shares as of June 30, 2023 and 2022, respectively

     

     

    2,278

     

     

     

    2,276

     

    Additional paid-in capital

     

     

    64,600

     

     

     

    62,562

     

    Accumulated other comprehensive income

     

     

    9,023

     

     

     

    9,455

     

    Accumulated deficit

     

     

    (112,631

    )

     

     

    (105,246

    )

    Total shareholders' deficit

     

     

    (36,730

    )

     

     

    (30,953

    )

    Total liabilities and shareholders' deficit

     

    $

    607,377

     

     

    $

    769,300

     

    REGIS CORPORATION

    CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

    (Dollars and shares in thousands, except per share data)

     

     

     

    Three Months Ended

    June 30,

     

    Twelve Months Ended

    June 30,

     

     

     

    2023

     

     

     

    2022

     

     

     

    2023

     

     

     

    2022

     

     

     

     

     

     

     

     

     

     

    Revenues:

     

     

     

     

     

     

     

     

    Royalties

     

    $

    16,607

     

     

    $

    17,227

     

     

    $

    65,981

     

     

    $

    65,753

     

    Fees

     

     

    2,965

     

     

     

    2,954

     

     

     

    11,266

     

     

     

    11,587

     

    Product sales to franchisees

     

     

    608

     

     

     

    3,343

     

     

     

    2,802

     

     

     

    15,072

     

    Advertising fund contributions

     

     

    7,744

     

     

     

    8,360

     

     

     

    31,747

     

     

     

    32,573

     

    Franchise rental income

     

     

    25,596

     

     

     

    30,577

     

     

     

    111,441

     

     

     

    130,777

     

    Company-owned salon revenue

     

     

    2,195

     

     

     

    3,608

     

     

     

    10,089

     

     

     

    20,205

     

    Total revenue

     

     

    55,715

     

     

     

    66,069

     

     

     

    233,326

     

     

     

    275,967

     

    Operating expenses:

     

     

     

     

     

     

     

     

    Cost of product sales to franchisees

     

     

    715

     

     

     

    4,172

     

     

     

    3,540

     

     

     

    17,391

     

    Inventory reserve

     

     

    —

     

     

     

    1,235

     

     

     

    1,228

     

     

     

    7,655

     

    General and administrative

     

     

    11,544

     

     

     

    14,566

     

     

     

    50,751

     

     

     

    65,274

     

    Rent

     

     

    3,276

     

     

     

    3,368

     

     

     

    9,196

     

     

     

    9,357

     

    Advertising fund expense

     

     

    7,744

     

     

     

    8,360

     

     

     

    31,747

     

     

     

    32,573

     

    Franchise rent expense

     

     

    25,596

     

     

     

    30,577

     

     

     

    111,441

     

     

     

    130,777

     

    Company-owned salon expense (1)

     

     

    1,536

     

     

     

    3,648

     

     

     

    8,827

     

     

     

    21,952

     

    Depreciation and amortization

     

     

    1,664

     

     

     

    1,458

     

     

     

    7,716

     

     

     

    6,224

     

    Long-lived asset impairment

     

     

    65

     

     

     

    —

     

     

     

    101

     

     

     

    542

     

    Goodwill impairment

     

     

    —

     

     

     

    —

     

     

     

    —

     

     

     

    13,120

     

    Total operating expenses

     

     

    52,140

     

     

     

    67,384

     

     

     

    224,547

     

     

     

    304,865

     

     

     

     

     

     

     

     

     

     

    Operating income (loss)

     

     

    3,575

     

     

     

    (1,315

    )

     

     

    8,779

     

     

     

    (28,898

    )

     

     

     

     

     

     

     

     

     

    Other (expense) income:

     

     

     

     

     

     

     

     

    Interest expense

     

     

    (9,018

    )

     

     

    (3,292

    )

     

     

    (22,141

    )

     

     

    (12,914

    )

    Loss from sale of salon assets to franchisees, net

     

     

    —

     

     

     

    (145

    )

     

     

    —

     

     

     

    (2,334

    )

    Other, net

     

     

    198

     

     

     

    (309

    )

     

     

    1,364

     

     

     

    (296

    )

     

     

     

     

     

     

     

     

     

    Loss from operations before income taxes

     

     

    (5,245

    )

     

     

    (5,061

    )

     

     

    (11,998

    )

     

     

    (44,442

    )

     

     

     

     

     

     

     

     

     

    Income tax benefit (expense)

     

     

    442

     

     

     

    (3,499

    )

     

     

    655

     

     

     

    (2,017

    )

     

     

     

     

     

     

     

     

     

    Loss from continuing operations

     

     

    (4,803

    )

     

     

    (8,560

    )

     

     

    (11,343

    )

     

     

    (46,459

    )

     

     

     

     

     

     

     

     

     

    (Loss) income from discontinued operations, net of income taxes

     

     

    —

     

     

     

    (34,073

    )

     

     

    3,958

     

     

     

    (39,398

    )

     

     

     

     

     

     

     

     

     

    Net loss

     

    $

    (4,803

    )

     

    $

    (42,633

    )

     

    $

    (7,385

    )

     

    $

    (85,857

    )

     

     

     

     

     

     

     

     

     

    Net loss per share:

     

     

     

     

     

     

     

     

    Basic and diluted:

     

     

     

     

     

     

     

     

    Loss from continuing operations

     

    $

    (0.10

    )

     

    $

    (0.19

    )

     

    $

    (0.25

    )

     

    $

    (1.07

    )

    (Loss) income from discontinued operations

     

     

    0.00

     

     

     

    (0.74

    )

     

     

    0.09

     

     

     

    (0.90

    )

    Net loss per share, basic and diluted (2)

     

    $

    (0.10

    )

     

    $

    (0.93

    )

     

    $

    (0.16

    )

     

    $

    (1.97

    )

     

     

     

     

     

     

     

     

     

    Weighted average common and common equivalent shares outstanding:

     

     

     

     

     

     

     

     

    Basic and diluted

     

     

    46,461

     

     

     

    45,969

     

     

     

    46,235

     

     

     

    43,582

     

    __________________________________________________________

    (1)

    Includes cost of service and product sold to guests in our Company-owned salons. Excludes general and administrative expense, rent and depreciation and amortization related to Company-owned salons.

    (2)

    Total is a recalculation; line items calculated individually may not sum to total due to rounding.

    REGIS CORPORATION

    CONSOLIDATED STATEMENTS OF CASH FLOWS

    (Dollars in thousands)

     

     

     

    Twelve Months Ended June 30,

     

     

     

    2023

     

     

     

    2022

     

     

     

     

     

     

    Cash flows from operating activities:

     

     

     

     

    Net loss

     

    $

    (7,385

    )

     

    $

    (85,857

    )

    Adjustments to reconcile net loss to net cash used in operating activities

     

     

     

     

    (Gain) loss from sale of OSP

     

     

    (4,562

    )

     

     

    36,143

     

    Depreciation and amortization

     

     

    7,189

     

     

     

    6,504

     

    Long-lived asset impairment

     

     

    101

     

     

     

    542

     

    Deferred income taxes

     

     

    (8

    )

     

     

    391

     

    Inventory reserve

     

     

    1,228

     

     

     

    10,478

     

    Non-cash interest

     

     

    3,790

     

     

     

    —

     

    Loss from sale of salon assets to franchisees, net

     

     

    —

     

     

     

    2,334

     

    Goodwill impairment

     

     

    —

     

     

     

    16,000

     

    Stock-based compensation

     

     

    2,316

     

     

     

    1,334

     

    Amortization of debt discount and financing costs

     

     

    2,891

     

     

     

    1,839

     

    Other non-cash items affecting earnings

     

     

    155

     

     

     

    709

     

    Changes in operating assets and liabilities (1):

     

     

     

     

    Receivables

     

     

    943

     

     

     

    11,896

     

    Inventories

     

     

    (182

    )

     

     

    7,886

     

    Income tax receivable

     

     

    (577

    )

     

     

    1,118

     

    Other current assets

     

     

    850

     

     

     

    2,118

     

    Other assets

     

     

    6,818

     

     

     

    2,703

     

    Accounts payable

     

     

    (497

    )

     

     

    (10,966

    )

    Accrued expenses

     

     

    (6,151

    )

     

     

    (21,983

    )

    Net lease liabilities

     

     

    (4,991

    )

     

     

    (5,960

    )

    Other non-current liabilities

     

     

    (9,817

    )

     

     

    (15,867

    )

    Net cash used in operating activities:

     

     

    (7,889

    )

     

     

    (38,638

    )

    Cash flows from investing activities:

     

     

     

     

    Capital expenditures

     

     

    (481

    )

     

     

    (5,316

    )

    Net proceeds from sale of OSP

     

     

    4,500

     

     

     

    13,000

     

    Net cash provided by investing activities:

     

     

    4,019

     

     

     

    7,684

     

    Cash flows from financing activities:

     

     

     

     

    Borrowings on credit facility

     

     

    13,357

     

     

     

    10,000

     

    Repayments of long-term debt

     

     

    (11,083

    )

     

     

    (16,916

    )

    Debt refinancing fees

     

     

    (4,383

    )

     

     

    —

     

    Proceeds from issuance of common stock, net of offering costs

     

     

    —

     

     

     

    37,185

     

    Taxes paid for shares withheld

     

     

    (36

    )

     

     

    (845

    )

    Net cash (used in) provided by financing activities:

     

     

    (2,145

    )

     

     

    29,424

     

    Effect of exchange rate changes on cash and cash equivalents

     

     

    (53

    )

     

     

    (158

    )

    Decrease in cash, cash equivalents and restricted cash

     

     

    (6,068

    )

     

     

    (1,688

    )

    Cash, cash equivalents and restricted cash:

     

     

     

     

    Beginning of year

     

     

    27,464

     

     

     

    29,152

     

    End of year

     

    $

    21,396

     

     

    $

    27,464

     

    __________________________________________________________

    (1)

    Changes in operating assets and liabilities exclude assets and liabilities sold or acquired.

    SYSTEM-WIDE SAME-STORE SALES (1):

     

     

     

    Three Months Ended

     

     

    June 30, 2023

     

    June 30, 2022

     

     

    Service

     

    Retail

     

    Total

     

    Service

     

    Retail

     

    Total

     

     

     

     

     

     

     

     

     

     

     

     

     

    Supercuts

     

    4.5

    %

     

    (2.4

    )%

     

    4.2

    %

     

    14.4

    %

     

    (11.8

    )%

     

    13.0

    %

    SmartStyle

     

    (1.9

    )

     

    (9.7

    )

     

    (3.4

    )

     

    1.5

     

     

    (17.9

    )

     

    (2.7

    )

    Portfolio Brands

     

    4.2

     

     

    (0.4

    )

     

    3.8

     

     

    6.5

     

     

    (5.5

    )

     

    5.3

     

    Total

     

    3.2

    %

     

    (5.3

    )%

     

    2.5

    %

     

    9.6

    %

     

    (13.4

    )%

     

    7.1

    %

     

     

    Twelve Months Ended

     

     

    June 30, 2023

     

    June 30, 2022

     

     

    Service

     

    Retail

     

    Total

     

    Service

     

    Retail

     

    Total

     

     

     

     

     

     

     

     

     

     

     

     

     

    Supercuts

     

    7.5

    %

     

    (5.2

    )%

     

    6.9

    %

     

    23.8

    %

     

    (5.6

    )%

     

    22.1

    %

    SmartStyle

     

    0.1

     

     

    (12.8

    )

     

    (2.5

    )

     

    10.7

     

     

    (10.5

    )

     

    5.7

     

    Portfolio Brands

     

    6.4

     

     

    (3.7

    )

     

    5.5

     

     

    13.0

     

     

    (3.4

    )

     

    11.2

     

    Total

     

    5.7

    %

     

    (8.5

    )%

     

    4.4

    %

     

    17.8

    %

     

    (7.5

    )%

     

    14.8

    %

    ___________________________________________________________

    (1)

    System-wide same-store sales are calculated as the total change in sales for system-wide franchise and company-owned locations that were open on a specific day of the week during the current period and the corresponding prior period. Quarterly and year-to-date system-wide same-store sales are the sum of the system-wide same-store sales computed on a daily basis. Franchise salons that do not report daily sales are excluded from same-store sales. System-wide same-store sales are calculated in local currencies to remove foreign currency fluctuations from the calculation.

    REGIS CORPORATION

    System-Wide Location Counts

     

     

     

    June 30,

     

     

    2023

     

     

    2022

     

     

     

     

     

     

    FRANCHISE SALONS:

     

     

     

     

    Supercuts

     

    2,082

     

     

    2,264

     

    SmartStyle/Cost Cutters in Walmart stores

     

    1,388

     

     

    1,646

     

    Portfolio Brands

     

    1,223

     

     

    1,344

     

    Total North American salons

     

    4,693

     

     

    5,254

     

    Total International salons (1)

     

    102

     

     

    141

     

    Total Franchise salons

     

    4,795

     

     

    5,395

     

    as a percent of total Franchise and Company-owned salons

     

    98.6

    %

     

    98.1

    %

     

     

     

     

     

    COMPANY-OWNED SALONS:

     

     

     

     

    Supercuts

     

    7

     

     

    18

     

    SmartStyle/Cost Cutters in Walmart stores

     

    48

     

     

    49

     

    Portfolio Brands

     

    13

     

     

    38

     

    Total Company-owned salons

     

    68

     

     

    105

     

    as a percent of total Franchise and Company-owned salons

     

    1.4

    %

     

    1.9

    %

     

     

     

     

     

    Total Franchise and Company-owned salons

     

    4,863

     

     

    5,500

     

    ___________________________________________________________

    (1)

    Canadian and Puerto Rican salons are included in the North American salon totals.

    Non-GAAP Reconciliations:

    This press release includes a presentation of operating income excluding certain non-cash charges, adjusted EBITDA and adjusted Franchise revenue, which are non-GAAP measures. The non-GAAP measures are financial measures that do not reflect United States Generally Accepted Accounting Principles (GAAP). We believe our presentation of the non-GAAP measures provides meaningful insight into our ongoing operating performance and a supplemental perspective of our results of operations. Presentation of the non-GAAP measures allows investors to review our core ongoing operating performance from the same perspective as management and the Board of Directors. These non-GAAP financial measures provide investors an enhanced understanding of our operations, facilitate investors' analyses and comparisons of our current and past results of operations and provide insight into the prospects of our future performance. We also believe the non-GAAP measures are useful to investors because they provide supplemental information that research analysts frequently use to analyze financial performance.

    Items impacting comparability are not defined terms within U.S. GAAP. Therefore, our non-GAAP financial information may not be comparable to similarly titled measures reported by other companies. We determine the items to consider as "items impacting comparability" based on how management views our business, makes financial, operating and planning decisions and evaluates the Company's ongoing performance.

    The reconciliation of U.S. GAAP operating income to non-GAAP operating income excluding certain non-cash charges is included in the release.

    The following items have been excluded from our non-GAAP adjusted EBITDA results: discontinued operations, non-recurring non-operating income, distribution center wind down fees, CEO transition costs, inventory reserve, goodwill impairment, one-time professional fees and settlements, severance expense, the benefit from lease liability decreases in excess of previously impaired right of use asset, lease termination fees and asset retirement obligation costs.

    We present adjusted revenue to provide a meaningful Franchise adjusted EBITDA margin, which removes non-margin revenue from total revenue to arrive at an adjusted margin. Margin is a common metric used by investors, however, the majority of our revenue is offset by equal expense, so it does not contribute to our margin. We remove the non-margin revenue from this metric in order to show a meaningful margin rate.

    The method we use to produce non-GAAP results is not in accordance with U.S. GAAP and may differ from methods used by other companies. These non-GAAP results should not be regarded as a substitute for corresponding U.S. GAAP measures, but instead should be utilized as a supplemental measure of operating performance in evaluating our business. Non-GAAP measures do have limitations as they do not reflect certain items that may have a material impact upon our reported financial results. As such, these non-GAAP measures should be viewed in conjunction with our financial statements prepared in accordance with U.S. GAAP.

    REGIS CORPORATION

    Reconciliation of U.S. GAAP Net Loss to Adjusted EBITDA

    (Dollars in thousands)

    (Unaudited)

     

     

     

    Three Months Ended June 30,

     

    Twelve Months Ended June 30,

     

     

     

    2023

     

     

     

    2022

     

     

     

    2023

     

     

     

    2022

     

     

     

     

     

     

     

     

     

     

    Consolidated reported net loss, as reported (U.S. GAAP)

     

    $

    (4,803

    )

     

    $

    (42,633

    )

     

    $

    (7,385

    )

     

    $

    (85,857

    )

    Interest expense, as reported

     

     

    9,018

     

     

     

    3,292

     

     

     

    22,141

     

     

     

    12,914

     

    Income taxes, as reported

     

     

    (442

    )

     

     

    3,499

     

     

     

    (655

    )

     

     

    2,017

     

    Depreciation and amortization, as reported

     

     

    1,664

     

     

     

    1,458

     

     

     

    7,716

     

     

     

    6,224

     

    Long-lived asset impairment, as reported

     

     

    65

     

     

     

    —

     

     

     

    101

     

     

     

    542

     

    EBITDA

     

    $

    5,502

     

     

    $

    (34,384

    )

     

    $

    21,918

     

     

    $

    (64,160

    )

     

     

     

     

     

     

     

     

     

    Inventory reserve

     

     

    —

     

     

     

    1,235

     

     

     

    1,228

     

     

     

    7,655

     

    CEO transition

     

     

    —

     

     

     

    —

     

     

     

    —

     

     

     

    (466

    )

    Distribution center fees

     

     

    —

     

     

     

    —

     

     

     

    —

     

     

     

    285

     

    Professional fees and legal settlements

     

     

    —

     

     

     

    280

     

     

     

    1,248

     

     

     

    2,140

     

    Severance

     

     

    (132

    )

     

     

    59

     

     

     

    720

     

     

     

    2,074

     

    Lease liability benefit

     

     

    (258

    )

     

     

    (336

    )

     

     

    (1,773

    )

     

     

    (3,620

    )

    Lease termination fees

     

     

    56

     

     

     

    32

     

     

     

    1,627

     

     

     

    1,835

     

    Real estate fees

     

     

    —

     

     

     

    —

     

     

     

    —

     

     

     

    40

     

    Goodwill impairment

     

     

    —

     

     

     

    —

     

     

     

    —

     

     

     

    13,120

     

    Non-recurring, non-operating income

     

     

    —

     

     

     

    —

     

     

     

    —

     

     

     

    (100

    )

    Discontinued operations

     

     

    —

     

     

     

    34,073

     

     

     

    (3,958

    )

     

     

    39,398

     

    Adjusted EBITDA, non-GAAP financial measure

     

    $

    5,168

     

     

    $

    959

     

     

    $

    21,010

     

     

    $

    (1,799

    )

    REGIS CORPORATION

    Reconciliation of Reported Franchise Adjusted EBITDA as a Percent of GAAP Franchise Revenue

    to Franchise Adjusted EBITDA as a Percent of Adjusted Franchise Revenue

    (Dollars in thousands)

    (Unaudited)

     

     

    Three Months Ended June 30,

     

    Twelve Months Ended June 30,

     

     

     

    2023

     

     

     

    2022

     

     

     

    2023

     

     

     

    2022

     

     

     

     

     

     

     

     

     

     

    Franchise adjusted EBITDA

     

    $

    5,460

     

     

    $

    2,538

     

     

    $

    22,799

     

     

    $

    7,730

     

    GAAP Franchise revenue

     

     

    53,520

     

     

     

    62,461

     

     

     

    223,237

     

     

     

    255,762

     

    Franchise adjusted EBITDA as a percent of GAAP Franchise revenue

     

     

    10.2

    %

     

     

    4.1

    %

     

     

    10.2

    %

     

     

    3.0

    %

    Non-margin revenue adjustments:

     

     

     

     

     

     

     

     

    Franchise rental income

     

    $

    (25,596

    )

     

    $

    (30,577

    )

     

    $

    (111,441

    )

     

    $

    (130,777

    )

    Advertising fund contributions

     

     

    (7,744

    )

     

     

    (8,360

    )

     

     

    (31,747

    )

     

     

    (32,573

    )

    Adjusted Franchise revenue

     

    $

    20,180

     

     

    $

    23,524

     

     

    $

    80,049

     

     

    $

    92,412

     

    Franchise adjusted EBITDA as a percent of adjusted Franchise revenue

     

     

    27.1

    %

     

     

    10.8

    %

     

     

    28.5

    %

     

     

    8.4

    %

     

    View source version on businesswire.com: https://www.businesswire.com/news/home/20230823638355/en/

    Get the next $RGS alert in real time by email

    Crush Q3 2025 with the Best AI Executive Assistant

    Stay ahead of the competition with Tailforce.ai - your AI-powered business intelligence partner.

    AI-Powered Inbox
    Context-aware email replies
    Strategic Decision Support
    Get Started with Tailforce.ai

    Recent Analyst Ratings for
    $RGS

    DatePrice TargetRatingAnalyst
    More analyst ratings

    $RGS
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • Regis Corporation Announces Leadership Transition

      Matthew Doctor Steps Down as CEO Following Transformative Tenure Long-Time EVP Jim Lain Named Interim CEO Same-Store Sales for Supercuts and Regis Consolidated Up 3.0% and 1.3%, respectively, for First Two Months of Fourth Quarter Regis Corporation (NASDAQGM:RGS), a leader in the haircare industry, today announced that Matthew Doctor has made the decision to step down from his roles as President, Chief Executive Officer and Director of the company effective June 30, 2025. The Board of Directors has appointed Jim Lain, current EVP Brand Operations – Supercuts and Cost Cutters, to serve as interim President and CEO while the company conducts a comprehensive search for a permanent succes

      6/23/25 6:30:00 AM ET
      $RGS
      Other Consumer Services
      Consumer Discretionary
    • Regis Corporation Reports Financial Results for the Third Fiscal Quarter 2025

      Delivered Improvement Across All Profitability Metrics Generated $6.2 Million in Cash from Operations in Q3 - Two Consecutive Quarters of Cash from Operations for the First Time Since Q1 2018 Advances Transformational Strategy to Drive Sustainable, Profitable Growth Regis Corporation (NASDAQGM:RGS), a leader in the haircare industry, today announced financial results for the third fiscal quarter ended March 31, 2025. Matthew Doctor, Regis Corporation's President and Chief Executive Officer, commented, "Our results for the third fiscal quarter demonstrate meaningful progress towards the transformation of our business. We delivered a 22.0% increase in operating profit, 33.1% increase in A

      5/13/25 6:00:00 AM ET
      $RGS
      Other Consumer Services
      Consumer Discretionary
    • Regis to Issue Third Quarter Fiscal 2025 Results on May 13, 2025

      Regis Corporation (NASDAQGM:RGS), a leader in the haircare industry, will issue financial results for the third fiscal quarter ended March 31, 2025, before the market opens on May 13, 2025. 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. Investors with questions they would like addressed during the earnings call may submit them in adva

      4/29/25 6:00:00 AM ET
      $RGS
      Other Consumer Services
      Consumer Discretionary

    $RGS
    SEC Filings

    See more
    • SEC Form 8-K filed by Regis Corporation

      8-K - REGIS CORP (0000716643) (Filer)

      6/23/25 6:46:41 AM ET
      $RGS
      Other Consumer Services
      Consumer Discretionary
    • SEC Form 10-Q filed by Regis Corporation

      10-Q - REGIS CORP (0000716643) (Filer)

      5/13/25 6:05:49 AM ET
      $RGS
      Other Consumer Services
      Consumer Discretionary
    • Regis Corporation filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

      8-K - REGIS CORP (0000716643) (Filer)

      5/13/25 6:02:23 AM ET
      $RGS
      Other Consumer Services
      Consumer Discretionary

    $RGS
    Financials

    Live finance-specific insights

    See more
    • Regis Corporation Reports Financial Results for the Third Fiscal Quarter 2025

      Delivered Improvement Across All Profitability Metrics Generated $6.2 Million in Cash from Operations in Q3 - Two Consecutive Quarters of Cash from Operations for the First Time Since Q1 2018 Advances Transformational Strategy to Drive Sustainable, Profitable Growth Regis Corporation (NASDAQGM:RGS), a leader in the haircare industry, today announced financial results for the third fiscal quarter ended March 31, 2025. Matthew Doctor, Regis Corporation's President and Chief Executive Officer, commented, "Our results for the third fiscal quarter demonstrate meaningful progress towards the transformation of our business. We delivered a 22.0% increase in operating profit, 33.1% increase in A

      5/13/25 6:00:00 AM ET
      $RGS
      Other Consumer Services
      Consumer Discretionary
    • Regis Corporation Reports Improved Profitability for the Second Fiscal Quarter 2025 and Positive Cash from Operations

      Continues to position Regis for future growth with the integration of the Alline Salon Group acquisition Regis Corporation (NASDAQGM:RGS), a leader in the haircare industry, today announced financial results for the second fiscal quarter ended December 31, 2024. Matthew Doctor, Regis Corporation's President and Chief Executive Officer, commented, "Our business has undergone a remarkable transformation over a short period of time. The Alline acquisition that was completed at the end of the fiscal quarter marks yet another step to position Regis to deliver future growth by adding several profitability and cash flow levers that complement our franchise business, creating a well-diversified

      2/12/25 6:00:00 AM ET
      $RGS
      Other Consumer Services
      Consumer Discretionary
    • Regis Corporation Acquires Alline Salon Group Adding $83M Revenue and $5.8M EBITDA

      Strategic acquisition of 314 salons strengthens operational footprint while maintaining asset-light model with 93% franchise base Regis Corporation (NASDAQGM:RGS), a leader in the haircare industry, announces the acquisition of Alline Salon Group (ASG), its largest franchisee, in a transaction valued at $22 million of initial consideration, with the ability for ASG to earn an additional $3 million ($1 million annually) through earn out payments over the next three years. Highlights 314 salon portfolio operating under the Supercuts, Cost Cutters and Holiday Hair brands across five states, primarily Michigan, Ohio and Pennsylvania Trailing Twelve Month October 2024 ("TTM") financial

      12/19/24 6:00:00 AM ET
      $RGS
      Other Consumer Services
      Consumer Discretionary

    $RGS
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • Regis upgraded by Loop Capital

      Loop Capital upgraded Regis from Hold to Buy

      2/1/21 6:42:27 AM ET
      $RGS
      Other Consumer Services
      Consumer Discretionary
    • Regis downgraded by Jefferies

      Jefferies downgraded Regis from Buy to Hold and set a new price target of $10

      1/22/21 6:07:19 AM ET
      $RGS
      Other Consumer Services
      Consumer Discretionary

    $RGS
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Director Lintonsmith Susan was granted 2,752 shares (SEC Form 4)

      4 - REGIS CORP (0000716643) (Issuer)

      1/17/25 4:06:11 PM ET
      $RGS
      Other Consumer Services
      Consumer Discretionary
    • SEC Form 3 filed by new insider Lintonsmith Susan

      3 - REGIS CORP (0000716643) (Issuer)

      1/17/25 4:05:04 PM ET
      $RGS
      Other Consumer Services
      Consumer Discretionary
    • EVP, Brand Operations Lain Jim Brian was granted 5,400 shares, increasing direct ownership by 143% to 9,188 units (SEC Form 4)

      4 - REGIS CORP (0000716643) (Issuer)

      11/26/24 5:28:14 PM ET
      $RGS
      Other Consumer Services
      Consumer Discretionary

    $RGS
    Leadership Updates

    Live Leadership Updates

    See more
    • Regis Corporation Announces Leadership Transition

      Matthew Doctor Steps Down as CEO Following Transformative Tenure Long-Time EVP Jim Lain Named Interim CEO Same-Store Sales for Supercuts and Regis Consolidated Up 3.0% and 1.3%, respectively, for First Two Months of Fourth Quarter Regis Corporation (NASDAQGM:RGS), a leader in the haircare industry, today announced that Matthew Doctor has made the decision to step down from his roles as President, Chief Executive Officer and Director of the company effective June 30, 2025. The Board of Directors has appointed Jim Lain, current EVP Brand Operations – Supercuts and Cost Cutters, to serve as interim President and CEO while the company conducts a comprehensive search for a permanent succes

      6/23/25 6:30:00 AM ET
      $RGS
      Other Consumer Services
      Consumer Discretionary
    • Regis Corporation Appoints Susan Lintonsmith to Its Board of Directors

      Regis Corporation (NASDAQGM:RGS), a leader in the haircare industry, today announces the appointment of Susan Lintonsmith to its Board of Directors, effective January 15, 2025. Ms. Lintonsmith spent most of her career in the food and beverage industry with key companies including Pizza Hut, Coca-Cola, Horizon Organic, Red Robin, and Quiznos. She served as the Chief Marketing Officer at Quiznos before moving into the Chief Executive Officer role in 2016. Ms. Lintonsmith then moved into the health and wellness industry in 2019 where she was the CEO for Elements Massage, a leading company in the massage therapy industry. She currently works with a European Wax Center franchisee. Michael Merr

      1/15/25 6:00:00 AM ET
      $RGS
      Other Consumer Services
      Consumer Discretionary
    • Regis Corporation Appoints Nancy Benacci to Its Board of Directors

      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

      5/3/23 7:30:00 AM ET
      $CINF
      $RGS
      Property-Casualty Insurers
      Finance
      Other Consumer Services
      Consumer Discretionary

    $RGS
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • Amendment: SEC Form SC 13G/A filed by Regis Corporation

      SC 13G/A - REGIS CORP (0000716643) (Subject)

      11/14/24 10:03:39 AM ET
      $RGS
      Other Consumer Services
      Consumer Discretionary
    • SEC Form SC 13G filed by Regis Corporation

      SC 13G - REGIS CORP (0000716643) (Subject)

      10/11/24 8:01:39 PM ET
      $RGS
      Other Consumer Services
      Consumer Discretionary
    • Amendment: SEC Form SC 13D/A filed by Regis Corporation

      SC 13D/A - REGIS CORP (0000716643) (Subject)

      7/18/24 12:34:06 PM ET
      $RGS
      Other Consumer Services
      Consumer Discretionary