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Sep 30, 2022
Regis Q1 2023 Earnings Report
Regis reported operating profit for the first time in 16 quarters.
Key Takeaways
Regis Corporation reported a positive first quarter with system-wide same-store sales increasing by 4.5% and operating profit improving by $7.4 million to $2.5 million. The company's net income also improved by $11.9 million to $1.5 million.
System-wide same-store sales increased 4.5% in the quarter.
Operating profit improved $7.4 million to $2.5 million.
Net income of $1.5 million improved $11.9 million from a loss of $10.4 million.
Successfully renegotiated debt including amendment to our credit agreement and extension of the maturity date from March 2023 to August 2025.
Revenue by Segment
Forward Guidance
The company plans to build upon the work done to improve the operating platform and provide franchisees with the tools required to profitably drive sales and productivity at the salon level. They will invest in marketing activities to increase customer traffic and intensify stylist recruitment and education efforts.
Positive Outlook
- Improve operating platform.
- Provide franchisees with the tools required to profitably drive sales.
- Provide franchisees with the tools required to drive productivity at the salon level.
- Invest in marketing activities to increase customer traffic.
- Intensify stylist recruitment and education efforts.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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