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Regis Corporation reported positive net income and improved adjusted EBITDA for the first fiscal quarter of 2024. The company's Board of Directors intends to evaluate a range of strategic alternatives.
System-wide revenue decreased to $306.6 million, while system-wide same-store sales increased by 1.8%.
Operating income increased to $7.4 million.
Net income from continuing operations increased to $1.2 million.
Adjusted EBITDA improved to $7.5 million.
The Board of Directors intends to evaluate a range of strategic alternatives available to the Company.
Visualization of income flow from segment revenue to net income