Regis Corporation reported a decrease in consolidated revenue to $46.1 million compared to $53.4 million in the prior year, driven by lower store count and same-store sales. The company experienced a net loss of $0.9 million compared to a net income of $1.2 million in the prior year, with diluted EPS of ($0.36). Adjusted net income was $2.6 million, and adjusted EBITDA was $7.6 million.
Consolidated revenue decreased to $46.1 million from $53.4 million due to fewer stores and lower same-store sales.
Same-store-sales decreased 1.1% compared to the prior year.
Net loss was $0.9 million, compared to a net income of $1.2 million in the prior year, impacted by one-time items.
Adjusted EBITDA decreased slightly to $7.6 million from $8.1 million in the prior year, with a 40% Adjusted EBITDA margin.
Regis Corporation did not provide forward guidance in the earnings report.
Visualization of income flow from segment revenue to net income