Regis Corporation delivered a strong first quarter with improved same-store sales, a revenue increase driven by the Alline acquisition, and a return to profitability.
Consolidated revenue rose to $59.0 million, driven by the Alline acquisition
Net income improved to $1.4 million compared to a $0.9 million loss last year
Same-store sales increased: Supercuts +2.5%, overall +0.9%
Company-owned salon revenue surged from $0.8 million to $20.2 million
The company emphasized continued focus on technology, modernization, and improved performance, but noted ongoing challenges in royalties and franchise salon count.
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