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Dec 31, 2022
Regis Q2 2023 Earnings Report
Regis Corporation reported progress in the second quarter of 2023, achieving the highest first-half operating income in five years.
Key Takeaways
Regis Corporation reported improved financial results for Q2 2023, with system-wide same-store sales increasing by 4.5%. Operating income improved to $0.7 million, and adjusted EBITDA reached $7.8 million. The company's net loss improved to $2.4 million, reflecting the success of its transformation to an asset-light franchise business.
System-wide same-store sales increased 4.5% in the quarter.
Operating income improved $1.2 million to $0.7 million.
Franchise adjusted EBITDA of $7.5 million compared to $5.7 million in the 2022 second quarter.
Net loss of $2.4 million improved $2.5 million from a loss of $4.9 million in the 2022 second quarter.
Revenue by Segment
Forward Guidance
The company did not provide specific forward guidance in this earnings report.
Revenue & Expenses
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Avg. Return Before/After Earnings
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