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Mar 31, 2021
Regis Q3 2021 Earnings Report
Reported improved traffic trends and continued progress in key initiatives.
Key Takeaways
Regis Corporation reported a net loss from continuing operations of $10.8 million, or $0.30 loss per diluted share, for Q3 2021. Total revenue was $100.3 million, a decrease of 34.8% year-over-year. The company refranchised 126 company-owned salons to franchisees during the third quarter and an additional 109 salons in the fourth quarter to date. As of March 31, 2021, approximately 87% of the Company's salon portfolio was franchised.
Refranchised 126 company-owned salons to franchisees during Q3 and an additional 109 salons in Q4 to date.
Approximately 87% of the Company's salon portfolio was franchised as of March 31, 2021.
Over 1,700 salons, representing 35% of U.S. Franchise Salons, are now running or have signed contracts to install Opensalon® Pro
Adopted a new merchandising strategy to outsource product sales, as part of the transition to an asset-light, fully-franchised model
Revenue by Segment
Forward Guidance
No forward guidance provided in the earnings report.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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