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Mar 31, 2022
Regis Q3 2022 Earnings Report
Reported third quarter results, which improved year over year but were below expectations due to a slower sales recovery and the continued wind down of legacy businesses.
Key Takeaways
Regis Corporation reported a total revenue of $64.7 million, which includes Royalty growth of 23.1%. System-wide same-store sales increased 8.6%. The Franchise segment posted adjusted EBITDA of $3.0 million compared to a loss of $7.0 million in third quarter 2021.
Total revenue of $64.7 million includes Royalty growth of 23.1%.
System-wide same-store sales increased 8.6%.
Reported G&A of $15.6 million and adjusted G&A of $14.7 million, represented a decline of $9.0 million and $8.3 million compared to the third quarter 2021, respectively.
The Franchise segment posted adjusted EBITDA of $3.0 million compared to a loss of $7.0 million in third quarter 2021.
Regis
Regis
Regis Revenue by Segment
Revenue by Segment
Franchise Revenue
CapyFin.comCompany-owned Salons Revenue
CapyFin.com Forward Guidance
The company is confident that its fully franchised business model and the measures it has underway will lead to stronger profitability going forward.
Positive Outlook
- Single technology platform for the entire system
- More robust stylist education and events for a stronger talent brand
- A refocus of marketing efforts toward digital
Challenges Ahead
- Slower sales recovery
- Continued wind down of legacy businesses
- Affected by labor issues
- Lower customer counts stemming from the pandemic
Revenue & Expenses
Visualization of income flow from segment revenue to net income