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Mar 31, 2023
Regis Q3 2023 Earnings Report
Regis Corporation reported growth in sales and EBITDA.
Key Takeaways
Regis Corporation reported positive third quarter results with year-over-year growth in key financial metrics, including the third consecutive quarter of positive operating income. System-wide revenue increased, operating income improved, and the net loss decreased compared to the same quarter last year.
System-wide revenue increased by $8.3 million to $299.3 million, with a 6.0% increase in system-wide same-store sales.
Operating income improved by $24.2 million to $2.0 million, compared to an operating loss of $22.2 million in the prior year.
Net loss improved by $26.3 million to $1.6 million, compared to a net loss of $27.9 million in the same quarter last year.
Adjusted EBITDA increased by $4.5 million to $4.2 million, compared to a loss of $0.3 million in the prior year.
Regis
Regis
Regis Revenue by Segment
Revenue by Segment
Franchise Revenue
CapyFin.comCompany-owned Salons Revenue
CapyFin.com Forward Guidance
The company expects to deliver consistent and sustainable long-term profitable growth that will drive increased value for its shareholders.
Revenue & Expenses
Visualization of income flow from segment revenue to net income