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Mar 31, 2024
Regis Q3 2024 Earnings Report
Regis Corporation demonstrated continued profitability through strategic initiatives.
Key Takeaways
Regis Corporation reported improved operating income and adjusted EBITDA compared to the same quarter last year, driven by lower general and administrative expenses, despite a decrease in system-wide revenue. The company is focused on long-term growth through customer experience improvements, new technology implementation, stylist community support, and expense management.
System-wide revenue declined to $286.8 million, but same-store sales improved by 0.5%.
Operating income increased to $4.1 million, up from $2.0 million in the prior year.
Franchise adjusted EBITDA rose to $5.8 million, compared to $4.8 million in the previous year.
Net loss was $2.3 million, an increase from a net loss of $1.6 million in the third quarter of 2023.
Regis
Regis
Regis Revenue by Segment
Revenue by Segment
Franchise Revenue
CapyFin.comCompany-owned Salons Revenue
CapyFin.com Forward Guidance
Regis Corporation is focused on improving customer experience, implementing new technology, supporting the stylist community, and managing corporate expenses. The Board continues to review strategic alternatives to assess the Company's capital structure, and they remain dedicated to maximizing value for all of their stakeholders.
Positive Outlook
- Improving the customer experience
- Implementing new technology
- Supporting the stylist community
- Managing corporate expenses
- Maximizing value for all stakeholders
Revenue & Expenses
Visualization of income flow from segment revenue to net income