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Jun 30, 2021
Regis Q4 2021 Earnings Report
Regis reported an increase in revenue and a reduced net loss compared to the previous year, driven by the completion of its business transformation and the rollout of its technology platform.
Key Takeaways
Regis Corporation reported Q4 2021 results, highlighting the completion of its transformational phase and progress on foundational initiatives. System-wide same-store sales increased by 4.2% compared to Q4 2020. The company finalized its corporate reorganization and zero-based budgeting process, resulting in a right-sized G&A structure. The rollout of the Opensalon® Pro technology platform continued, with over 2,100 salons now running or contracted to install it.
Completed business transformation to a fully-franchised model, refranchising, negotiating lease buyouts, or closing at lease term 550 company-owned salons during the quarter and 1,356 during the fiscal year.
System-wide same-store sales increased 4.2% compared to Q4 2020.
Finalized corporate re-organization and zero-based budgeting process, resulting in a right-sized G&A structure.
Continued rollout of proprietary technology platform Opensalon® Pro, with over 2,100 salons now running or have signed contracts to install.
Regis
Regis
Regis Revenue by Segment
Revenue by Segment
Company-owned Salons Revenue
CapyFin.com Forward Guidance
Regis is well-positioned heading into fiscal year 2022 due to achievements during a time of unprecedented challenges.
Positive Outlook
- New team in place.
- Brand-centric focus to drive sales.
- Right business model for growth.
- Right-sized organizational structure.
- Technology platform to support and drive growth.