Regis Corporation reported positive operating income for the fourth consecutive quarter, reaching the highest level since 2017. The company demonstrated growth across key financial metrics, including same-store sales, operating income, and adjusted EBITDA. Regis has largely stabilized the business in a challenging operating environment.
System-wide revenue decreased to $311.8 million, while system-wide same-store sales increased by 2.5%.
Operating income improved to $3.6 million, compared to an operating loss of $1.3 million in the prior year.
Net loss improved to $4.8 million, compared to a loss of $42.6 million in the prior year.
Adjusted EBITDA increased to $5.2 million, compared to $1.0 million in the prior year.
I am proud of our team and franchisees for their valuable contributions to the year and am excited to make continued progress in fiscal 2024.
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