Regis Corporation (NASDAQ: RGS) has seen a massive spike in its share price growth in the past 24 hours, rising $15.45 – over 300%. Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins. On June 25, Regis' stock price soared 304.73% to close at $20.52 during the US trading session, before correcting down slightly by $0.70 to trade at $19.82 in after hours trading – still a significant leap up from the previous day's close of just $5.07 on June 24. But why t ...

Regis (NASDAQ:RGS) stock is up on Tuesday after the hair care salon company announced a new credit facility. Regis has secured a $105 million term loan that will replace its current debt. This will allow it to pay off its $80 million in debt, which will save it $7 million in annual interest payments. This will also give the company to a $25 million revolving credit facility. This and the new term loan have a maturity date of June 24, 2029. The lenders of these loans are TCW Asset Management Company LLC and ...

Regis Corp (NASDAQ: RGS) has entered into a "new senior secured credit facility" with the global asset manager TCW Asset Management Company LLC and Midcap Financial Trust. Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins. Its shares are up well over 100% on Tuesday. Want easy-to-follow crypto, forex & stock trading signals? Make trading simple by copying our team of pro-traders. Consistent results. Sign-up today at Invezz Signals™. Invest and trade CFD ...

In his new role as CEO, Rimbert's mission is to drive the strategic transformation of the company, focusing on international development, enriching product lines, and innovating technology, all with the aim of making Wolford's innovative fabrics and high-quality products accessible to more customers. Zhen Huang, Chairman of Lanvin Group said, "With 70 years of heritage, Wolford is an iconic skinwear brand renowned for its exquisite fabrics and top-notch innovations, as well as an integral part of the Lanvin ...

Call Start: 08:30 January 1, 0000 8:53 AM ET Regis Corporation (NASDAQ:RGS) Q3 2024 Earnings Conference Call May 01, 2024, 08:30 AM ET Company Participants Biz McShane - VP, Corporate Controller Matthew Doctor - President and CEO Kersten Zupfer - EVP and CFO Conference Call Participants Biz McShane Good morning, and thank you for joining the Regis Third Quarter Fiscal 2024 Earnings Conference Call. I'm your host Biz McShane, Vice President, Corporate Controller. All participants are in listen-only mode and ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-12725 Regis Corporation (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or or ...

Regis Corporation Reports Continued Profitability for the Third Fiscal Quarter 2024 MINNEAPOLIS, May 1, 2024 -- Regis Corporation (NasdaqGM: RGS), a leader in the haircare industry, today announced financial results for the third fiscal quarter ended March 31, 2024. Matthew Doctor, Regis Corporation's President and Chief Executive Officer, commented: "In the third quarter, we continued to grow the year-over-year profitability of the Company. We delivered another quarter of growth in same-store-sales, operat ...

Regis Corporation (NASDAQ:RGS) Q2 2024 Earnings Conference Call January 31, 2024 8:30 AM ET Company Participants Biz McShane - VP, Corporate Controller Matthew Doctor - President and CEO Kersten Zupfer - EVP and CFO Conference Call Participants Biz McShane Good morning, and thank you for joining the Regis Second Quarter Fiscal 2024 Earnings Conference Call. I'm your host Biz McShane, Vice President, Corporate Controller. All participants are in listen-only mode. The prepared remarks by our President and Chi ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) Regis Corporation (Exact name of registrant as specified in its charter) Minnesota 41-0749934 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 3701 Wayzata Boulevard, Minneapolis Minnesota 55416 (Address of principal executive offices) (Zip Code) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended ...

Financial Data and Key Metrics - Q1 revenues were $53 4 million, a decline of $8 5 million from the prior year, primarily due to reduced franchise rental income and transitioning out of company-owned salons [22] - GAAP operating profit increased by $5 million to $7 4 million, driven by controlled G&A and the wind down of company-owned salons [24] - Positive net income of $1 2 million from continuing operations and earnings per share of $0 03, compared to a loss of $1 8 million in Q1 2023 [25] - Adjusted EBITDA improved to $7 5 million from $3 8 million in the prior year, driven by fewer loss-generating company-owned salons [26] - Liquidity stood at $42 4 million, including $33 1 million of available revolver capacity and $9 3 million of cash [28] - Debt outstanding was $186 1 million, excluding deferred financing fees, with $9 8 million of letters of credit outstanding [29] Business Line Data and Key Metrics - Core Franchise Business achieved adjusted EBITDA of $8 million, a $3 million improvement compared to the prior year [8] - Company-owned segment lost just under $0 5 million, improving $700,000 from the same quarter last year [8] - Royalty and fee revenue, representing core business revenue, was $19 2 million, down $700,000 due to salon closures [23] - System-wide same-store sales grew 1 8% in the quarter [23] Market Data and Key Metrics - Franchise salon count decreased by 52 to 4,745, with 24 Supercuts, 15 SmartStyle, and 13 from portfolio brands closing [73] - Average volumes for closed salons were $122,000, reflecting the challenging operating environment [73] - The company announced a Supercuts brand entry into India through a master franchise partnership, aiming for 100 locations over five years [87][89] Company Strategy and Industry Competition - The company is evaluating strategic alternatives to strengthen the balance sheet and position for growth [46][47] - Zenoti platform, now active in 1,140 locations, is foundational for personalized marketing and operational initiatives [76][83] - Focus on high-volume salons to drive returns for both franchisees and the company [86] - Testing promotions and transformational marketing ideas to differentiate brands [84] Management Commentary on Operating Environment and Future Outlook - Management remains committed to cash management and returning to cash generation [9] - The company expects annual G&A run rate to be in the range of $47 million to $50 million [7] - Two-thirds of remaining company-owned salons will come to lease-end by February next year, reducing their impact [27] - The company is focused on increasing profitability and addressing challenges related to labor and customer behavior [58][60] Other Important Information - The company is in compliance with debt covenants and does not expect to violate any during the term of the credit facility [29] - Legacy insurance claims and rental payments on dark salons continue to impact cash flow, though amounts are decreasing [35] - The company is prioritizing the conversion of salons running on SuperSalon to Zenoti, with many franchisees already signed up [79][82] Q&A Session Question: Impact of Zenoti on CRM and customer outreach - Zenoti enables personalized marketing, better customer data collection, and streamlined customer interaction, driving frequency and loyalty [12][13][14] - The platform also provides operational insights and customer feedback, helping franchisees improve salon operations [15][16] Question: Remaining potential for Zenoti progress fees - $2 million remains from the original $20 million upfront purchase price, with additional proceeds based on salon migration [17][18] - Remaining proceeds will go towards debt [20] Question: Impact of in-store marketing and teaching - In-store marketing is foundational but hard to track directly, though it is considered table stakes for the business [21] Question: Inflation and price raising as a driver - Inflation and price raising have driven comps, but the company is testing initiatives to optimize customer counts and traffic [39][94][95]