Jetta Productions Inc/DigitalVision via Getty Images Author's Update On August 8th, 2024, I wrote a report discussing the reasoning behind the incredible shareholder friendly refinancing where banks transferred $34 per share of value to shareholders, and projected FY 2025 EBITDA of $30MM linked here. In this report, I will discuss the most recent 4th quarter 2024 results, provide historical context on the company's declining store base, and provide reasoning as to why revenue growth should turn positive in ...

This highly anticipated milestone opening underscores the company's industry-leading luxury portfolio and continued strong global growth BETHESDA, Md., Aug. 16, 2024 /PRNewswire/ -- Marriott International, Inc. (NASDAQ: MAR) announced its 9,000th property with the opening of The St. Regis Longboat Key Resort. Situated on an expansive 18 acres in Longboat Key, Florida, this luxury beachfront property features 168 exquisite guestrooms, including 26 suites, and offers breathtaking ocean views, outstanding culi ...

Comstock/Stockbyte via Getty Images Company Overview Regis Corporation (NASDAQ:RGS) "the company" is one of the largest hair salons in the country with approximately 4,500 salons. The company's salons operate in the value segment of the market under the brands Supercuts, SmartStyle, Cost Cutters, First Choice Haircutters, and Roosters Men's Grooming Center. RGS is a small capitalization stock that trades on the NASDAQ exchange. The company's turnaround is in its final stages and now has a capital structure ...

Regis Corporation NYSE: RGS experienced a remarkable surge yesterday, with the stock skyrocketing by 200% at the time of writing. This impressive rise, accompanied by an abnormal increase in trading volume, prompts a closer examination of the catalyst behind this movement and the company's fundamentals. Catalyst for Regis Corporation's Stock Surge Additionally, Regis will have access to a $25 million revolving credit facility, with both the term loan and the credit facility maturing on June 24, 2029. This r ...

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 ...

Company Operations - As of March 31, 2024, Regis Corporation operated 4,557 locations, including 4,537 franchised salons and 20 company-owned salons[67]. Financial Performance - System-wide revenue for the three months ended March 31, 2024, was $286.8 million, a decrease of 4.2% from $299.3 million in the same period of 2023[74]. - Total system-wide same-store sales increased by 0.5% for the three months ended March 31, 2024, compared to a 6.0% increase in the same period of 2023[74]. - Franchise revenue decreased by $5.7 million and $21.1 million during the three and nine months ended March 31, 2024, respectively, primarily due to a decrease in franchise salon count[104]. Revenue and Expenses - Royalties decreased by $0.3 million (2.2%) and $1.4 million (2.7%) during the three and nine months ended March 31, 2024, primarily due to a decrease in franchise salon count[81]. - Product sales to franchisees decreased by $0.6 million (100.0%) and $1.7 million (79.4%) for the three and nine months ended March 31, 2024, due to the shift to a third-party distribution model[83]. - Advertising fund contributions decreased by $2.0 million (25.9%) and $4.2 million (17.5%) during the three and nine months ended March 31, 2024, primarily due to a decrease in franchise salon count[84]. - Franchise rental income decreased by $2.8 million (10.7%) and $13.3 million (15.5%) during the three and nine months ended March 31, 2024, due to a decrease in franchise salon count[85]. - Company-owned salon revenue decreased by $0.9 million (38.9%) and $2.9 million (36.2%) during the three and nine months ended March 31, 2024, due to a decrease in company-owned salon count[86]. - General and administrative expenses decreased by $1.9 million (14.1%) and $5.5 million (13.9%) for the three and nine months ended March 31, 2024, respectively, primarily due to lower headcount[89]. - Rent expense decreased by $0.3 million (15.0%) and $1.6 million (28.1%) during the three and nine months ended March 31, 2024, respectively, due to a reduction in company-owned salon count[90]. Strategic Initiatives - The Board initiated a strategic review on November 1, 2023, to assess the Company's capital structure with no set timetable for completion[69]. - A Tax Benefits Preservation Plan was adopted on January 28, 2024, to protect the Company's ability to use its net operating loss carryforwards[70]. Cash Flow and Capital Structure - As of March 31, 2024, cash and cash equivalents were $5.9 million, with $5.0 million in the United States and $0.9 million in Canada[114]. - Cash used in operating activities was $7.1 million for the nine months ended March 31, 2024, an improvement from $8.5 million in the prior year, primarily due to a lower cost structure[119]. - Cash provided by investing activities was $1.6 million during the nine months ended March 31, 2024, primarily due to $2.0 million of OSP sales proceeds[120]. - Cash used in financing activities was $1.1 million during the nine months ended March 31, 2024, primarily due to fees associated with a strategic review[121]. - The debt to capitalization ratio as of March 31, 2024, was 123.6%, a decrease from 125.1% on June 30, 2023[123][124]. - The company did not issue any shares under the $50.0 million prospectus supplement during the nine months ended March 31, 2024, and the Share Issuance Program expired on February 10, 2024[125]. - As of March 31, 2024, approximately 1.5 million shares have been repurchased for $595.4 million, with $54.6 million remaining under the stock repurchase program[126]. - The company does not anticipate repurchasing shares of common stock for the foreseeable future[126]. Market Risks - The company is exposed to market risk from changes in interest rates and foreign currency exchange rates, with no material changes reported since June 30, 2023[129].