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Regis (RGS) - 2022 Q1 - Earnings Call Transcript
2021-11-06 07:11
Financial Data and Key Metrics Changes - In Q1 of fiscal 2022, the company reported consolidated revenues of $78 million, representing a $34 million increase from the prior year, attributed to recovery from the COVID-19 pandemic [24] - Same-store sales improved by 23% in Q1, although system-wide sales were down 17% compared to pre-COVID levels, an improvement from a 21% decline in Q4 [10][25] - The operating loss for the quarter was $6 million, significantly improved from a $32 million loss in the prior quarter [26] - Adjusted EBITDA loss was $6 million, compared to a loss of $23 million in Q4 2021 [27] Business Line Data and Key Metrics Changes - The company incurred losses of approximately $3 million from franchise product sales and $1.6 million from company-owned salons, which are not part of the go-forward business [27] - The reorganization aimed at reducing costs is expected to yield annual savings of approximately $5 million, effective from Q2 [7][28] Market Data and Key Metrics Changes - The reopening of Canadian salons marked a significant turning point, with no government-mandated closures impacting operations [32] - The middle part of the country is performing better than coastal regions, but all areas are showing improvement [32] Company Strategy and Development Direction - The company is focused on stylist recruitment, the adoption of the OpenSalon Pro technology platform, and strengthening the franchisee base to drive growth [24][23] - The management team has been revamped to include a mix of tenured leaders and executives with complementary expertise, positioning the company for growth and sustained profitability [23] Management's Comments on Operating Environment and Future Outlook - Management emphasized the importance of labor recruitment as a top priority to address staffing shortages impacting revenue generation [12] - The company is optimistic about the return of beauty school graduates to pre-COVID levels by June 2022, indicating a temporary labor shortage [15][16] - The management believes the company is well-positioned for growth and sustained profitability as it emerges from the pandemic [33] Other Important Information - The company raised $37.2 million in unrestricted cash through its ATM program, enhancing its liquidity position [6][29] - The expected end-state run rate for G&A is projected to be between $65 million and $70 million annually [28] Q&A Session Summary Question: No questions were raised during the call - The call concluded without any questions from participants [34]
Regis (RGS) - 2022 Q1 - Quarterly Report
2021-11-03 22:06
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 September 30, 2021 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) Minnesota 41-0749934 (State or other jurisdicti ...
Regis (RGS) - 2021 Q4 - Earnings Call Transcript
2021-08-26 19:35
Regis Corp. (NASDAQ:RGS) Q4 2021 Earnings Conference Call August 26, 2021 10:00 AM ET Company Participants Biz McShane - Associate Vice President of Finance Felipe Athayde - Chief Executive Officer Kersten Zupfer - Executive Vice President & Chief Financial Officer Conference Call Participants Stephanie Wissink - Jefferies Laura Champine - Loop Capital Biz McShane Good morning and thank you all for joining the Regis Fourth Quarter 2021 Earnings Release Conference Call. All participants are in a listen-only ...
Regis (RGS) - 2021 Q4 - Annual Report
2021-08-26 10:11
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended June 30, 2021 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) Minnesota 41-0749934 State or other jurisdiction of incorpor ...
Regis (RGS) - 2021 Q3 - Earnings Call Transcript
2021-05-09 08:12
Regis Corporation (NASDAQ:RGS) Q3 2021 Earnings Conference Call May 6, 2021 10:00 AM ET Company Participants Biz McShane – AVP-Finance Felipe Athayde – Chief Executive Officer Kersten Zupfer – Chief Financial Officer Conference Call Participants Laura Champine – Loop Capital Grace Menk – Jefferies Biz McShane Good morning, and thank you for joining the Regis Third Quarter 2021 Earnings Release Conference Call. All participants are in a listen-only mode. After the prepared remarks by our Chief Executive Offi ...
Regis (RGS) - 2021 Q3 - Quarterly Report
2021-05-05 22:08
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, 2021 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 (RGS) - 2021 Q2 - Earnings Call Transcript
2021-02-05 05:55
Regis Corp (NASDAQ:RGS) Q2 2021 Earnings Conference Call February 4, 2021 10:00 AM ET Company Participants Biz Murphy - AVP, Finance Felipe Athayde - President, CEO & Director Kersten Zupfer - EVP & CFO Conference Call Participants Stephanie Wissink - Jefferies Laura Champine - Loop Capital Markets Operator Ladies and gentlemen, thank you for standing by. Welcome to the Regis Corporation Second Quarter Fiscal Year 2021 Earnings Call. My name is Mary, and I will be your conference facilitator today. [Operato ...
Regis (RGS) - 2021 Q2 - Quarterly Report
2021-02-03 22:29
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 December 31, 2020 (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) Minnesota 41-0749934 (952) 947-7777 (Registrant's telephone number, includin ...
Regis (RGS) - 2021 Q1 - Earnings Call Transcript
2020-11-02 18:36
Regis Corporation (NASDAQ:RGS) Q1 2021 Earnings Conference Call November 2, 2020 10:00 AM ET Company Participants Biz McShane - Associate Vice President Consolidations, Technical Accounting Felipe Athayde - CEO Kersten Zupfer - CFO Eric Bakken - President of Franchise Amanda Rusin - General Counsel Conference Call Participants Laura Champine - Loop Capital Steph Wissink - Jefferies Operator Ladies and gentlemen, thank you for standing by. Welcome to the Regis Corporation First Quarter Fiscal Year 2021 Earni ...
Regis (RGS) - 2021 Q1 - Quarterly Report
2020-11-02 11:30
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2020 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 organizat ...