The earnings call revealed a mixed performance with notable achievements in digital initiatives and loyalty program rollout, but also significant challenges such as declining same-store sales, revenue decrease, and ongoing location closures. While there are strategic efforts in place to drive future growth, the current financial results show a net income loss and a decline in total revenues.
Company Guidance
In the Regis First Quarter Fiscal Year 2025 earnings call, executives Kersten Zupfer and Matthew Doctor provided detailed guidance on various metrics. The company's adjusted EBITDA for the quarter was reported at $7.6 million, slightly down from $8.1 million the previous year, with margins expanding by 2 percentage points to 40%. Same-store sales decreased by 1.1% compared to the prior year, primarily due to a decline in traffic rather than price adjustments. The adjusted earnings per share increased to $0.93 from $0.71, while reported GAAP earnings per share showed a loss of $0.36 due to a $2.3 million severance accrual and increased stock-based compensation expenses. Revenue for the quarter was $46.1 million, down by $7.3 million, mainly due to reductions in franchise rental income and advertising fund revenue. The company closed a net total of 49 locations, noting that closures will slow in future years. Additionally, the company highlighted its digital initiatives, including the rollout of the Zenoti point-of-sale system and the Supercuts Rewards loyalty program, which aims to enhance customer engagement and drive sales.
Adjusted Earnings Per Share Increase
The adjusted earnings per share for the quarter was $0.93, up from $0.71 in the prior year.
Supercuts Rewards Loyalty Program Rollout
Successful rollout of the Supercuts Rewards loyalty program across all Supercuts salons, achieving 20% loyalty member sales in 3 weeks post-launch.
EBITDA Margin Expansion
The adjusted EBITDA margins during the quarter were 40%, representing a 2 percentage point increase compared to the prior year.
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Regis (RGS) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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RGS Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Nov 06, 2024
$23.37
$20.46
-12.45%
Aug 28, 2024
$22.40
$22.37
-0.13%
May 01, 2024
$5.25
$5.19
-1.14%
Jan 31, 2024
$13.80
$11.51
-16.59%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Regis Corporation (RGS) report earnings?
Regis Corporation (RGS) is schdueled to report earning on Jan 29, 2025, TBA Not Confirmed.
What is Regis Corporation (RGS) earnings time?
Regis Corporation (RGS) earnings time is at Jan 29, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.