Acquisition of Alline Salon Group
Regis acquired the Alline Salon Group, adding 314 salons to the company, enhancing strategic and financial positioning, and expected to drive future growth.
Improved Financial Performance
Year-over-year improvements in operating income, net income, earnings per share, adjusted EBITDA, and cash flow. Adjusted EBITDA increased by 12.7% to $7.1 million, and earnings per share rose to $2.71.
Successful Launch of Supercuts Loyalty Program
Supercuts Rewards program launched with 27% of sales via members and improved same-store sales and traffic by 200 basis points for salons with high membership adoption.
Positive Cash Flow Generation
Regis returned to generating positive cash from operations, reflecting a $7.6 million improvement over the prior year for the six-month period.