Regis Q1 net loss narrows to $10.4M ($0.28/share); same-store sales up 23.2%

REGIS CORP

2022-Q1 EPS reported -$0.28 revenue$77,756,000

Consolidated revenue fell 30.2% to $77.8M as company exited unprofitable company-owned salons.
System-wide same-store sales rose 23.2% YoY; franchise same-store sales up 23.7%.
Adjusted EBITDA loss improved to $5.6M from $18.6M a year ago.
Raised $37M via ATM offering; reduced annual G&A by about $5M via reorganization.
Franchise salon count up 361 to 5,587; company-owned salons down to 179 from 1,308.

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