earnings
confidence high
sentiment negative
materiality 0.75
Regis Q2 FY2022 net loss narrows to $4.9M; revenue down 32.7% on salon exits
REGIS CORP
2022-Q2 EPS reported
-$0.37
revenue$148,012,000
- Revenue $70.3M vs $104.3M YoY, down 32.7% due to exiting loss-making company-owned salons.
- Net loss of $4.9M ($0.11 per share) improves from $32.9M ($0.92) in prior year quarter.
- System-wide same-store sales up 22.1% YoY; franchise same-store sales up 22.4%.
- Adjusted EBITDA of $2.4M, up $19.9M from -$17.5M loss; franchise segment adjusted EBITDA $5.5M.
- Company-owned salons reduced to 150 from 1,037; total franchise salons 5,553, up 284.