earnings
confidence high
sentiment negative
materiality 0.75
Regis Q3 revenue $64.7M, down 35%; net loss $27.9M; adjusted EBITDA loss narrows to $0.3M
REGIS CORP
2022-Q3 EPS reported
-$1.01
revenue$212,761,000
- Revenue $64.7M, down 35.4% YoY; system-wide same-store sales +8.6% vs -20.7% prior year.
- GAAP net loss $27.9M ($0.61/sh) vs $10.8M loss ($0.30/sh) last year; includes $22.4M goodwill impairment and inventory charge.
- Adjusted net loss $4.3M ($0.09/sh) vs $25.3M loss ($0.70/sh) last year; adjusted EBITDA loss $0.3M, improved from $19.8M loss.
- Franchise segment adjusted EBITDA turned positive at $3.0M, improved $10.0M YoY; franchise salon count +187 to 5,504.
- Company-owned salons revenue fell to $3.5M from $32.3M due to conversions/closures; adjusted EBITDA loss $3.3M improved $9.5M.