Regis Corp posts first operating profit in 16 quarters; Q1 FY2023 adjusted EBITDA turns positive

REGIS CORP

2023-Q1 EPS reported $0.03 revenue$61,871,000

Operating profit of $2.5M vs ($4.9M) loss; first positive operating profit since Sept 2018.
Adjusted EBITDA improved to $3.8M from ($5.0M); net income $1.5M vs ($10.4M).
System-wide same-store sales up 4.5%; total revenue $61.9M (-19.4% YoY) due to salon portfolio restructuring.
Debt renegotiated: maturity extended from Mar 2023 to Aug 2025; total liquidity $47.8M.
Franchise adjusted EBITDA $5.0M (positive 4th quarter in a row) vs ($3.5M) loss.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

REGIS CORP reported first fiscal quarter ended September 30, 2022 results: revenue $61.9 million, net income $1.5 million, EPS $0.03.

Period: first fiscal quarter ended September 30, 2022
Revenue: $61.9 million
Net income: $1.5 million
EPS: $0.03
Result: reported results

Exact text from the filing

sales within the system. (2) See GAAP to non-GAAP reconciliations, within the attached section titled "Non-GAAP Reconciliations". Revenue Total revenue in the first quarter of $61.9 million decreased $14.9 million, driven primarily by exiting company-owned salons that generated significant revenue, but were loss generating and exiting product sales. Partially

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Source: SEC EDGAR

accession 0000716643-22-000074

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