---
schema_version: "secwatch.filing_event.v1"
accession: "0000716643-23-000042"
form_type: "8-K"
ticker: "RGS"
cik: "0000716643"
company_name: "REGIS CORP"
filed_at: "2023-11-01T23:59:59+00:00"
generated_at: "2026-06-09T03:32:04.667264+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Regis posts Q1 net income $1.2M (first positive in 5 years); launches strategic alternatives review

## Summary
- Net income from continuing operations of $1.2M ($0.03 diluted EPS) vs loss of $1.8M (-$0.04) YoY; first positive since fiscal 2018.
- Adjusted EBITDA improved to $7.5M from $3.8M; consolidated revenue $53.4M vs $61.9M on salon wind-downs.
- Board forms special committee to evaluate strategic alternatives for capital structure; Jefferies and Weil retained.
- Net debt ~$190M; cash $9.3M, total liquidity $42.4M; company not in default and proactively addressing balance sheet.
- System-wide same-store sales up 1.8%; franchise adjusted EBITDA $8.0M vs $5.0M YoY.

## SEC filing metadata
- accession: 0000716643-23-000042
- form_type: 8-K
- ticker: RGS
- cik: 0000716643
- company_name: REGIS CORP
- filed_at: 2023-11-01T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/716643/000071664323000042/0000716643-23-000042-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/716643/000071664323000042/rgs-20231101.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000716643-23-000042
- JSON: https://secwatch.observer/filing/0000716643-23-000042.json
- Plain text: https://secwatch.observer/filing/0000716643-23-000042.txt

## Key facts
- Earnings Releases
  REGIS CORP reported the first fiscal quarter ended September 30, 2023 results: revenue $53.4 million, net income $1.2 million, EPS $0.03 diluted income per share.
  - Period: the first fiscal quarter ended September 30, 2023
  - Revenue: $53.4 million
  - Net income: $1.2 million
  - EPS: $0.03 diluted income per share
  - Result: reported results
  source text: See GAAP to non-GAAP reconciliations within the attached section titled "Non-GAAP Reconciliations." Consolidated Revenue Total consolidated revenue in the first quarter 2024 of $53.4 million decreased $8.5 million. The decrease was driven primarily by a reduction in non-margin franchise rental income and the wind down of loss-generating company-owned salons that
  evidence_url: https://www.sec.gov/Archives/edgar/data/716643/000071664323000042/0000716643-23-000042-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.