earnings
confidence high
sentiment neutral
materiality 0.65
Regis Corp Q2 net income $1.0M vs loss; revenue down; strategic review ongoing
REGIS CORP
2024-Q2 EPS
reported $0.93
vs consensus -$0.64
▲ beat
(+246.2%)
- System-wide revenue $292.4M, down 3.6% YoY; same-store sales up 1.9%.
- Operating income improved to $4.8M from $0.7M; net income of $1.0M vs loss of $2.4M.
- Franchise adjusted EBITDA $6.4M, down $1.1M; company-owned salon EBITDA negative.
- Cash $7.2M, total debt $188.9M; liquidity $38.1M.
- Board continues strategic alternatives review; CEO cites 'much work remains'.