Business
Regis Corporation Reports Improved Profitability for the Second Fiscal Quarter 2025 and Positive Cash from Operations
Continues to position Regis for future growth with the integration of the Alline Salon Group acquisition MINNEAPOLIS--(BUSINESS WIRE)-- Regis Corporation
About this update from Regis Corporation
[{"type":"text","content":"\nContinues to position Regis for future growth with the integration of the Alline Salon Group acquisition\n\n\n MINNEAPOLIS--(BUSINESS WIRE)--\nRegis Corporation (NasdaqGM: RGS), a leader in the haircare industry, today announced financial results for the second fiscal quarter ended December 31, 2024.\n\n\nMatthew Doctor, Regis Corporation’s President and Chief Executive Officer, commented, “Our business has undergone a remarkable transformation over a short period of time. The Alline acquisition that was completed at the end of the fiscal quarter marks yet another step to position Regis to deliver future growth by adding several profitability and cash flow levers that complement our franchise business, creating a well-diversified model and an optimal mix of franchised and company owned locations. From a results standpoint, with growth across key profitability metrics, our fiscal second quarter results reflect strong operational execution and business traction, despite challenging sales conditions. We are excited to continue executing against our priorities, that now include the Alline portfolio, to drive growth and financial performance across our entire system of branded salons.\"\n\n\nFinancial Highlights:\n\n\nSecond quarter fiscal 2025 compared to second quarter fiscal 2024:\n\n\n\nConsolidated revenue of $46.7 million versus $51.1 million; driven by lower non-margin franchise rental income and lower advertising fund contributions, partially offset by company-owned salon revenue\n\n\n\nSame-store sales decreased 1.6% versus second quarter 2024\n\n\n\nNet income of $7.6 million, inclusive of income from discontinued operations of $7.4 million, versus $1.0 million, inclusive of income from discontinued operations of $2.0 million in prior year second quarter; Diluted EPS of $2.71 versus $0.43 in second quarter 2024\n\n\n\nAdjusted net income of $1.7 million versus an adjusted net loss of $0.4 million in prior year second quarter; Adjusted EPS of $0.61 versus $(0.18) in second quarter 2024\n\n\n\nAdjusted EBITDA of $7.1 million versus $6.3 million in prior year second quarter\n\n\n\nFirst half fiscal 2025 compared to first half fiscal 2024:\n\n\n\nConsolidated revenue of $92.8 million versus $104.4 million; driven by lower non-margin franchise rental income and lower advertising fund contributions\n\n\n\nSame-store sales decre...