Regis Reports First Quarter 2021 Results With Significant Progress in Its Transition to a Fully-Franchised Asset-Light Model and Completed Salon Re-Opening

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[{"type":"text","content":"\nFirst Quarter 2021 Results Were Materially Impacted By The COVID-19 Pandemic. Excluding Discrete Items, The Company Reported First Quarter 2021 Adjusted Net Loss Of $27.9 Million\n\nThe Company Continues To Make Significant Progress In Its Transition To A Fully-Franchised Model With The Sale And Conversion Of An Additional 137 Company-Owned Salons To Its Asset-Light Franchise Portfolio During The Quarter; In The Past Twelve Months, The Company Has Sold And Converted 1,056 Company-Owned Salons To Its Franchise Portfolio\n\nAt The End Of The Quarter, Approximately 80% Of The Company's Salon Portfolio Had Been Franchised\n\n MINNEAPOLIS--(BUSINESS WIRE)--\nRegis Corporation (NYSE: RGS):\n\n\n\n \n\n\n\n \n\n\n\nThree Months Ended September 30,\n\n\n\n\n\n(Dollars in thousands)\n\n\n\n \n\n\n\n2020\n\n\n\n \n\n\n\n2019\n\n\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n\n\nConsolidated Revenue\n\n\n\n \n\n\n\n$\n\n\n\n111,396\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n247,038\n\n\n\n \n\n\n\n\n\nSystem-wide Revenue (1)\n\n\n\n \n\n\n\n$\n\n\n\n263,322\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n449,389\n\n\n\n \n\n\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n\n\nSystem-wide Same-Store Sales Comps (2)\n\n\n\n \n\n\n\n(32.6\n\n\n\n)%\n\n\n\n \n\n\n\n(1.1\n\n\n\n)%\n\n\n\n\n\nFranchise Same-Store Sales Comps (2)\n\n\n\n \n\n\n\n(31.9\n\n\n\n)%\n\n\n\n \n\n\n\n(0.1\n\n\n\n)%\n\n\n\n\n\nCompany-owned Same-Store Sales Comps\n\n\n\n \n\n\n\n(34.8\n\n\n\n)%\n\n\n\n \n\n\n\n(2.0\n\n\n\n)%\n\n\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n\n\nOperating Loss\n\n\n\n \n\n\n\n$\n\n\n\n(31,591\n\n\n\n)\n\n\n\n \n\n\n\n$\n\n\n\n(9,906\n\n\n\n)\n\n\n\n\n\nLoss From Continuing Operations\n\n\n\n \n\n\n\n$\n\n\n\n(35,266\n\n\n\n)\n\n\n\n \n\n\n\n$\n\n\n\n(14,178\n\n\n\n)\n\n\n\n\n\nDiluted Loss per Share From Continuing Operations\n\n\n\n \n\n\n\n$\n\n\n\n(0.98\n\n\n\n)\n\n\n\n \n\n\n\n$\n\n\n\n(0.39\n\n\n\n)\n\n\n\n\n\nEBITDA (3)\n\n\n\n \n\n\n\n$\n\n\n\n(18,939\n\n\n\n)\n\n\n\n \n\n\n\n$\n\n\n\n(5,842\n\n\n\n)\n\n\n\n\n\nas a percent of revenue\n\n\n\n \n\n\n\n(17.0\n\n\n\n)%\n\n\n\n \n\n\n\n(2.4\n\n\n\n)%\n\n\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n\n\nAs Adjusted (3)\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n\n\nNet (Loss) Income, as Adjusted\n\n\n\n \n\n\n\n$\n\n\n\n(27,932\n\n\n\n)\n\n\n\n \n\n\n\n$\n\n\n\n13,903\n\n\n\n \n\n\n\n...

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