Regis Reports Second Quarter 2021 Results and Takes Action on a Number of Initiatives to Position the Company for Growth

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[{"type":"text","content":"\nThe Company Continues To Make Progress In Its Transition To A Fully-Franchised Model With The Sale And Conversion Of An Additional 145 Company-Owned Salons To Its Franchise Portfolio During The Quarter\n\nSecond Quarter 2021 Results Were Materially Impacted By The COVID-19 Pandemic; Excluding Discrete Items, The Company Reported Second Quarter 2021 Adjusted Net Loss of $25.9 Million\n\nAs Of December 31, 2020, Approximately 84% Of The Company's Salon Portfolio Was Franchised\n\n MINNEAPOLIS--(BUSINESS WIRE)--\nRegis Corporation (NYSE: RGS):\n\n\n\n \n\n\n\n \n\n\n\nThree Months Ended December 31,\n\n\n\n \n\n\n\nSix Months Ended December 31,\n\n\n\n\n\n(Dollars in thousands)\n\n\n\n \n\n\n\n2020\n\n\n\n \n\n\n\n2019\n\n\n\n \n\n\n\n2020\n\n\n\n \n\n\n\n2019\n\n\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n\n\nConsolidated Revenue\n\n\n\n \n\n\n\n$\n\n\n\n104,320\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n208,765\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n215,716\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n455,803\n\n\n\n \n\n\n\n\n\nSystem-wide Revenue (1)\n\n\n\n \n\n\n\n$\n\n\n\n261,452\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n428,731\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n523,573\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n878,019\n\n\n\n \n\n\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n\n\nSystem-wide Same-Store Sales Comps (2)\n\n\n\n \n\n\n\n(32.0\n\n\n\n)%\n\n\n\n \n\n\n\n(2.3\n\n\n\n)%\n\n\n\n \n\n\n\n(32.3\n\n\n\n)%\n\n\n\n \n\n\n\n(1.7\n\n\n\n)%\n\n\n\n\n\nFranchise Same-Store Sales Comps (2)\n\n\n\n \n\n\n\n(31.1\n\n\n\n)%\n\n\n\n \n\n\n\n(1.4\n\n\n\n)%\n\n\n\n \n\n\n\n(31.5\n\n\n\n)%\n\n\n\n \n\n\n\n(0.8\n\n\n\n)%\n\n\n\n\n\nCompany-owned Same-Store Sales Comps\n\n\n\n \n\n\n\n(36.2\n\n\n\n)%\n\n\n\n \n\n\n\n(3.6\n\n\n\n)%\n\n\n\n \n\n\n\n(35.4\n\n\n\n)%\n\n\n\n \n\n\n\n(2.7\n\n\n\n)%\n\n\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n\n\nOperating Loss\n\n\n\n \n\n\n\n$\n\n\n\n(26,755\n\n\n\n)\n\n\n\n \n\n\n\n$\n\n\n\n(7,466\n\n\n\n)\n\n\n\n \n\n\n\n$\n\n\n\n(58,345\n\n\n\n)\n\n\n\n \n\n\n\n$\n\n\n\n(17,372\n\n\n\n)\n\n\n\n\n\nLoss From Continuing Operations\n\n\n\n \n\n\n\n$\n\n\n\n(32,879\n\n\n\n)\n\n\n\n \n\n\n\n$\n\n\n\n(16,520\n\n\n\n)\n\n\n\n \n\n\n\n$\n\n\n\n(68,144\n\n\n\n)\n\n\n\n \n\n\n\n$\n\n\n\n(30,698\n\n\n\n)\n\n\n\n\n\nDil...

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