Regis® Reports Improved First Quarter 2022 Results and Enhanced Liquidity Position

About this update from Regis Corporation

[{"type":"text","content":"\nNominal Sales Continue To Improve; Q1 2022 System-Wide Same-Store Sales Up 23.2% Compared To Q1 2021\n\nProactively Bolstered Liquidity By Raising $37 Million In At-The-Market Offering\n\nContinued Rollout Of Proprietary Technology Platform Opensalon® Pro; 46% Of U.S. Franchise Salons Are Now Running Or Have Signed Contracts To Install\n\nTook Action To Further Reduce Annual G&A Spend By Approximately $5 Million\n\n MINNEAPOLIS--(BUSINESS WIRE)--\nRegis Corporation (NYSE: RGS):\n\n\n\n \n\n\n\n \n\n\n\nThree Months Ended September 30,\n\n\n\n\n\n(Dollars in thousands)\n\n\n\n \n\n\n\n2021\n\n\n\n \n\n\n\n2020\n\n\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n\n\nConsolidated revenue\n\n\n\n \n\n\n\n$\n\n\n\n77,756\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n111,396\n\n\n\n \n\n\n\n\n\nSystem-wide revenue (1)\n\n\n\n \n\n\n\n316,285\n\n\n\n \n\n\n\n \n\n\n\n262,322\n\n\n\n \n\n\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n\n\nSystem-wide same-store sales comps\n\n\n\n \n\n\n\n23.2\n\n\n\n%\n\n\n\n \n\n\n\n(32.6\n\n\n\n)%\n\n\n\n\n\nTwo-year system-wide same-store sales comps\n\n\n\n \n\n\n\n(17.1\n\n\n\n)%\n\n\n\n \n\n\n\nN/A\n\n\n\n \n\n\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n\n\nOperating loss\n\n\n\n \n\n\n\n$\n\n\n\n(5,801\n\n\n\n)\n\n\n\n \n\n\n\n$\n\n\n\n(31,591\n\n\n\n)\n\n\n\n\n\nNet loss\n\n\n\n \n\n\n\n(10,378\n\n\n\n)\n\n\n\n \n\n\n\n(35,266\n\n\n\n)\n\n\n\n\n\nDiluted net loss per share\n\n\n\n \n\n\n\n(0.28\n\n\n\n)\n\n\n\n \n\n\n\n(0.98\n\n\n\n)\n\n\n\n\n\nEBITDA (2)\n\n\n\n \n\n\n\n(5,088\n\n\n\n)\n\n\n\n \n\n\n\n(18,939\n\n\n\n)\n\n\n\n\n\nas a percent of revenue\n\n\n\n \n\n\n\n(6.5\n\n\n\n)%\n\n\n\n \n\n\n\n(17.0\n\n\n\n)%\n\n\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n\n\nAs adjusted (2)\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n\n\nNet loss, as adjusted\n\n\n\n \n\n\n\n$\n\n\n\n(10,474\n\n\n\n)\n\n\n\n \n\n\n\n$\n\n\n\n(27,932\n\n\n\n)\n\n\n\n\n\nDiluted net loss per share, as adjusted\n\n\n\n \n\n\n\n(0.28\n\n\n\n)\n\n\n\n \n\n\n\n(0.78\n\n\n\n)\n\n\n\n\n\nEBITDA, as adjusted\n\n\n\n \n\n\n\n(5,635\n\n\n\n)\n\n\n\n \n\n\n\n(18,644\n\n\n\n)\n\n\n\n\n\nas a percent of revenue\n\n\n\n \n\n\n\n(7.2\n\n\n\n)%\n\n\n\n \n\n\n\n(16.7\n\n\n\n)%\n\n\n\n\n_______________________________________________________________________________\n\n\n(1)\n\n\nRepresents total sales within the system.\n\n...

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