NYSE$RGS

Regis Corp · Q2 2023 earnings

Q2 2023 earnings · · Investor relations

Briefing

Regis Corporation reported progress in the second quarter of 2023, achieving the highest first-half operating income in five years.

Regis Corporation reported improved financial results for Q2 2023, with system-wide same-store sales increasing by 4.5%. Operating income improved to $0.7 million, and adjusted EBITDA reached $7.8 million. The company's net loss improved to $2.4 million, reflecting the success of its transformation to an asset-light franchise business.

  • System-wide same-store sales increased 4.5% in the quarter.
  • Operating income improved $1.2 million to $0.7 million.
  • Franchise adjusted EBITDA of $7.5 million compared to $5.7 million in the 2022 second quarter.
  • Net loss of $2.4 million improved $2.5 million from a loss of $4.9 million in the 2022 second quarter.

Headline financials

Total Revenue

$60M

Previous: $70.3M-14.6%
EPS (adj)

-$1.20

Previous: -$1.20+0.0%
Capital Expenditures

-$361K

Previous: -$2.95M+87.8%
Free Cash Flow

-$2.77M

Previous: -$7.88M+64.9%
Net Income

-$2.41M

Previous: -$4.93M+51.2%
Operating Income

$730K

Previous: -$1.13M+164.8%
Gross Profit

$58.7M

Previous: $70.3M-16.4%
Cash & Equivalents

$9.41M

Previous: $35.4M-73.5%
Total Assets

$688M

Previous: $926M-25.7%
Stock-Based Comp

$580K

Previous: -$1.37M+142.2%

Revenue & EPS history

Regis · Revenue · Quarterly

$60M

Q2 2023-14.6%vs Q2 2022
Beat estimate in 0 of 7 quarters(0%)
ActualEstimate

Revenue by segment

Regis · $60M total across 2 segments · Q2 2023

  • Franchise
    $57.4M-12.0%
  • Company-owned Salons
    $2.6M-48.0%

Forward guidance

The company did not provide specific forward guidance in this earnings report.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q2 2023

Historical avgQ2 2023

-2.5%

Avg return

Earnings day

-3.8%

Avg return

5 days after

-6.3%

Avg return

30 days after

39%

26 / 67 earnings

Positive

+27.1%

Q1 2016

Best reaction

-28.8%

Q3 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2026+9.9%+9.7%
Q2 2026-6.4%-5.1%-8.9%
Q1 2026+0.2%-3.6%+3.8%
Q3 2025+10.0%+8.3%+18.1%
Q2 2025-21.2%-10.6%-31.7%
Q1 2025-18.7%-17.9%+4.3%
Q4 2024+1.8%-6.2%+23.9%
Q3 2024+2.9%+5.7%-18.5%
Q2 2024-5.8%-6.6%-40.2%
Q1 2024-8.9%-8.6%-39.5%
Q4 2023-11.2%-18.4%-38.4%
Q3 2023-11.0%-12.7%-6.8%
Q2 2023+4.9%+1.2%-15.2%
Q1 2023+13.7%+12.0%+9.4%
Q4 2022+0.7%+6.3%-34.3%
Q3 2022-28.8%-15.2%-55.2%
Q2 2022+3.9%+1.3%+5.9%
Q1 2022-6.8%-5.5%-11.6%
Q4 2021-16.6%-22.6%-45.9%
Q3 2021-19.7%-23.9%-22.5%
Q2 2021+7.8%+11.7%+22.9%
Q1 2021-5.1%-2.3%+64.3%
Q4 2020-17.2%-23.2%-32.4%
Q3 2020-7.8%-6.7%-13.7%
Q2 2020-3.4%-8.8%-25.9%
Q1 2020-7.9%-12.2%-30.4%
Q4 2019-3.6%+1.6%+25.9%
Q3 2019-9.9%-4.5%-2.5%
Q2 2019+1.9%+4.4%-0.1%
Q1 2019-11.4%-10.9%-5.9%
Q4 2018+18.3%+18.9%+17.7%
Q3 2018+5.1%+2.1%+10.7%
Q2 2018-3.2%-3.0%+0.6%
Q1 2018+0.3%-1.2%+8.2%
Q4 2017+18.5%+18.1%+30.9%
Q3 2017-15.9%-12.7%-9.2%
Q2 2017-6.1%-6.0%-8.6%
Q1 2017+7.1%+4.4%+19.0%
Q4 2016+0.7%-4.6%-7.2%
Q3 2016-14.6%
Q2 2016+1.6%
Q1 2016+27.1%
Q4 2015-17.7%
Q3 2015-1.3%
Q2 2015-2.1%
Q1 2015-2.1%
Q4 2014-1.7%
Q3 2014-1.9%
Q2 2014-10.3%
Q1 2014+7.5%
Q4 2013-5.2%
Q3 2013+0.0%
Q2 2013+7.8%
Q1 2013-17.7%
Q4 2012-0.8%
Q3 2012-0.6%
Q2 2012-2.0%
Q1 2012-4.7%
Q4 2011+5.3%
Q4 2009+5.3%
Q3 2010-0.4%
Q3 2011-0.4%
Q2 2010-0.7%
Q2 2011-0.7%
Q1 2010+1.1%
Q1 2011+1.1%
Q4 2010+1.1%

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