NYSE$RGS

Regis Corp · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

Regis Corporation demonstrated continued profitability through strategic initiatives.

Regis Corporation reported improved operating income and adjusted EBITDA compared to the same quarter last year, driven by lower general and administrative expenses, despite a decrease in system-wide revenue. The company is focused on long-term growth through customer experience improvements, new technology implementation, stylist community support, and expense management.

  • System-wide revenue declined to $286.8 million, but same-store sales improved by 0.5%.
  • Operating income increased to $4.1 million, up from $2.0 million in the prior year.
  • Franchise adjusted EBITDA rose to $5.8 million, compared to $4.8 million in the previous year.
  • Net loss was $2.3 million, an increase from a net loss of $1.6 million in the third quarter of 2023.

Headline financials

Total Revenue

$49.2M

Previous: $55.8M-11.8%
EPS

-$1.00

Previous: -$0.80-25.0%
System-wide SSS Comps

0.5%

No prior period
Franchise SSS Comps

0.5%

No prior period
Adjusted EBITDA

$5.35M

No prior period
Franchise Salons

4.5K

No prior period
Company-Owned Salons

1.3M

No prior period
Capital Expenditures

-$372K

Previous: -$339K-9.7%
Free Cash Flow

-$2.7M

Previous: -$1.98M-36.4%
Net Income

-$2.33M

Previous: -$1.64M-41.9%
Operating Income

$4.08M

Previous: $2M+103.8%
Gross Profit

$49.2M

Previous: $55.8M-11.8%
Cash & Equivalents

$5.89M

Previous: $8.79M-33.0%
Total Assets

$544M

Previous: $641M-15.2%
Stock-Based Comp

$311K

Previous: $557K-44.2%

Revenue & EPS history

Regis · Revenue · Quarterly

$49.2M

Q3 2024-11.8%vs Q3 2023
Beat estimate in 0 of 7 quarters(0%)
ActualEstimate

Revenue by segment

Regis · $47.1M total across 2 segments · Q4 2024

  • Franchise
    $47.1M-12.0%
  • Company-owned Salons
    $17

Forward guidance

Regis Corporation is focused on improving customer experience, implementing new technology, supporting the stylist community, and managing corporate expenses. The Board continues to review strategic alternatives to assess the Company's capital structure, and they remain dedicated to maximizing value for all of their stakeholders.

Tailwinds

  • Improving the customer experience
  • Implementing new technology
  • Supporting the stylist community
  • Managing corporate expenses
  • Maximizing value for all stakeholders

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 Q3 2024

Historical avgQ3 2024

-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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