NYSE$RGS

Regis Corp · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Regis reported an increase in revenue and a reduced net loss compared to the previous year, driven by the completion of its business transformation and the rollout of its technology platform.

Regis Corporation reported Q4 2021 results, highlighting the completion of its transformational phase and progress on foundational initiatives. System-wide same-store sales increased by 4.2% compared to Q4 2020. The company finalized its corporate reorganization and zero-based budgeting process, resulting in a right-sized G&A structure. The rollout of the Opensalon® Pro technology platform continued, with over 2,100 salons now running or contracted to install it.

  • Completed business transformation to a fully-franchised model, refranchising, negotiating lease buyouts, or closing at lease term 550 company-owned salons during the quarter and 1,356 during the fiscal year.
  • System-wide same-store sales increased 4.2% compared to Q4 2020.
  • Finalized corporate re-organization and zero-based budgeting process, resulting in a right-sized G&A structure.
  • Continued rollout of proprietary technology platform Opensalon® Pro, with over 2,100 salons now running or have signed contracts to install.

Headline financials

Total Revenue

$99.1M

Previous: $60.1M+64.8%
EPS (adj)

-$14.80

Previous: -$20.20+26.7%
System-wide SSS Comps

4.2%

Previous: -20.2%+120.8%
Franchise SSS Comps

4.4%

Previous: -20.4%+121.6%
Company-Owned SSS Comps

-7.0%

Previous: -18.9%+63.0%
Franchise Salons

73.8M

Previous: 5.2K+1416678.7%
Capital Expenditures

$1.87M

Previous: $5.16M-63.9%
Free Cash Flow

-$21.7M

Previous: -$40.6M+46.4%
Net Income

-$34.3M

Previous: -$73.6M+53.3%
Operating Income

-$27.3M

Previous: -$68.6M+60.2%
Gross Profit

$30.6M

Previous: $10.8M+184.3%
Cash & Equivalents

$19.2M

Previous: $114M-83.1%
Total Assets

$996M

Previous: $1.34B-25.8%
Stock-Based Comp

$1.46M

Previous: $1.16M+25.9%

Revenue & EPS history

Regis · Revenue · Quarterly

$99.1M

Q4 2021+64.8%vs Q4 2020
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Revenue by segment

Regis · $25.3M total across 1 segment · Q4 2021

  • Company-owned Salons
    $25.3M+1550145.1%

Forward guidance

Regis is well-positioned heading into fiscal year 2022 due to achievements during a time of unprecedented challenges.

Tailwinds

  • New team in place.
  • Brand-centric focus to drive sales.
  • Right business model for growth.
  • Right-sized organizational structure.
  • Technology platform to support and drive growth.

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 Q4 2021

Historical avgQ4 2021

-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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