$27.125
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RGS 资讯
RGS 事件
Regis Corporation Reports Q3 Revenue of $52.4M
Reports Q3 revenue $52.4M vs. $57.0M last year. Reports Q3 Same-store sales: Supercuts: 5.0%; Company-owned: 9.6%; Consolidated: 2.6%. Susan Lintonsmith, Regis Corporation's President and CEO commented, "Our Q3 results reflect another quarter of solid execution, demonstrated by increasing profitability and solid cash flow generation. We are encouraged by the momentum we are building, particularly at Supercuts and our company-owned salons, which delivered same-store sales growth of 5.0% and 9.6%, respectively. This performance was supported by ticket strength and favorable seasonal conditions." Lintonsmith continued, "Sustained value creation will ultimately be driven by higher salon traffic across the system. As we execute our strategy, we are focused on a set of initiatives designed to drive that outcome, including consistent execution of brand standards, optimization of our operating model and planned deployment of technology to deliver a consistent and more elevated guest experience. We are advancing these efforts through investments in the company-owned salon business, training, targeted marketing programs, and loyalty programs. By directing resources to the areas with the greatest potential impact on performance, we are positioning the business to unlock the next phase of value creation across our portfolio."
Regis Appoints New CEO and Board Chair
Regis announced key executive leadership and board appointments that will build on the company's recent strategic progress, further enhance operational excellence and guide its next phase of growth. Susan Lintonsmith, former board chair, has been appointed president and CEO; Jim Lain will assume the role of COO; Nancy Benacci has been named the new chair of the board; and Andrew Alfano has been appointed as an independent director.
Regis reports preliminary quarter-to-date SSS growth of 3% for Supercuts
The company reports positive preliminary quarter-to-date same-store sales growth of 3.0% for Supercuts and 1.3% on a consolidated basis for the first two months of the fourth quarter of fiscal 2025 as compared with the same periods last year. Month-to-date same-store-sales through June 15, 2025 for Supercuts and Regis Consolidated are also positive as compared with the same period last year. Quarter-to-date operating expenses have remained consistent with the third quarter of fiscal 2025.
Regis CEO Matthew Doctor steps down, Jim Lain named interim
Regis Corporation announced that Matthew Doctor has made the decision to step down from his roles as President, CEO and Director of the company effective June 30. The Board of Directors has appointed Jim Lain, current EVP Brand Operations - Supercuts and Cost Cutters, to serve as interim President and CEO while the company conducts a comprehensive search for a permanent successor. The Board has formed a Succession Planning Committee led by director Susan Lintonsmith and has engaged a leading executive search firm to help identify the next CEO, which will include both internal and external candidates. In the interim, Jim Lain, current EVP Brand Operations - Supercuts and Cost Cutters, will work closely with the executive team and Board to ensure a seamless transition and continued execution of the company's strategic priorities. To ensure a smooth transition, Matt Doctor will be staying on in a support role until September 1.
Regis acquires Alline Salon Group for $22M
Regis acquired Alline Salon Group - ASG -, its largest franchisee, in a transaction valued at $22M of initial consideration, with the ability for ASG to earn an additional $3M - $1M annually - through earn out payments over the next three years. The transaction includes 314 salon portfolio across five states, primarily Michigan, Ohio and Pennsylvania. Trailing 12 month October 2024 financial highlights: $83M in revenue, $11.1M in 4-wall EBITDA, $5.8M in EBITDA. Initial consideration represents 3.79x TTM EBITDA; total consideration including potential earn out represents 4.31x TTM EBITDA. Under the terms of the purchase agreement, Regis will acquire all of Alline's issued and outstanding membership interests for $22M in a cash and stock transaction, of which $19M of the initial consideration was delivered in cash, in addition to shares of Regis common stock valued at $3M. The agreement also includes additional performance-based earnout opportunities of up to $3M, in $1M increments, over the next 3 years. Regis funded the $19M cash portion of the purchase price with $15M in proceeds from an upsize of Regis' credit agreement with existing lenders, and $4M from available cash on hand. The transaction is accretive to Adjusted EBITDA.
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