Regis Corp. (RGS) Tops Q4 EPS by 13c: Comps Misses Views
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Regis Reports $11.0 Million Increase in Fourth Quarter 2016 Operating Income
August 23, 2016 6:00 AM EDTMINNEAPOLIS--(BUSINESS WIRE)-- Regis Corporation (NYSE: RGS), a leader in the haircare industry, whose primary business is owning, operating and franchising hair salons, today reported results for its fiscal fourth quarter ended June 30, 2016 versus the prior year as noted below.
As a result of the Company's valuation allowance against most of its deferred tax assets, associated reported and as adjusted, after-tax results are not comparable to prior periods.
Fiscal 2016 Highlights:
Same-store sales increased 0.2%. Franchise revenue increased 6.5%. Repurchased 7.6 million shares... More