Regis Corporation (RGS) Tops Q1 EPS by 4c, Misses on Revenue
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Regis Corporation Reports Operating Profit for the First Time in 16 Quarters
November 1, 2022 6:00 AM EDTMINNEAPOLIS--(BUSINESS WIRE)-- Regis Corporation (NYSE: RGS), a leader in the haircare industry, today announced financial results for the first fiscal quarter ended September 30, 2022.
Financial Highlights:
First quarter 2023 compared to first quarter 2022:
System-wide same-store sales increased 4.5% in the quarter. Operating profit improved $7.4 million to $2.5 million, from an operating loss of $4.9 million. The last time Regis reported positive operating profit was September 30, 2018. Positive EBITDA of $6.6 million compared to a loss of $5.6 million; adjusted EBITDA was $3.8 million compared... More