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."
