Regis Q3 revenue falls on franchise weakness
Overview
US haircare salon operator's fiscal Q3 revenue fell yr/yr due to lower franchise income
Adjusted EPS for fiscal Q3 rose yr/yr as profitability improved
Company-owned salon same-store sales rose 9.6%, supporting improved operating income
Outlook
Company did not provide specific financial guidance for future quarters or the full year in its press release
Result Drivers
FRANCHISE REVENUE DECLINE - Co said lower royalties, fees, and franchise rental income from fewer franchise salons and franchisees signing their own leases drove revenue decrease
COMPANY-OWNED SALON GROWTH - Co said higher company-owned salon revenue, driven by strong same-store sales and the Alline acquisition, supported operating income
COST MANAGEMENT - Co attributed improved profitability to reductions in general and administrative expenses
Company press release: ID:nBwpf970a
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue |
| $52.40 mln |
|
Q3 Adjusted EPS |
| $0.57 |
|
Q3 EPS |
| $0.26 |
|
Q3 Net Income |
| $735,000 |
|
Q3 Net Income continuing operations |
| $735,000 |
|
Q3 Operating Income |
| $5.7 mln |
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
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