Company Operations - As of September 30, 2024, Regis Corporation operated 4,359 locations, including 4,350 franchised salons and 9 company-owned salons[78]. Financial Performance - System-wide revenue for the three months ended September 30, 2024, was $285.6 million, a decrease of 6.5% from $306.6 million in the same period of 2023[84]. - Total system-wide same-store sales decreased by 1.1% for the three months ended September 30, 2024, compared to an increase of 1.8% in the same period of 2023[84]. - Royalties decreased by $0.9 million, or 5.5%, primarily due to a decrease in franchise salon count and negative same-store sales[89]. - Franchise revenue decreased by $6.1 million to $45.3 million for the three months ended September 30, 2024, compared to $51.4 million in the same period of 2023[102]. - Franchise same-store sales declined by 1.2% for the three months ended September 30, 2024, compared to an increase of 1.7% in the prior year[102]. - Franchise adjusted EBITDA totaled $8.0 million, a decrease of $0.6 million from $8.6 million in the same period of 2023[103]. - Company-owned salon revenue decreased by $1.1 million, or 59.5%, due to a reduction in company-owned salon count[91]. - Company-owned salon revenue decreased by $1.1 million to $1.9 million for the three months ended September 30, 2024, primarily due to a decrease in salon count[106]. Expenses and Costs - General and administrative expenses increased by $3.3 million, or 30.8%, primarily due to severance costs of $2.3 million and stock-based compensation[92]. - Interest expense decreased by $1.4 million, primarily due to less debt outstanding compared to the same period in 2023[95]. Cash and Debt Management - As of September 30, 2024, cash and cash equivalents were $6.3 million, with $5.4 million in the United States and $0.9 million in Canada[110]. - The company's total debt to capitalization ratio was 66.2% as of September 30, 2024, down from 67.0% in June 2024[119]. - Cash used in operating activities improved to $1.3 million for the three months ended September 30, 2024, compared to $2.8 million in the same period of 2023[116]. - The company has a $25.0 million revolving credit facility that matures in June 2029, with $15.7 million of unused available credit as of September 30, 2024[111]. Tax and Income - The effective tax rate for the three months ended September 30, 2024, was 11.1%, compared to (14.1)% in the same period of 2023[97]. - Income from discontinued operations increased by $1.0 million, primarily due to proceeds from the sale of OSP related to salons migrating to the Zenoti platform[98]. Future Expectations - The company expects additional proceeds of approximately $7.0 to $7.5 million from the sale of its OSP software-as-a-service solution in fiscal year 2025[112]. - No shares were repurchased during the three months ended September 30, 2024, with approximately 1.5 million shares repurchased cumulatively for $595.4 million[121].

AngloGold Ashanti plc (AU) and its Tropicana joint venture partner Regis have authorized the Havana underground project in Western Australia. This move is set to increase gold production at the Tropicana mine and extend its life. AngloGold Puts Efforts to Boost Production at Tropicana The Havana underground project is planned to enhance gold output between 2027 and 2029 beyond the Tropicana mine's existing production levels. Tropicana's gold production will be increased by three separate, underground source ...

Jetta Productions Inc/DigitalVision via Getty Images Author's Update On August 8th, 2024, I wrote a report discussing the reasoning behind the incredible shareholder friendly refinancing where banks transferred $34 per share of value to shareholders, and projected FY 2025 EBITDA of $30MM linked here. In this report, I will discuss the most recent 4th quarter 2024 results, provide historical context on the company's declining store base, and provide reasoning as to why revenue growth should turn positive in ...

Regis Corporation (NASDAQ:RGS) Q4 2024 Earnings Conference Call August 28, 2024 8:30 AM ET Company Participants Kersten Zupfer - Executive Vice President, Chief Financial Officer Matthew Doctor - President and Chief Executive Officer Conference Call Participants Kersten Zupfer Good morning, and thank you for joining the Regis Fourth Quarter and Full-Year 2024 Earnings Conference Call. I am your host, Kersten Zupfer, Executive Vice President and Chief Financial Officer. I am joined today by our President and ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-12725 Regis Corporation (Exact name of registrant as specified in its charter) Minnesota (State or other jurisdiction of incorporation or o ...

This highly anticipated milestone opening underscores the company's industry-leading luxury portfolio and continued strong global growth BETHESDA, Md., Aug. 16, 2024 /PRNewswire/ -- Marriott International, Inc. (NASDAQ: MAR) announced its 9,000th property with the opening of The St. Regis Longboat Key Resort. Situated on an expansive 18 acres in Longboat Key, Florida, this luxury beachfront property features 168 exquisite guestrooms, including 26 suites, and offers breathtaking ocean views, outstanding culi ...

Comstock/Stockbyte via Getty Images Company Overview Regis Corporation (NASDAQ:RGS) "the company" is one of the largest hair salons in the country with approximately 4,500 salons. The company's salons operate in the value segment of the market under the brands Supercuts, SmartStyle, Cost Cutters, First Choice Haircutters, and Roosters Men's Grooming Center. RGS is a small capitalization stock that trades on the NASDAQ exchange. The company's turnaround is in its final stages and now has a capital structure ...

Regis Corporation NYSE: RGS experienced a remarkable surge yesterday, with the stock skyrocketing by 200% at the time of writing. This impressive rise, accompanied by an abnormal increase in trading volume, prompts a closer examination of the catalyst behind this movement and the company's fundamentals. Catalyst for Regis Corporation's Stock Surge Additionally, Regis will have access to a $25 million revolving credit facility, with both the term loan and the credit facility maturing on June 24, 2029. This r ...

Regis Corporation (NASDAQ: RGS) has seen a massive spike in its share price growth in the past 24 hours, rising $15.45 – over 300%. Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins. On June 25, Regis' stock price soared 304.73% to close at $20.52 during the US trading session, before correcting down slightly by $0.70 to trade at $19.82 in after hours trading – still a significant leap up from the previous day's close of just $5.07 on June 24. But why t ...

Regis (NASDAQ:RGS) stock is up on Tuesday after the hair care salon company announced a new credit facility. Regis has secured a $105 million term loan that will replace its current debt. This will allow it to pay off its $80 million in debt, which will save it $7 million in annual interest payments. This will also give the company to a $25 million revolving credit facility. This and the new term loan have a maturity date of June 24, 2029. The lenders of these loans are TCW Asset Management Company LLC and ...