Regis (RGS) Sales Fall 2.5% in Q3; Comps Down 4.5%

Regis Corporation (NYSE: RGS) today reported consolidated revenues decreased 2.5% in Q3 to $604 million, compared to $619 million a year ago. Deconsolidation of the European franchise salon operations reduced revenue in the quarter by approximately $5 million. Absent the impact of the European deconsolidation, consolidated revenues for the quarter would have decreased 1.7%.

Q3 total same-store sales decreased 4.5%.

Sees Q3 same store sales affected by approximately 1.0% due the shift in Easter from Q3 in the prior year to Q4 in the current year.

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