Regis (RGS) Reports Comps Fell 5.4% in Q2
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Regis Corporation (NYSE: RGS) today reported consolidated revenues decreased 4.0% in Q209 to $655 million, compared to $682 million a year ago. Deconsolidation of the European franchise salon operations reduced revenue in the quarter by approximately $17 million. Absent the impact of the European deconsolidation, consolidated revenues for the quarter would have decreased 1.6%.
Second quarter total same-store sales decreased 5.4%, falling below the previously issued guidance of negative 1.0% to positive 1.0%.
Regis Corporation engages in the ownership, operation, and franchising of hairstyling and hair care salons in the United States, the United Kingdom, Canada, Puerto Rico, and internationally.
Second quarter total same-store sales decreased 5.4%, falling below the previously issued guidance of negative 1.0% to positive 1.0%.
Regis Corporation engages in the ownership, operation, and franchising of hairstyling and hair care salons in the United States, the United Kingdom, Canada, Puerto Rico, and internationally.
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