Regis Corporation (NYSE: RGS) reported Q1 EPS of ($0.15), which may not compare to the analyst estimate of ($0.04). Revenue for the quarter came in at $464.6 million versus the consensus estimate of $459.23 million.

Dan Hanrahan, President and Chief Executive Officer, commented, “Our first quarter same-store sales performance provides support that more of our leaders are beginning to execute our strategy. First quarter same-store sales increased 60 basis points compared to the prior year quarter. Service same-store sales were flat, demonstrating continued improvement in our execution capabilities during the past two quarters. Our focus on and investments in SmartStyle and Supercuts are producing results, as these core value businesses posted blended positive service comps of 2.8% during the first quarter. While more of our leaders are beginning to drive improved results, we continue to have a wide range of performance within our salon portfolio. We are focused on driving consistency in execution across the portfolio to deliver further sustainable improvement. Higher promotion levels and increased service guest traffic contributed to retail sales improvements. However, we are lapping our most disruptive quarter when we executed the plan-o-gram reset. Our retail performance over the past several years tells us we have significant work to do before we deliver consistent retail results. We did make progress during the quarter on our three key priorities. Our asset protection, leadership development, and technical education programs are contributing to our execution progress. I am encouraged by the trend improvement we saw in the first quarter and appreciative of the hard work coming from the entire Regis organization. However, we have significant work ahead of us before we are executing consistently, driving performance, and realizing improved profitability from investments we are making to turn around our business.”

For earnings history and earnings-related data on Regis Corporation (RGS) click here.