Northcoast Research Downgrades Regis Corporation (RGS) to Sell
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Regis Reports Fourth Quarter 2015 Results
August 28, 2015 6:00 AM EDTMINNEAPOLIS--(BUSINESS WIRE)-- Regis Corporation (NYSE: RGS), a leader in the haircare industry, whose primary business is owning, operating and franchising hair salons, today reported results for its fiscal fourth quarter ended June 30, 2015 versus the prior year as noted below.
As a result of the Company's valuation allowance against most of its deferred tax assets, associated reported and as adjusted, after-tax results are not comparable to prior periods.
Sales of $462.9 million, a decline of $(21.0) million. Same-store sales decreased 0.8%. Same-store service and product sales decreased 0.6% and 1.8%, respectively.... More