Regis Corporation (RGS) Tops Q1 EPS by 27c

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Regis Reports First Quarter 2020 Operating Results and Continues to Make Significant Progress in Its Transiton to a Capital Light, High Growth and Technology Enabled Fully Franchised Model

October 29, 2019 6:00 AM EDT

During The First Quarter, The Company Successfully Sold and Converted 545 Company Owned Salons to Franchise Operations Generating $38 Million In Cash Proceeds

Approximately 900 Company Owned Salons, or Approximately 42% Of The Remaining Company Owned Salon Portfolio Are Now In Various Stages Of Negotiations To Be Purchased By New Or Existing Franchisees

MINNEAPOLIS--(BUSINESS WIRE)-- Regis Corporation (NYSE: RGS):

 

 

Three Months Ended September 30,

(Dollars in thousands)

 

2019

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