Regis Corporation (RGS) Tops Q2 EPS by 16c

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Go back to Regis Corporation (RGS) Tops Q2 EPS by 16c

Regis Reports Second Quarter 2020 Operating Results and Estimates That Its Transition to a Franchise Platform Will Be Substantially Complete by Calendar Year-end; Company Begins Meaningful G&A Red

February 3, 2020 5:27 PM EST

The Company Continues To Make Significant Progress In Its Transition To A Fully-Franchised Model With The Sale And Conversion Of An Additional 443 Company-Owned Salons To Its Asset-Light Franchise Portfolio During The Quarter; Year-To-Date, The Company Has Sold And Converted 988 Company-Owned Salons To Its Franchise Portfolio

Approximately 900 Company-Owned Salons, Or Approximately 50% Of The Remaining Company-Owned Salon Portfolio Available For Sale Are Now In Various Stages Of Negotiations To Be Purchased After Adjusting For Expected Salon Closures

Significant Progress In Transition Enables The Company's Retention Of Guggenheim Securities, LLC,... More