Regis Corporation (RGS) Tops Q2 EPS by 6c
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Regis Corporation Reports Second Quarter Fiscal Year 2022 Earnings
February 2, 2022 5:30 PM ESTMINNEAPOLIS--(BUSINESS WIRE)-- Regis Corporation (NYSE: RGS), a leader in the haircare industry, today reported results for the second fiscal quarter ended December 31, 2021 versus the prior year as noted below. Results reflect an improvement in system-wide same stores sales and a lower cost structure.
Total revenue in the quarter of $70.3 million decreased $34.1 million, or 32.7%, year-over-year, driven primarily by exiting company-owned salons that generated significant revenue, but were loss making. System-wide same-store sales increased 22.1%. Reported G&A declined $10.7 million and adjusted G&A declined $9.8... More