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Fourth quarter results fall 2%
July 7, 2009
By: TOM BRANNA
Editor
Regis Corporation reported that consolidated revenues decreased 2.5% in the fourth fiscal quarter of 2009 to $625 million. Fourth quarter total same-store sales decreased 4.0%. Same-store sales for the year decreased 3.1%. The good news is that company executives said that total debt at the end of fiscal 2009 is expected to be between $635 and $650 million, significantly below the previously announced goal of $700 million. The company’s debt stood at $807 million as of September 30, 200...
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