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Third quarter results were reportedly below company expectations due to a slower sales recovery and the continued wind down of its legacy businesses.
May 10, 2022
By: Lianna Albrizio
Associate Editor
Regis Corporation, a haircare industry leader, announced that total revenue in the third quarter and nine months ended March 31 was $64.7 million and $212.8 million including royalty growth of 23.1% and 31.2%, respectively. Total revenue in the quarter of $64.7 million decreased $35.5 million, or 35.4%, year-over-year, driven primarily by the company exiting company-owned salons that generated significant revenue, but were loss-making. Partially offsetting the decline in company-owned...
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