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Fiscal 2012 Is Challenging for Regis

Sales slip 2.2% to $2.3 billion.

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By: TOM BRANNA

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Regis posted fourth quarter and fiscal 2012 results. For the year, sales fell 2.2% to $2.3 billion. Same-store sales declined 3.1%; however, net income rose 13% to $80.5 million. For the fourth quarter, sales slipped 4% to $568.2 million. In North American salons, revenues fell 4.7% to $487.9 million. Commenting on fiscal 2012, Dan Hanrahan, president and chief executive officer, said, “Regis faced a number of challenges in the past year, but reported operational earnings per dilut...

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