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Salon franchise reports a $64,000 loss in quarter.
April 29, 2010
By: TOM BRANNA
Editor
A noncash aftertax impairment charge of $23.4 million related to its salon division dropped Regis Corp. to a $64,000 loss during the third quarter ended March 31. The results, breakeven on a per-share basis, compare with net income of $8.9 million, or 21 cents a diluted share, in the year-ago period. Excluding the onetime item, earnings per share in the 2010 quarter were 37 cents, beating by 5 cents the average expectations of analysts. The firm reported on April 8 that revenues in the q...
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