Company News, Financial News

Sales Slip at Regis

Salon company's numbers are down due to select retail locations.

Regis Corporation reported fourth quarter 2018 revenue fell 8.1% to $294.9 million, driven primarily by the closure of a net 701 salons and the conversion of 448 company-owned salons to franchised locations, partially offset by positive same-store sales comps of 0.7%. Management estimates the shift of the Easter holiday, from fourth quarter last year to third quarter this year, negatively impacted fourth quarter 2018 same-store sales comps by approximately 90 basis points. On a full year bas...

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