logo
Share SHARE
FONT-SIZE Plus   Neg

Regis March, Q3 Same Store Sales Down - Quick Facts

Regis Corp.(RGS: Quote), an operator of hair and retail product salons, on Monday reported that its third-quarter consolidated revenues decreased 1.3 percent to $573.62 million from $581.27 million a year ago.

Third-quarter total same-store sales decreased 3.4 percent, compared to a 2 percent decline last year. Same-store customer counts decreased 3 percent for the quarter.

Eric Bakken, EVP, Interim Corporate Chief Operating Officer, stated, "Third quarter same-store sales results came in at the lower end of our expectations. However, we are encouraged by our March same-store sales which were down 1.7 percent versus down 4.3 percent for the first two months of the quarter."

The company said it is taking aggressive steps to improve performance by simplifying operating model and focusing business around four distinct consumer segments with differentiated marketing strategies and product offerings.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Courier Corp. (CRRC) announced Wednesday that its Board has reasonably determined that the non-binding, unsolicited proposal from R.R. Donnelley & Sons Company (RRD) to acquire the Company for $23.00 per share in cash or RR Donnelley common stock is reasonably likely to result in a "Superior Proposal"... Diversified electronics maker TE Connectivity Ltd. agreed Wednesday to sell its broadband network solutions or BNS business unit to telecommunications company CommScope Holding Co., Inc. in an all-cash deal valued at about $3 billion. The sale will enable TE to focus on providing leading connectivity and sensor solutions, particularly harsh environment connectivity. Online foreign exchange trading company FXCM Inc (FXCM) on Wednesday announced its decision to forgive about 90% of its clients who incurred negative balances in certain jurisdictions, on January 15 as a result of the Swiss National Bank announcement on that date. FXCM will notify the applicable clients...
comments powered by Disqus
Follow RTT