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.
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by RTT Staff Writer
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