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RGS - Regis News Story

$12.76 -0.1  -0.9%

Last Trade - 12/04/21

Sector
Consumer Defensives
Size
Small Cap
Market Cap £336.0m
Enterprise Value £448.5m
Revenue £313.4m
Position in Universe 3626th / 6825

BRIEF-Regis Announces Additional G&A Reductions, Significant Progress In Salon Re-Openings

Mon 6th July, 2020 11:17am
July 6 (Reuters) - Regis Corp  RGS.N :
    * REGIS ANNOUNCES ADDITIONAL G&A REDUCTIONS, SIGNIFICANT
PROGRESS
IN SALON RE-OPENINGS AND CONTINUED PROGRESS IN ITS TRANSITION TO
A FULLY FRANCHISED MODEL
    * REGIS CORP - ADDITIONAL RESTRUCTURING ACTIONS ARE EXPECTED
TO
RESULT IN NEARLY $6.0 MILLION OF ANNUALIZED GENERAL AND
ADMINISTRATIVE EXPENSE SAVINGS
    * REGIS CORP - ANNOUNCED THAT 84% OF CO'S SYSTEM-WIDE SALONS
WERE
OPEN AS OF JULY 1(ST)
    * REGIS CORP - CHIEF OPERATING OFFICER HAS RESIGNED
    * REGIS CORP - CLOSED ON SALE OF 88 COMPANY-OWNED LOCATIONS
TO
FRANCHISEES DURING MONTH OF JUNE
    * REGIS CORP - RE-STARTED ITS REFRANCHISING PROCESS IN JUNE
    * REGIS CORP - AS OF JULY 1(ST), 88% OF FRANCHISE SALON
LOCATIONS
WERE OPEN AND 68% OF COMPANY-OWNED SALONS WERE OPEN

Source text for Eikon:  ID:nBw8zX5Xla 
Further company coverage:  RGS.N 

 ((Reuters.Briefs@thomsonreuters.com;))
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