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RGS - Regis News Story

$9.26 0.2  2.7%

Last Trade - 14/05/21

Sector
Consumer Defensives
Size
Small Cap
Market Cap £235.1m
Enterprise Value £336.6m
Revenue £266.8m
Position in Universe 4031st / 6846

BRIEF-Regis Q4 Loss Per Share $0.14 From Continuing Operations

Tue 27th August, 2019 11:14am
Aug 27 (Reuters) - Regis Corp  RGS.N :
    * REGIS REPORTS FOURTH QUARTER AND FULL YEAR 2019 OPERATING
RESULTS AND ANNOUNCES ITS DECISION TO TRANSITION THE BALANCE OF
ITS COMPANY-OWNED SALONS TO A FULLY FRANCHISED MODEL
    * Q4 LOSS PER SHARE $0.14 FROM CONTINUING OPERATIONS
    * Q4 REVENUE FELL 17.4 PERCENT TO $248.2 MILLION
    * Q4 ADJUSTED EARNINGS PER SHARE $0.62 EXCLUDING ITEMS
    * ANTICIPATES THAT IT MAY REQUIRE 18 TO 24 MONTHS TO
COMPLETE ITS
CONVERSION TO A FULLY FRANCHISED PORTFOLIO
    * ANNOUNCES ITS INTENT TO CONVERT TO A FULLY FRANCHISED
MODEL
    * REGIS- AS OF END OF FISCAL 2019, ABOUT 48% OF CO-OWNED
PORTFOLIO, ARE IN VARIOUS STAGES OF NEGOTIATION TO BE PURCHASED
BY NEW OR EXISTING FRANCHISEES
    * SOLD AND TRANSFERRED 265 CO-OWNED SALONS TO ITS
ASSET-LIGHT
FRANCHISE PORTFOLIO IN QUARTER
    * IN Q4, REPURCHASED 2.6 MILLION SHARES FOR A TOTAL OF $48.3
MILLION

Source text for Eikon:  ID:nBw2m0003a 
Further company coverage:  RGS.N 

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