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RGS - Regis News Story

$11.78 -0.9  -7.1%

Last Trade - 20/04/21

Sector
Consumer Defensives
Size
Small Cap
Market Cap £324.5m
Enterprise Value £434.9m
Revenue £307.3m
Position in Universe 3614th / 6848

BRIEF-Regis Says Q3 Revenue Fell 40.5% To $153.8 Million

Thu 18th June, 2020 11:04am
June 18 (Reuters) - Regis Corp  RGS.N :
    * REGIS REPORTS THIRD QUARTER 2020 RESULTS MATERIALLY
IMPACTED BY
THE COVID-19 PANDEMIC AND SIGNIFICANT PROGRESS IN SALON
RE-OPENINGS AND IN ITS TRANSITION TO A FRANCHISE MODEL
    * Q3 LOSS PER SHARE $2.10 FROM CONTINUING OPERATIONS
    * Q3 REVENUE FELL 40.5 PERCENT TO $153.8 MILLION
    * Q3 ADJUSTED LOSS PER SHARE $0.12 EXCLUDING ITEMS
    * AS OF JUNE 15, 2020, APPROXIMATELY 68% OF COMPANY'S SALON
PORTFOLIO HAVE RE-OPENED FROM HIBERNATION CAUSED BY COVID-19
PANDEMIC
    * SAYS EXPECTS COVID-19 PANDEMIC MAY IMPACT NUMBER OF SALONS
TO BE
SOLD
    * SAYS COVID-19 PANDEMIC MAY IMPACT PACE OF SALES TO
FRANCHISEES
AND PROCEEDS FROM SALES
    * AT END OF QUARTER, APPROXIMATELY 74% OF COMPANY'S SALON
PORTFOLIO HAD BEEN FRANCHISED

Source text for Eikon:  ID:nBw9Zmx6ta 
Further company coverage:  RGS.N 

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