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RGS - Regis News Story

$12.87 -0.1  -1.0%

Last Trade - 09/04/21

Consumer Defensives
Small Cap
Market Cap £336.0m
Enterprise Value £448.5m
Revenue £313.4m
Position in Universe 3626th / 6827

BUZZ-Regis Corp: Set to open at over 1-month low after sales slump 55%

Mon 2nd November, 2020 12:56pm
** U.S. beauty salons operator's shares  RGS.N  fall 6% to
$5.21 premarket; stock set to open at over 1-month low
    ** RGS Q1 rev slumps 55% to $111.4 mln, net loss more than
doubles to $35.3 mln, due to COVID-19 impact*:nBw9bbtMja
    ** RGS says it converted an additional 137 company-owned
salons to franchises, as it shifts to a franchise business from
an ownership model to cut costs
    ** RGS has posted a loss for the seventh straight quarter
and its sales have fallen y/y for at least 13 quarters
    ** Up to Friday's close, RGS down ~69% this year

 (Reporting by Ankit Ajmera in Bengaluru)
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