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RGS - Regis News Story

$11.91 -0.8  -6.1%

Last Trade - 4:45pm

Sector
Consumer Defensives
Size
Small Cap
Market Cap £324.5m
Enterprise Value £434.9m
Revenue £307.3m
Position in Universe 3615th / 6849

BUZZ-Regis Corp: Slumps on Q4 loss from pandemic-induced disruptions

Mon 31st August, 2020 5:15pm
** Shares of beauty salon operator  RGS.N  fall 19% to
$7.345 
    ** Co posts Q4 adj. loss of $36.2 mln vs year-ago profit of
$24.6 mln  urn:newsml:reuters.com:*:nASA014IR
    ** Q4 revenue slumps 76% to $60.1 mln,; Co says lower
revenue driven by conversion of 1,448 company-owned salons to
asset-light franchisees over the past 12 months 
    ** Results significantly impacted by government-mandated
temporary salon closures and include asset impairment charge of
$22.6 mln related to leases       
   ** Stock down 59% YTD 

 (Reporting by Shradha Singh in Bengaluru)
 ((Shradha.Singh@thomsonreuters.com; within U.S. +1 646 223 8780
Ext: 2804, outside U.S. +91 80 6182 2630;))
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