Q1 2025 Regis Corp Earnings Call Transcript
Key Points
- Regis Corp (RGS) achieved a 2% point margin expansion in adjusted EBITDA, indicating improved operational efficiency.
- The company reported an increase in adjusted earnings per share to $0.93 from $0.71 in the prior year, showcasing profitability growth.
- Regis Corp (RGS) successfully launched the Supercuts rewards loyalty program across all Supercuts salons, aiming to enhance customer engagement.
- The rollout of the Zenoti point of sale system was completed, enhancing digital capabilities and operational efficiency.
- The company is focusing on operational rigor and digital optimization to drive long-term growth and improve the guest experience.
- Same store sales declined by 1.1% compared to the prior year, indicating challenges in maintaining sales momentum.
- GAAP earnings per share reported a loss of $0.36, a significant decline from the previous year's earnings per share of $0.51.
- Total first quarter revenues decreased by $7.3 million, primarily due to a reduction in franchise rental income and advertising fund revenue.
- The company closed a net 41 franchise locations and eight company-owned locations, reflecting ongoing challenges in maintaining its store footprint.
- Regis Corp (RGS) experienced a decrease in GAAP operating income by $5.3 million year-over-year, driven by lower core business revenue and increased expenses.
Good morning and thank you for joining the Regis first quarter, 2025 earnings conference call. I am your host, Kersten Zupfer, Executive Vice President and Chief Financial Officer. I am joined today by our President and Chief Executive Officer, Matthew Doctor. (Event Instructions) This conference is being recorded.
I would like to remind everyone that the language on forward-looking statements included in our earnings release and 8-K filing also apply to our comments made on the call today. These documents can be found on our website www.regiscorp.com/investor-relations, along with a reconciliation of any non-GAAP financial measures mentioned on today's call with their corresponding GAAP measures with that. I will now turn the call over to Matt Doctor.
Thank you and good morning, everyone on today's call. I will go
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