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Regis annual earnings guidance reaffirmed

22 Oct '07

3 min read

Second Quarter Fiscal 2008 Outlook:

The following outlook pertains to the second quarter ending December 31, 2007:

• Consolidated revenue is forecasted to grow five to seven percent to a range of $690 million to $700 million compared to $657 million a year ago. (Note: The deconsolidation of the beauty schools reduces revenue growth by 2 percent in the quarter.)
• Consolidated same-store sales are forecasted to be in a range of 0.5 to 2.5 percent.
• The effective income tax rate is expected to be approximately 36 percent, which reflects the adoption of FIN 48.
• Earnings per diluted share are forecasted to be in the range of $0.51 to $0.57.

Fiscal Year 2008 Updated Outlook:

The following points pertain to the fiscal year ending June 30, 2008:

• Consolidated revenue is forecasted to grow four to six percent to approximately $2.75 billion. (Note: The deconsolidation of the beauty schools reduces revenue growth by 2 percent in Fiscal 2008.)
• Consolidated same-store sales are forecasted to be in a range of 0.5 to 2.5 percent.
• Effective income tax rate is expected to be approximately 34 percent.
• Consistent with previously issued guidance, earnings per diluted share are forecasted to be in a range of $2.01 to $2.27.

Regis Corporation will host a conference call discussing second quarter results, October 22, 2007 at 10:00 a.m., Central Time.

Regis Corporation

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