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Regis Corporation reports 15% rise in Q1 revenues

13 Oct '05

2 min read

Global leader in the $150 billion hair care industry, Regis Corporation reported that consolidated revenues increased 15 percent in the first fiscal quarter of 2006 to a record $584 million, compared to $506 million a year ago. First quarter hair salon revenue was impacted by the loss of 2,400 salon days as a result of Hurricanes Katrina and Rita.

The Company estimates that these closures reduced first quarter revenue by approximately $2.1 million. During the comparable period last year, the Company lost 3,300 salon days and an estimated $4 million in revenue due to hurricanes.

Regis Corporation will announce first quarter 2006 earnings results on October 26, 2005. A conference call discussing first quarter results will follow at 10:00 a.m., Central Time.

Regis Corporation (RGS) is the beauty industry's global leader in salons, hair restoration centers and education. As of June 30, 2005, the Company owned or franchised 11,077 worldwide locations; which included 10,952 beauty salons, 90 hair restoration centers and 35 beauty schools operating under concepts such as Supercuts, Jean Louis David, Vidal Sassoon, Regis Salons, MasterCuts, Trade Secret, SmartStyle, Cost Cutters and Hair Club for Men and Women. These and other concepts are located in the U.S. and in ten other countries throughout North America and Europe.

Regis Corporation

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