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Regis Corporation
Regis Corporation
Regis Corporation
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Regis Corporation is an American operator of hair salons. As of August 2021, it has 5,563 franchised and 276 company-owned salons. Its headquarters are in Minneapolis, Minnesota.[1]

Key Information

The primary trade names Regis salons operates under are SmartStyle, Supercuts, Holiday Hair, Cost Cutters, First Choice Haircutters, Regis Salons, MasterCuts, Pro-Cuts, Famous Hair, and Roosters Men's Grooming Center.[2]

History

[edit]
A HairMasters location in Hillsboro, Oregon

Regis was founded in 1922[3] by Paul and Florence Kunin as Kunin Beauty Salon. They sold it to their son Myron in 1958, who renamed the company Regis and moved its salons from department stores to shopping malls.[4] In 1982, the company introduced the Pro-Cuts brand, a value-priced salon for men and families.[5] By the mid-1980s, the company had 500 salons in malls across middle America and hit $150 million annual sales in 1987.[6]

Regis became a public company in 1991[6] and opened its headquarters in Edina, Minnesota in 1992.[7] In December 1993, Regis acquired 88 salons from the Trade Secret Development Corporation for $12.8 million. The deal helped expand the company's business in the sale of hair and beauty supplies.[8]

By 1994, its upscale store chain Regis Hairstyles accounted for 64% of total sales. Mastercuts Family, meanwhile, accounted for 15% aggregate sales. Regis had 286 stores in Britain, Canada, South Africa, and Mexico.[8]

In July 1996, Regis announced its intention to acquire SuperCuts in a stock swap valued at about $150 million. At the time, Regis had 1,950 hair care salons worldwide, while SuperCuts had 1,168 in the United States.[9][10] This acquisition allowed Regis to expand into strip centers and street locations.[4] SuperCuts UK remained independent until 2000, when the companies officially merged.[11] By 1998, Regis operated 3,555 salons under the names Supercuts, MasterCuts, TradeSecret, and Regis, and topped the billion-dollar mark in revenue.[6]

In 1999, the two largest publicly traded hair-salon companies merged when Regis acquired The Barbers, Hairstyling for Men & Women, Inc. for $58.7 million. Regis gained more than 4,600 salons and combined sales of nearly $1.5 billion.[12] As part of the merger, the company acquired 199 salons operating as Cost Cutters in Wal-Mart stores, making Regis the primary provider of salon services in Wal-Marts.[13] Family Hair Care, City Looks Salons International, and We Care Hair were also acquired.[14]

In 2002, the Regis a Fortune 1000 company.[14] In April, it acquired Jean Louis David, which owned 1,200 locations in France, Italy, Spain, Brazil, Belgium, Switzerland, Poland, and the US at the time.[15] In July, it acquired 328 BoRics salons to increase its presence in the Chicago, Detroit and Pittsburgh markets.[16] It also acquired 59 salons in Missouri, Kansas, Arizona and North Carolina in October[17] and 25 Vidal Sassoon salons and four Vidal Sassoon beauty academies in December. The company assumed licensing agreements with Procter & Gamble to expand the Vidal Sassoon salon group brand name in North America, Britain and Germany.[18]

In April 2004, Regis acquired 153 Holiday Hair salons based in Pennsylvania.[19][20] In 2005, the company acquired Hair Club for Men and Women.[21]

On January 10, 2006, Regis Corporation announced that, for $2.6 billion, it would acquire the Sally Beauty Company, which would be spun-off from Alberto-Culver. At the time, Sally Beauty operated 3,200 stores.[22][23] However, on April 5, 2006, Alberto-Culver terminated the merger agreement and later Sally was spun off as a separate company.[24][25] That same month, Regis acquired 105 Famous Hair, Chicago Hair, and Hair Inc. salons located in Ohio and four other states.[26] By the end of the year, Regis had grown from 1,479 locations in 1994 to 11,333 company-owned and franchised salons, 54 beauty schools, and 90 Hair Club for Men and Women offices.[27]

In October 2007, Regis signed a definitive agreement to merge its continental European franchise salon operations with the Franck Provost Salon Group. The combined entity became known as Provalliance Group, in which Regis maintained a 30% ownership share. The transaction took place in January 2008.[11] In that same month, the company also announced the acquisition of 63 company-owned and 51 franchise PureBeauty and BeautyFirst salon operations across 20 states.[28]

In 2010, Regis began looking for a buyer.[29][5] In July, it spun-off Trade Secret, a shopping mall based hair care supply store. It later closed approximately 80 locations, filed for Chapter 11 Bankruptcy protection, and closed all stores.[30] In October, the company announced it would redevelop its Pro-Cuts brand as a sports-themed salon for men to compete against Sports Clips.[5] However, by 2015, this concept had mostly been abandoned.[31] Hedge fund Starboard Value then invested in the company the following year, gaining three board seats and pushing out company leadership, before selling its shares in October 2013.[29]

By February 2011, Regis had increased its share in Provaillance to 46%.[32] However, due to the then-ongoing European debt crisis, the company divested its ownership share by the following year.[33][34] It also sold off Hair Club to the Japanese wigmaker Aderans for $163.5 million in July.[35][36] That same month, Regis acquired the Roosters Men’s Grooming Center franchise, which had 35 franchised salons in 15 states at the time.[37]

By 2013, Regis had 8,000 corporate-owned and franchise salons, but by 2014, the company's sales had been in decline for six years.[38] In October 2017 Regis Corporation sold much of its mall-based salon assets to The Beautiful Group. These salons became franchises keeping the same brand names. The transaction included 858 North America Regis Salons and MasterCuts locations, the intellectual property related to MasterCuts and other trade names, and 250 Regis Salons and Supercuts salons in the U.K.[39][40] In 2018, the company announced plans to move its headquarters to Minneapolis, Minnesota.[41] It also closed 597 SmartStyle salons.[42]

In June 2019, Regis announced the sale of 96 California-based SuperCuts salons to Moxie Management Group.[43] In May 2019, franchisee Super C Group acquired 190 Famous Hair, Best Cuts, Fiesta Salons, First Choice Haircutters, and BoRics Hair Care salons from Regis, converting them into Supercuts and Cost Cutters.[44] In August, the company sold off 3,108 company-owned salons to franchisees. It also announced its plan to cut the company's 50 brands to just five: Supercuts, SmartStyle, Cost Cutters, First Choice Haircutters, and Roosters.[45] At the end of December, Regis terminated its franchise agreements with The Beautiful Group and took back 200 salons with the stated intention of finding a new buyer.[46] The remaining salons were to close.

In February 2020, Regis announced it had sold its interest in Empire Education Group back to EEG.[47] When the COVID-19 pandemic hit in 2020, the company was in the middle of transitioning its salons corporate to franchise ownership. By the summer of 2022, Regis had not had a positive quarter since 2018 and was in danger of being delisted from the New York Stock Exchange. Regis exited the product distribution business and sold its salon technology platform Opensalon Pro, helping the business report a $2.5 million operating profit that November.[14]

In December 2024, Regis acquired Alline Salon Group, its biggest franchisee, for $22 million. The deal put 314 SuperCuts, Cost Cutters, and Holiday Hair salons in Michigan, Ohio, and Pennsylvania under direct control of the company.[2]

References

[edit]
[edit]
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Regis Corporation

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Regis Corporation is an American headquartered in , , that serves as a global leader in the and education sectors by , owning, and holding ownership interests in hair care salons across and select international markets. The company operates a portfolio of well-established brands, including Supercuts, SmartStyle, Cost Cutters, Roosters, and First Choice Haircutters, which provide a range of services such as haircutting, styling, coloring, and chemical treatments, alongside retail sales of professional haircare products from nationally recognized brands. As of June 30, 2025, Regis managed 3,647 franchised salons and 294 company-owned salons, totaling 3,941 active locations, with the majority concentrated in the United States, , and . Founded in 1922 as Kunin Beauty Salon by Paul and Florence Kunin in , the business was acquired and renamed Regis Corporation in 1958 by Myron Kunin, who pioneered its expansion into shopping malls and later strip centers through . Key milestones include the 1996 acquisition of , which accelerated growth to over 4,800 system-wide locations by the early 2000s, and subsequent international expansions into the and . In addition to salons, Regis maintains a stake in Empire Education Group, supporting training programs. Publicly traded on the Global Market under the RGS, the company reported fiscal year 2025 revenue of $210.1 million, reflecting strategic initiatives like the December 2024 acquisition of approximately 300 salons from Alline to bolster its company-owned portfolio and drive long-term profitability under partnership with private equity firm Forum3. As of November 2025, Jim Lain serves as interim president and , overseeing operations focused on brand innovation and franchise support.

History

Founding and Early Development

Regis Corporation originated in 1922 when Paul Kunin, a Russian-born , and his wife established the Kunin in . The single-location operation initially provided basic hair services, such as cuts and styling, to local clientele in a modest setting focused on affordable, value-priced care. Paul Kunin handled the management and operational aspects of the growing business, while Florence contributed to the development of salon styling practices. The enterprise expanded into a small chain of about 60 salons housed in leased spaces within department stores in smaller Midwestern cities, such as Fargo. During the , the salons encountered significant economic pressures typical of small beauty operations, but the company endured through careful site selection in resilient community areas rather than high-risk urban centers. In 1958, the Kunins' son, Myron Kunin, acquired the chain from his parents and rebranded it as Regis Corporation, transitioning it from a family-owned network to a more structured, branded operation. Myron Kunin's vision emphasized relocating salons to emerging mall environments for greater accessibility and initiating professional training programs for stylists to standardize . This period saw the company's early expansion to additional locations across , laying the groundwork for broader growth while maintaining a focus on value-oriented .

Expansion Through Acquisitions

Under the leadership of founder Myron Kunin, Regis Corporation pursued aggressive expansion from the through the by acquiring regional salon chains and strategically relocating operations into enclosed shopping malls to capitalize on the growing retail trend toward suburban convenience. This approach allowed the company to scale rapidly, reaching 161 salon locations by 1975, up from a handful in the late 1950s when Kunin acquired and renamed the family business. The focus on high-traffic mall placements emphasized premium services while building a national footprint through targeted buyouts of independent operators. A pivotal step in fueling further growth came with Regis's on June 21, 1991, when it listed on under the RGS at an initial share price of $13.00. The IPO raised approximately $42 million after selling 3.2 million shares at a slight discount to the targeted $15 price, providing essential capital for additional acquisitions and operational expansion. This public listing marked Regis's transition to a more formalized corporate structure, enabling it to pursue larger-scale mergers that solidified its position as a dominant player in the salon industry. In 1996, Regis significantly broadened its market reach by acquiring Supercuts Inc. for approximately $150 million in stock, integrating over 600 no-appointment, value-oriented salons primarily located in strip malls. This deal introduced a budget-friendly haircut model to Regis's portfolio, contrasting its upscale mall-based offerings, and accelerated the company's franchising efforts by converting many locations to franchise operations for greater . The acquisition enhanced Regis's presence in non-mall retail environments and diversified its service segments to appeal to price-sensitive consumers. The company's portfolio expanded further in 1999 with the purchase of The Barbers, Hair Styling for Men and Women Inc. for $58.7 million in stock, adding approximately 780 salons focused on men's grooming and family haircare services. This merger brought in established brands like Cost Cutters and bolstered Regis's capabilities in targeted gender-specific styling, while also incorporating 199 franchised locations in Wal-Mart stores to strengthen its value segment. The integration emphasized operational synergies, such as standardized training and product distribution, to unify the acquired chain under Regis's management framework. Regis ventured into the hair restoration sector in late by acquiring Hair Club for Men and Women for $210 million in cash, a transaction that closed on December 1 and marked the company's entry into non-traditional salon services like hair replacement systems. While the acquisition faced initial integration hurdles, including aligning Hair Club's specialized clinics with Regis's salon operations and managing higher-margin service delivery, it contributed significantly to revenue growth, adding about $115 million in fiscal and helping propel total annual system-wide sales beyond $2 billion by that year. This move diversified Regis's revenue streams beyond haircuts to include premium, recurring treatments. Throughout the early 2000s, Regis continued its consolidation strategy with acquisitions such as the integration of MasterCuts salons—originally part of the 1990 MEI Diversified merger—and the 2002 purchase of 328 BoRics salons, emphasizing the conversion of acquired sites to franchise models to optimize costs and expand without proportional capital investment. Similarly, the Pro-Cuts brand, launched internally in 1982 as a value-priced salon concept, saw franchise conversions during this period to support broader network growth. These efforts focused on streamlining operations, with over 2,000 new locations added in fiscal 2002 alone through a mix of buys and conversions, reinforcing Regis's dominance in both owned and franchised segments.

Restructuring and Recent Milestones

In 2012, Regis Corporation sold its Hair Club for Men and Women division, a hair replacement and restoration business, to Japan's Aderans Co., Ltd. for $163.5 million in cash. This divestiture enabled Regis to refocus resources on its core hairstyling salon operations, as Hair Club was viewed as a non-core asset misaligned with the company's primary franchise and company-owned salon model. By October 2017, Regis completed a major restructuring by selling substantially all of its North American mall-based salon business—comprising 858 locations under brands like Regis Salons and MasterCuts—to The Beautiful Group, an affiliate of private equity firm Regent LP. Structured as an asset sale followed by franchising, the transaction generated no immediate cash proceeds for Regis but shifted these salons to franchise operations under The Beautiful Group, significantly reducing company-owned locations from over 1,500 to a more streamlined portfolio. This move supported Regis's transition to an asset-light, franchise-centric model, aiming to lower operational costs and improve margins amid declining performance in premium mall locations. In 2019, Regis initiated a brand consolidation strategy to simplify its portfolio, reducing from more than 15 overlapping concepts to five core s: , SmartStyle, Cost Cutters, First Choice Haircutters, and Roosters. This involved eliminating redundancies, such as converting or selling salons under brands like Famous Hair; for instance, franchisee Super C Group acquired 190 locations operating as Famous Hair, Best Cuts, Fiesta Salons, First Choice Haircutters, and BoRics . The plan enhanced operational efficiency by standardizing services, marketing, and supply chains across fewer banners, supporting the ongoing shift toward . The severely disrupted Regis's operations from to 2021, with government-mandated closures forcing the temporary shutdown of all 775 company-owned salons in March and affecting a substantial portion of its approximately 5,000 franchised locations, with reopenings varying by state. The company estimated $105 million in lost revenue from closures and reduced traffic during fiscal , contributing to a $73.6 million net loss for the second quarter alone and cumulative cash needs of $190 million across fiscal and 2021. To mitigate impacts, Regis pivoted to virtual stylist training programs and benefited from federal aid, including loans disbursed to affiliates and franchisees totaling around $40 million in support for payroll retention. In December 2024, Regis repurchased 314 high-performing franchised salons from Alline Salon Group for $22 million in cash and stock, bringing these , Cost Cutters, and Holiday Hair locations under direct company ownership across five states, primarily , , and . This acquisition, adding $83 million in trailing twelve-month revenue as of October 2024, reversed prior franchising efforts to regain control over profitable assets and bolster system-wide stability. A leadership transition occurred in mid-2025, with President and CEO Matthew Doctor stepping down effective June 30, 2025, following a tenure marked by the completion of the franchise model shift and recovery from pandemic challenges. Executive Vice President of Brand Operations Jim Lain was appointed Interim President and CEO starting July 1, 2025, to ensure continuity while the board searches for a permanent successor; Doctor agreed to provide transitional consulting through August 2025.

Business Operations

Salon Brands and Services

Regis Corporation operates a portfolio of salon brands focused on accessible haircare services, primarily through franchised and company-owned locations across , including additional concepts such as Holiday Hair, Famous Hair, BoRics, and MasterCuts. These brands emphasize no-appointment walk-in models, catering to diverse demographics with offerings centered on haircuts, styling, and related treatments. As of June 30, 2025, the company manages 3,941 salon locations in total. Supercuts, Regis's flagship brand, specializes in quick and affordable haircutting and styling services, attracting over 33 million customer visits annually for basic trims, washes, and product recommendations. With locations in the United States, Canada, and Puerto Rico, it targets time-conscious men and women seeking efficient, no-frills experiences in strip centers and standalone sites. SmartStyle salons, integrated within Walmart Supercenters, provide family-oriented haircare including cuts, coloring, and waxing, leveraging high foot traffic for convenience. Operating across the U.S., Canada, and Puerto Rico, the brand appeals to budget-minded families with its retail-embedded model and walk-in policy. Cost Cutters offers value-driven services ranging from traditional cuts to trendy styling options like perms and highlights, serving families with a focus on promotions and accessibility. The brand maintains locations throughout the , emphasizing no-appointment convenience for everyday hair maintenance. First Choice Haircutters delivers creative yet affordable haircare solutions, including cuts and basic styling, primarily in . Geared toward families, it supports walk-in visits and adapts services to regional preferences in its international market. (Note: Using as secondary confirmation, but primary from official.) Roosters Men's Grooming Center provides premium grooming experiences tailored for men, featuring straight-razor shaves, beard trims, and sophisticated haircuts in a barbershop atmosphere. With locations in the U.S. and , it targets urban professionals seeking elevated, appointment-based services at a higher . Across these brands, common service portfolios include shampooing, conditioning treatments, and sales of nationally recognized professional products, ensuring consistent quality and add-on revenue opportunities. While most operate via franchise models, the emphasis remains on client-facing delivery of and basic services.

Franchise and Ownership Model

Regis Corporation employs a hybrid emphasizing , which accounts for the majority of its operations and provides scalable growth while minimizing direct operational costs. As of September 30, 2025, the company managed 3,879 salons worldwide, with approximately 93% (3,593 locations) operated under franchise agreements, generating steady through royalty fees of 6% on gross and additional 5% contributions to a system-wide fund. This franchise dominance allows Regis to expand its footprint efficiently, with franchisees handling day-to-day management under standardized guidelines for concepts like and Cost Cutters. Prospective franchisees must meet specific requirements to join the system, including payment of initial franchise fees ranging from $25,000 to $35,000 per salon, depending on the and . Ongoing support includes comprehensive programs focused on salon , stylist , and , delivered through Regis's dedicated resources. Additionally, the company assists with , favoring high-visibility locations such as strip malls for brands like or integrated spaces within stores for SmartStyle salons, ensuring alignment with target demographics and foot traffic patterns. In contrast, Regis directly owns and operates 286 salons, representing about 7% of its total portfolio, strategically located in high-traffic urban areas to serve as testing grounds for innovative services and operational efficiencies. These company-owned locations generate direct from haircare services, averaging approximately $280,000 annually per salon, providing valuable insights into consumer trends that inform franchise standards. A notable shift in ownership occurred in December 2024, when Regis acquired the Alline Salon Group for $22 million, incorporating 314 high-performing franchised salons (primarily , Cost Cutters, and Holiday Hair) into its company-owned assets across five states, aimed at bolstering direct and strengthening brand control. To support both franchisees and company-owned operations, Regis maintains a centralized for proprietary products, ensuring consistent quality and cost efficiencies across locations. In 2023, the company introduced enhanced digital booking applications, enabling seamless online reservations and integration to boost customer convenience and retention. These infrastructure elements, combined with performance monitoring, contribute to strong franchisee satisfaction, evidenced by high renewal rates exceeding 85%.

Education and Ancillary Services

Regis Corporation provides comprehensive education and programs for stylists through its Hairstylist Academy and initiatives, focusing on hands-on skill development to support its salon operations. These programs offer over 50 hours of paid in the first three months for new stylists, including advanced classes in cutting and coloring techniques. opportunities span 2.5 to 4 years and require 4,000 hours of combined classroom and practical experience, enabling unlicensed individuals to gain salon-based expertise while working as receptionists or assistants before advancing to full roles. This integrates directly with Regis's franchise and company-owned salons, where participants shadow experienced stylists and build client books, facilitating seamless transitions to employment within the network. Until August 2024, Regis held a majority ownership interest in Empire Education Group, which operated approximately 90 accredited beauty schools across the United States and Canada, offering cosmetology programs of 1,200 to 1,600 hours accredited by the National Accrediting Commission of Career Arts and Sciences (NACCAS). The curriculum at these schools emphasized practical training in haircutting, coloring, and salon management, with tuition typically ranging from $15,000 to $20,000 and reported job placement rates around 80% for graduates, many of whom were directed toward Regis salons. Following the divestiture, Empire graduates continue to be prioritized for hiring in Regis locations, historically contributing about 40% of new stylists, though education-related revenue, previously around 10% of total, is no longer consolidated. Ancillary services extend Regis's operations beyond core salon activities, including product distribution of professional haircare lines through partnerships with manufacturers like via distributors such as Beauty Systems Group. These partnerships supply salons with nationally recognized products for retail and service use, enhancing stylist capabilities and generating additional revenue streams. Additionally, Regis maintains minor involvement in beauty supply through Beauty Supply Outlet, a Canadian retailer offering online sales of haircare, styling tools, and related items to professionals and consumers. The company divested its hair restoration business in 2012, focusing instead on these integrated support services.

Corporate Structure

Leadership and Executives

As of November 2025, Regis Corporation's executive leadership team is led by interim President and Jim Lain, who assumed the role on July 1, 2025, following a key transition. Lain brings over 12 years of experience at the company since joining in 2013, having previously served as Executive Vice President of Brand Operations for and Cost Cutters, where he focused on enhancing franchise efficiency and operational performance. The transition came after Matthew Doctor's tenure as President and CEO from 2020 to 2025, during which he prioritized post-COVID recovery efforts, including a brief role in overseeing the 2024 acquisition as part of broader . Doctor departed on June 30, 2025, to explore new opportunities, leaving a legacy of stabilizing operations amid industry challenges. Kersten Zupfer serves as Executive Vice President and , a position she has held since 2020, guiding the company's financial strategy and capital management. Under her oversight, Regis refinanced its debt in 2024, reducing obligations by more than $80 million. Michael Ferranti holds the role of Executive Vice President of Brand Operations for SmartStyle and First Choice, managing more than 1,000 locations across these portfolios. Complementing the team, Dan Hanrahan acts as Executive Vice President and , responsible for regulatory compliance and legal affairs in a highly scrutinized industry. Susan Pechman, as Executive Vice President of , spearheads diversity initiatives to foster an inclusive corporate culture.

Headquarters and Global Presence

Regis Corporation's is located at 3701 Wayzata Boulevard, Suite 500, in , , following a relocation in 2019 from its previous office in Edina. The facility supports key administrative functions for the company's franchised and owned salon operations. The Board of Directors consists of five members as of October 2025, following the annual shareholder meeting and retirements of long-serving directors including David J. Grissen and Mark S. Light. It is chaired by Michael J. Merriman, an since 2011. Other members include such as Susan Lintonsmith, appointed in January 2025 and focused on operations in franchise holdings. The board maintains committees for , compensation, and nominating and , adhering to guidelines updated in January 2024. Regis Corporation's global presence is concentrated in North America, where it franchises or owns 3,879 salon locations as of September 30, 2025, primarily in the United States and Canada. In Canada, the First Choice Haircutters brand operates over 400 locations, targeting value-conscious families in neighborhood settings. The company previously maintained operations in the United Kingdom through approximately 250 Regis Salons and Supercuts locations, but divested this business in 2017 to focus on its core North American value-segment salons. It now has 71 franchised international locations outside North America, mainly under Supercuts and Regis concepts. Governance practices include annual shareholder meetings and compliance with listing standards as a publicly traded . The board updated its Code of Business Conduct & in March 2025 to reinforce ethical standards across operations. The 's employee base exceeds 80% women overall, reflecting its emphasis on gender diversity in the haircare industry. This includes corporate and franchise support staff, as well as thousands of stylists across its salon network.

Financial Performance

Regis Corporation's in 1991 marked the beginning of a period of rapid expansion, with annual revenue starting at approximately $100 million. Over the subsequent decade, revenue grew to $800 million by 2000, fueled primarily by strategic acquisitions such as in 1996, which significantly broadened the company's footprint in value-oriented salon segments. This era saw an average annual growth rate of 25 percent, driven by organic salon additions and franchise development. The company's revenue trajectory reached its zenith in at $2.2 billion, following the acquisition of Hair Club for Men and Women, which diversified offerings into hair restoration services. Salons accounted for about 70 percent of total revenue, while education services through beauty schools contributed roughly 10 percent, underscoring the balanced portfolio built through acquisitions. Entering the 2010s, Regis faced headwinds that led to a contraction to $1.69 billion by 2017, largely due to declining mall foot that diminished visits to company-owned locations. Concurrently, EBITDA margins compressed from 15 percent in the mid-2000s to 8 percent by the late , reflecting operational pressures and higher costs amid slower same-store sales growth. A pivotal 2017 divestiture of mall-based salons generated $425 million in cash proceeds, enabling debt reduction but resulting in a 40 percent drop in direct salon revenue as the company shifted toward a franchise-heavy model. This transition stabilized franchise royalties at $100–120 million annually, providing a more predictable revenue stream less exposed to retail volatility. By fiscal 2019, prior to the COVID-19 pandemic, Regis reported revenue of $410 million from continuing operations, alongside net income of $15 million and long-term debt of approximately $300 million accumulated from earlier acquisitions.

Recent Fiscal Results and Growth

The COVID-19 pandemic profoundly affected Regis Corporation's operations in fiscal year 2020, resulting in revenue of $669.7 million alongside an operating loss of $145.3 million due to widespread salon closures and reduced consumer spending. Recovery began in fiscal year 2021, with revenue rebounding to $415.1 million, reflecting approximately 61% year-over-year growth driven by the reopening of salons and pent-up demand. In 2024, Regis reported revenue of $203.0 million and income from operations of $20.9 million, with franchise revenue increasing 5% to $110 million, supported by stabilized same-store sales and cost efficiencies. 2025 marked further progress, as revenue grew 3.5% to $210.1 million, bolstered by fourth-quarter operating income of $7.3 million; the December 2024 acquisition of approximately 300 salons from Alline drove improvements in company-owned salon revenue. For the first quarter of 2026, ended September 30, 2025, reached $59.0 million, while operating rose to $5.9 million, an increase of $3.8 million year-over-year, prompting a stock price surge. Key factors included a net decrease of 744 franchise locations as of June 30, 2025, and a 10.3% decrease in franchise royalties to $14.0 million, offset by growth in company-owned operations; total stood at $124.8 million as of quarter-end.

References

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  39. https://www.entrepreneur.com/franchises/directory/roosters-mens-grooming-centers/329208
  40. https://www.businesswire.com/news/home/20251112757694/en/Regis-Corporation-Reports-Financial-Results-for-the-First-Fiscal-Quarter-2026
  41. https://sharpsheets.io/blog/supercuts-franchise-costs-profits/
  42. https://www.regiscorp.com/franchise-overview
  43. https://www.regiscorp.com/franchise-business-and-support
  44. https://dcfmodeling.com/products/rgs-vrio-analysis
  45. https://seekingalpha.com/article/4666417-regis-corporation-rgs-q2-2024-earnings-call-transcript
  46. https://careers.regiscorp.com/hair-stylist/job/CA618A27F3FD68E2AD2FBDF94676BABD
  47. https://careers.regiscorp.com/hair-stylist-apprentice/job/CADB491EAB72B2442155F6E9E08E533B
  48. https://fintel.io/doc/sec-regis-corp-716643-10k-2024-august-28-19963-4620
  49. https://www.sec.gov/Archives/edgar/data/716643/000110465907030693/a07-11872_1ex99.htm
  50. https://www.beautyschoolsdirectory.com/schools/empire-beauty-schools/brooklyn-ny
  51. https://www.empire.edu/blog/beauty-student-advice/regis-corporation-means-beauty-career-connections
  52. https://tcbmag.com/regis-to-sell-stake-in-cosmetology-school-business/
  53. https://regiscorp.irpass.com/profiles/investor/NewsPrint.asp?b=913&ID=101224&m=rl&v=2
  54. https://thebsoonline.com/
  55. https://www.regiscorp.com/jim-lain
  56. https://finance.yahoo.com/news/regis-corporation-announces-leadership-transition-103000962.html
  57. https://www.regiscorp.com/kersten-zupfer
  58. https://www.businesswire.com/news/home/20240625325660/en/Regis-Corporation-Announces-New-Credit-Facility-to-Refinance-Existing-Debt
  59. https://www.regiscorp.com/dedication-to-gender-diversity
  60. https://www.regiscorp.com/contact-regis
  61. https://www.regiscorp.com/susan-lintonsmith
  62. https://www.sec.gov/Archives/edgar/data/0000716643/000071664325000036/rgs-20251028.htm
  63. https://www.regiscorp.com/corporate-governance-guidelines
  64. https://regiscorp.irpass.com/profiles/investor/NewsPrint.asp?b=913&ID=86330&m=rl&v=2
  65. https://www.tradingview.com/news/tradingview:32d78b747d5c6:0-regis-corp-sec-10-k-report/
  66. https://www.latimes.com/archives/la-xpm-1996-07-16-fi-24532-story.html
  67. https://www.annualreports.com/HostedData/AnnualReportArchive/r/NYSE_RGS_2006.pdf
  68. https://www.franchising.com/news/20170823_regis_reports_fourth_quarter_2017_and_fullyear_res.html
  69. https://www.macrotrends.net/stocks/charts/RGS/regis/ebitda
  70. https://www.sec.gov/Archives/edgar/data/716643/000071664319000042/rgs-20190630x10k.htm
  71. https://www.businesswire.com/news/home/20210825005828/en/Regis-Reports-Fourth-Quarter-and-Full-Year-Results-Completion-of-Transformational-Phase-and-Continued-Progress-on-Key-Foundational-Initiatives
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