Earnings Releases·Nov 5, 2026, 6:29 AM ET

Regis Corporation — First Quarter 2027 Earnings Summary

Consolidated revenue declined 8.0% year-over-year to $54.3 million, while operating income, net income, and adjusted EBITDA all decreased from prior year levels; however, adjusted net income remained flat at $1.4 million and operating cash flow improved to $2.6 million.
The company repaid approximately $7.9 million in debt during the quarter, reducing outstanding borrowings to $121.1 million, and plans to return to the debt markets in early 2027 rather than refinancing immediately due to declining call premiums.
System-wide same-store sales grew 0.2% compared to 0.9% in the prior year, driven by a 2.0% increase at Supercuts, while SmartStyle and Portfolio Brands experienced declines in guest traffic and retail sales.
Net income was negatively impacted by a $2.5 million accrual related to a Department of Justice inquiry into a PPP loan, and the company continues to reduce its total salon count by closing underperforming company-owned locations.