08.23.17
Many folks need a haircut a few times a year. However, salon leader Regis Corporation reported fourth quarter 2017 net revenue fell 5.3% to $424.2 million. For the full year, sales slipped 5.5% to $1.7 billion.
President and chief executive officer of Regis Hugh Sawyer commented, “I am grateful for the efforts of our employees and franchise partners in 2017 and the loyalty of our guests and shareholders. Management is increasing the cadence of decision making required to restructure our portfolio, execute the operational turnaround of our company-owned salons and accelerate the growth of our franchise business. We expect the elements of our strategy to be transformational for our guests and employees and value-enhancing for our shareholders.”
President and chief executive officer of Regis Hugh Sawyer commented, “I am grateful for the efforts of our employees and franchise partners in 2017 and the loyalty of our guests and shareholders. Management is increasing the cadence of decision making required to restructure our portfolio, execute the operational turnaround of our company-owned salons and accelerate the growth of our franchise business. We expect the elements of our strategy to be transformational for our guests and employees and value-enhancing for our shareholders.”