Regis Corporation reported fourth quarter 2018 revenue fell 8.1% to $294.9 million, driven primarily by the closure of a net 701 salons and the conversion of 448 company-owned salons to franchised locations, partially offset by positive same-store sales comps of 0.7%. Management estimates the shift of the Easter holiday, from fourth quarter last year to third quarter this year, negatively impacted fourth quarter 2018 same-store sales comps by approximately 90 basis points.
On a full year basis, the company reported sales fell 7.4% to $1.1 billion.