Regis’ September Sales Grew 15%

Regis Corp., Minneapolis, MN, reaffirmed its first-quarter earnings guidance of 43 cents a share as a result of the company’s September sales performance. An earlier story incorrectly reported the company’s September same-store sales were slightly below plan.

The company, which earned 36 cents a share a year ago, said the West Coast port lockout should have little to no affect on its holiday business. The company’s first quarter estimate is in line with Wall Street’s consensus earnings estimate.

In a press release Monday, Regis said first-quarter same-store domestic sales rose 1% from a year ago. The increase was slightly below plan. For September, the company said same-sales rose 3.4% from a year ago. Consolidated revenue for the month increased 15% to $125 million. The increase reflects product introductions and growth in the company’s overall retail business.

The owner and franchisor of hair salons will report first-quarter earnings before the market opens on Oct. 29.