Sales Down at Regis

Regis Corporation reported revenues for the fourth quarter ended June 30, 2010 decreased 5.6% to $590 million.

“During the past year, we have taken aggressive action to strengthen our balance sheet and improve our efficiency. We have substantially lowered our debt, improved our cash flow and reduced expenses. These measures played an important role in achieving our financial results,” said Paul D. Finkelstein, chairman and chief executive officer. “Going forward our focus will be on top-line growth and we are budgeting same-store sales to improve throughout fiscal 2011, with positive comps expected in the second half of the year… our customer service and communication programs, marketing and salon revitalization efforts will help mitigate the adverse effects of the current economy,” added Finkelstein.

“Finally, in an effort to further enhance shareholder value, we announced earlier this month that we are working with our financial advisors to review the various strategic options available to the Company,” concluded Finkelstein.

As of June 30, 2010 Regis Corporation owned, franchised or held ownership interest in 12,728 worldwide locations.