07.01.19
Regis Corporation reported third quarter 2019 sales fell 18% to $221.2 million. However, third quarter franchise revenue rose 9.8% to $37.1 million. For the nine months ended March 31, 2019, sales fell 15.9% to $705.3 million.
As previously reported in Happi, Regis Corporation reported second quarter 2019 net revenue decreased 12.5% to $274.7 million. According to the company, this was driven primarily by the net closure of 678 salons and the conversion of 520 company-owned salons to the company’s asset-light franchise portfolio over the past 12 months.
As previously reported in Happi, Regis Corporation reported second quarter 2019 net revenue decreased 12.5% to $274.7 million. According to the company, this was driven primarily by the net closure of 678 salons and the conversion of 520 company-owned salons to the company’s asset-light franchise portfolio over the past 12 months.