UPDATE: Regis Posts Downbeat Q4 Results
Regis (NYSE: RGS) reported weaker-than-expected fourth-quarter results.
Regis posted a quarterly net income of $675,000, or $0.01 per share, versus a year-ago loss of $63.6 million, or $1.11 per share. On an adjusted basis, it earned $0.06 per share, versus analysts' estimates of $0.12 per share.
Its revenue declined 5% to $502.3 million, versus estimates of $513.2 million.
Its same-store sales fell 3.1%.
Regis shares closed at $17.16 yesterday.
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