Exhibit 99

CONTACTS:
Investors:	REGIS CORPORATION:
	Jack Nielsen – Director of Finance – Investor Relations
	(952) 947-7000
Media:	BERNS COMMUNICATIONS GROUP:
	Melissa Jaffin
	(212) 994-4660

For Immediate Release

REGIS REPORTS FOURTH QUARTER AND FISCAL YEAR 2005 RESULTS
-Fourth Quarter Earnings Per Diluted Share Increased 10 Percent to $0.64-

     MINNEAPOLIS, August 24, 2005 — Regis Corporation (NYSE:RGS), the global leader in the $150 billion hair care industry, today reported financial results for its fiscal fourth quarter and year ended June 30, 2005.

Fiscal Year 2005 Results

     Consolidated revenues increased 14 percent to a record $2.19 billion compared to $1.92 billion during fiscal year 2004. Same-store sales increased 0.9 percent. Net income decreased 38 percent to $65 million, or $1.39 per diluted share. Net income results for the year include a $38.3 million, or $0.83 per diluted share, non-cash write-off for goodwill impairment related to our international franchise operations.

     During the year, the Company added a net total of 831 locations. Regis constructed 525 salons and franchisees built 285 salons. In fiscal 2005, the Company acquired 444 corporate salons (including 139 franchise buybacks), seven franchised salons, 42 company-owned hair restoration centers, 49 franchised hair restoration centers and 13 beauty schools. Regis closed or relocated 395 corporate and franchised locations. As of June 30, 2005, Regis Corporation owned or franchised 10,993 worldwide locations.

     “While we are disappointed that fiscal 2005 results did not meet our long-term earnings objectives, we are heartened by our fourth quarter results, which were in-line with our guidance,” commented Paul D. Finkelstein, chairman and chief executive officer. “Despite the challenging conditions in our core salon business, we accomplished a great deal this year. In addition to expanding our salon base, we more than doubled our beauty school business, acquired Hair Club for Men and Women and invested in an emerging kid’s hair salon concept. These investments, which complement our core salon business, will position Regis to achieve long-term double digit earnings growth.”

Fourth Quarter Results

     Consolidated revenues increased 17 percent to a record $593 million compared to $509 million a year ago. Same-store sales increased 0.9 percent. Fourth quarter net income increased 10 percent to $29.5 million, or $0.64 per diluted share. During the quarter, Regis Corporation added a net total of 186 locations. The Company constructed 152 salons and franchisees built 82 salons. In addition, Regis acquired 48 salons (including 17 salon franchise buybacks) and five beauty schools. The Company closed or relocated 84 salons during the quarter.

     The Company experienced two discrete matters which influenced fourth quarter operating results.

• Fourth quarter effective tax rate was lower than anticipated due to the resolution of prior tax filing matters.

• Regis identified an issue related to the taxability of certain benefits provided to Regis employees. The Company is working with the Internal Revenue Service to resolve this matter. Fourth quarter general and administrative expenses include an accrual to address this issue.

     Absent these two fourth quarter matters, the Company met its operating expectations.

Fiscal Year 2006 Outlook Remains Unchanged

     Excluding the benefit from future acquisitions, revenue for fiscal year 2006 is forecasted to increase 10 percent to $2.42 billion, assuming a same-store sales increase of one percent. Fiscal year 2006 earnings per diluted share are forecasted to increase to $2.42 per diluted share.

     Regis Corporation will broadcast its year-end conference call live on the internet, Wednesday, August 24, 2005 at 10:00 a.m. Central Time. Interested parties are invited to listen by logging onto www.regiscorp.com. An archive of the conference call will be available at this website shortly after the conclusion of the live broadcast. Regis Corporation will release First Quarter 2006 revenue results, including same-store sales, on October 12, 2005.

     Regis Corporation (RGS) is the beauty industry’s global leader in salons, hair restoration centers and education. As of June 30, 2005, the Company owned or franchised 10,993 worldwide locations; which included 10,879 beauty salons, 90 hair restoration centers and 24 beauty schools operating under concepts such as Supercuts, Jean Louis David, Vidal Sassoon, Regis Salons, MasterCuts, Trade Secret, SmartStyle, Cost Cutters and Hair Club for Men and Women. These and other concepts are located in the US and in ten other countries throughout North America and Europe. For additional information about the Company, including management’s current financial outlook and a reconciliation of non-GAAP financial information, please visit the Investor Information section of the corporate website at www.regiscorp.com.

This press release contains “forward-looking statements” within the meaning of the federal securities laws, including statements concerning anticipated future events and expectations that are not historical facts. These forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward–looking statements in this document reflect management’s best judgment at the time they are made, but all such statements are subject to numerous risks and uncertainties, which could cause actual results to differ materially from those expressed in or implied by the statements herein. Such forward-looking statements are often identified herein by use of words including, but not limited to, “may,” “believe,” “project,” ”forecast,” “expect,” “estimate,” “anticipate,” and “plan.” In addition, the following factors could affect the Company’s actual results and cause such results to differ materially from those expressed in forward-looking statements. These factors include competition within the personal hair care industry, which remains strong, both domestically and internationally, and price sensitivity; changes in economic condition; changes in consumer tastes and fashion trends; labor and benefit costs; legal claims; risk inherent to international development (including currency fluctuations); the continued ability of the Company and its franchisees to obtain suitable locations for new salon development; governmental initiatives such as minimum wage rates, taxes and possible franchise legislation; the ability of the Company to successfully identify and acquire salons and beauty schools that support its growth

objectives; or other factors not listed above. The ability of the Company to meet its expected revenue growth is dependent on salon and beauty school acquisitions, new salon construction and same-store sales increases, all of which are affected by many of the aforementioned risks. Additional information concerning potential factors that could affect future financial results is set forth in the Company’s Annual Report on Form 10-K/A for the year ended June 30, 2004 and included in Form S-3 Registration Statement filed with the Securities and Exchange Commission on June 8, 2005. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. However, your attention is directed to any further disclosures made in our subsequent annual and periodic reports filed or furnished with the SEC on Forms 10-K, 10-Q and 8-K and Proxy Statements on Schedule 14A.

(TABLES TO FOLLOW)

REGIS CORPORATION (NYSE:RGS)

CONSOLIDATED BALANCE SHEET
as of June 30, 2005 and 2004
(Dollars in thousands, except per share amounts)

	June 30,		June 30,
	2005		2004
ASSETS
Current assets:
Cash and cash equivalents	$	102,718	$	73,567
Receivables, net		47,752		35,033
Inventories		184,609		161,304
Deferred income taxes		17,229		15,285
Other current assets		28,341		28,253
Total current assets		380,649		313,442
Property and equipment, net		435,324		381,903
Goodwill		646,510		457,140
Other intangibles, net		208,800		79,174
Other assets		54,693		40,200
Total assets	$	1,725,976	$	1,271,859
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Long-term debt, current portion	$	19,747	$	19,128
Accounts payable		64,111		53,112
Accrued expenses		178,192		129,721
Total current liabilities		262,050		201,961
Long-term debt		549,029		282,015
Other noncurrent liabilities		160,185		105,863
Total liabilities		971,264		589,839
Shareholders’ equity:
Preferred stock, authorized 250,000 shares at June 30, 2005 and 2004
Common stock, $.05 par value;
issued and outstanding, 44,952,002 and 44,283,949 common shares at June 30, 2005 and 2004, respectively		2,248		2,214
Additional paid-in capital		229,871		220,204
Accumulated other comprehensive income		46,124		40,615
Retained earnings		476,469		418,987
Total shareholders’ equity		754,712		682,020
Total liabilities and shareholders’ equity	$	1,725,976	$	1,271,859

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REGIS CORPORATION (NYSE:RGS)

CONSOLIDATED STATEMENT OF OPERATIONS
(Dollars in thousands, except per share amounts)

	Three Months Ended						Year Ended
	June 30,						June 30,
	2005			2004			2005			2004
	(Unaudited)
Revenues:
Service	$	401,073		$	343,353		$	1,466,336		$	1,271,232
Product		171,368			146,496			648,420			578,279
Royalties and fees		21,035			18,748			79,538			73,632
		593,476			508,597			2,194,294			1,923,143
Operating expenses:
Cost of service		228,352			194,872			836,449			718,524
Cost of product		86,544			76,807			335,636			303,484
Site operating expenses		48,737			43,683			183,056			163,365
General and administrative		69,574			53,558			260,207			214,610
Rent		84,781			74,033			310,984			269,429
Depreciation and amortization		26,289			20,120			91,753			74,983
Goodwill impairment		—			—			38,319			—
Total operating expenses		544,277			463,073			2,056,404			1,744,395
Operating income		49,199			45,524			137,890			178,748
Other income (expense):
Interest		(7,583	)		(4,021	)		(24,385	)		(17,064	)
Other, net		784			32			2,952			1,155
Income before income taxes		42,400			41,535			116,457			162,839
Income taxes		(12,895	)		(14,745	)		(51,826	)		(58,621	)
Net income	$	29,505		$	26,790		$	64,631		$	104,218
Net income per share:
Basic	$	0.66		$	0.61		$	1.45		$	2.37
Diluted	$	0.64		$	0.58		$	1.39		$	2.26
Weighted average common and common equivalent shares outstanding:
Basic		44,881			44,298			44,622			44,014
Diluted		46,340			46,416			46,380			46,145
Cash dividends declared per common share	$	0.04		$	0.04		$	0.16		$	0.14

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REGIS CORPORATION (NYSE:RGS)

CONSOLIDATED STATEMENT OF CASH FLOWS
(Dollars in thousands)

	Year Ended June 30,
	2005			2004
Cash flows from operating activities:
Net income	$	64,631		$	104,218
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation		83,527			72,096
Amortization		8,226			3,451
Deferred income taxes		(9,257	)		15,340
Goodwill impairment		38,319			—
Tax benefit from stock-based employee compensation plans		9,088			8,314
Other noncash items affecting earnings		1,181			1,265
Changes in operating assets and liabilities*:
Receivables		(6,516	)		(16	)
Inventories		(17,974	)		(462	)
Other current assets		1,437			(10,629	)
Other assets		(5,726	)		(1,387	)
Accounts payable		8,288			(13,305	)
Accrued expenses		23,338			9,461
Other noncurrent liabilities		17,169			17,318
Net cash provided by operating activities		215,731			205,664
Cash flows from investing activities:
Capital expenditures		(101,097	)		(74,076	)
Proceeds from sale of assets		846			432
Purchases of salon and school net assets, net of cash acquired		(118,915	)		(99,734	)
Purchase of hair restoration centers, net of cash acquired		(209,652	)		—
Net cash used in investing activities		(428,818	)		(173,378	)
Cash flows from financing activities:
Borrowings on revolving credit facilities		2,954,100			514,650
Payments on revolving credit facilities		(2,976,750	)		(508,025	)
Proceeds from issuance of long-term debt		301,938			11,887
Repayments of long-term debt		(21,313	)		(24,111	)
Other, primarily (decrease) increase in negative book cash balances		(2,472	)		118
Dividends paid		(7,149	)		(6,166	)
Repurchase of common stock		(23,117	)		(22,548	)
Proceeds from issuance of common stock		17,257			17,347
Net cash provided by (used in) financing activities		242,494			(16,848	)
Effect of exchange rate changes on cash and cash equivalents		(256	)		2,675
Increase in cash and cash equivalents		29,151			18,113
Cash and cash equivalents:
Beginning of year		73,567			55,454
End of year	$	102,718		$	73,567

* Changes in operating assets and liabilities do not include assets and liabilities assumed through acquisitions.

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REGIS CORPORATION (NYSE:RGS)

Salon / School/ Hair Restoration Center Counts and Revenues

	June 30,		June 30,
	2005		2004
SYSTEM-WIDE LOCATIONS:
Company-owned salons		6,977		6,227
Franchise salons		3,902		3,924
Beauty schools		24		11
Company-owned hair restoration centers		41		—
Franchise hair restoration centers		49		—
		10,993		10,162

SALON LOCATION SUMMARY

NORTH AMERICAN SALONS:	June 30,			June 30,
REGIS SALONS	2005			2004
Open at beginning of period		1,085			1,095
Salons constructed		39			33
Acquired		13			4
Less relocations		14			10
Salon openings		38			27
Conversions		(1	)		(2	)
Salons closed		(29	)		(35	)
Total, Regis Salons		1,093			1,085
MASTERCUTS
Open at beginning of period		604			590
Salons constructed		47			34
Acquired		2			3
Less relocations		13			9
Salon openings		36			28
Conversions		1			1
Salons closed		(5	)		(15	)
Total, Mastercuts		636			604
TRADE SECRET
Company-owned salons:
Open at beginning of period		549			517
Salons constructed		56			26
Acquired		23			12
Franchise buybacks		—			2
Less relocations		17			5
Salon openings		62			35
Conversions		—			1
Salons closed		(14	)		(4	)
Total company-owned salons		597			549
Franchise salons:
Open at beginning of period		24			25
Salons constructed		—			1
Salon openings		—			1
Franchise buybacks		—			(2	)
Total franchise salons		24			24
Total, Trade Secret		621			573

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	June 30,			June 30,
SMARTSTYLE/COST CUTTERS IN WAL-MART	2005			2004
Company-owned salons:
Open at beginning of period		1,263			1,033
Salons constructed		194			174
Franchise buybacks		45			61
Less relocations		1			—
Salon openings		238			235
Salons closed		(4	)		(5	)
Total company-owned salons		1,497			1,263
Franchise salons:
Open at beginning of period		201			230
Salons constructed		29			33
Salon openings		29			33
Franchise buybacks		(45	)		(61	)
Salons closed		(1	)		(1	)
Total franchise salons		184			201
Total, SmartStyle/Cost Cutters in Wal-Mart		1,681			1,464
STRIP CENTERS
Company-owned salons:
Open at beginning of period		2,310			1,928
Salons constructed		167			166
Acquired		248			162
Franchise buybacks		94			133
Less relocations		21			8
Salon openings		488			453
Conversions		(3	)		(8	)
Salons closed		(67	)		(63	)
Total company-owned salons		2,728			2,310
Franchise salons:
Open at beginning of period		2,105			2,172
Salons constructed		154			146
Acquired (2)		7			—
Less relocations		13			10
Salon openings		148			136
Conversions		6			8
Franchise buybacks		(94	)		(133	)
Salons closed		(63	)		(78	)
Total franchise salons		2,102			2,105
Total, Strip Centers		4,830			4,415

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	June 30,			June 30,
INTERNATIONAL SALONS (1)	2005			2004
Company-owned salons:
Open at beginning of period		416			395
Salons constructed		22			19
Acquired		19			18
Franchise buybacks		—			10
Salon openings		41			47
Conversions		(3	)		—
Salons closed		(28	)		(26	)
Total company-owned salons		426			416
Franchise salons:
Open at beginning of period		1,594			1,627
Salons constructed		102			88
Salon openings		102			88
Franchise buybacks		—			(10	)
Salons closed		(104	)		(111	)
Total franchise salons		1,592			1,594
Total international salons		2,018			2,010
TOTAL SYSTEM-WIDE LOCATIONS
Company-owned salons:
Open at beginning of period		6,227			5,558
Salons constructed		525			452
Acquired		305			199
Franchise buybacks		139			206
Less relocations		66			32
Salon openings		903			825
Conversions		(6	)		(8	)
Salons closed		(147	)		(148	)
Total company-owned salons		6,977			6,227
Franchise salons:
Open at beginning of period		3,924			4,054
Salons constructed		285			268
Acquired (2)		7			—
Less relocations		13			10
Salon openings		279			258
Conversions		6			8
Franchise buybacks		(139	)		(206	)
Salons closed		(168	)		(190	)
Total franchise salons		3,902			3,924
Beauty schools:
Open at beginning of period		11			5
Acquired		13			6
Site openings		13			6
Total beauty schools		24			11
Company-owned hair restoration centers:
Acquired		42			—
Site openings		42			—
Sites closed		(1	)		—
Total company-owned hair restoration centers		41			—
Franchise hair restoration centers:
Acquired		49			—
Site openings		49			—
Total franchise hair restoration centers		49			—
Grand total, system-wide		10,993			10,162

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(1)	Canadian and Puerto Rican salons are included in the Regis Salons, Strip Center, MasterCuts and Trade Secret concepts and not included in the International salon totals.
(2)	Represents primarily the acquisition of franchise networks.

Relocations represent a transfer of location by the same salon concept.
Conversions represent the transfer of one salon concept to another concept.

NOTE 1. REVENUES BY CONCEPT:

	For the Periods Ended June 30,
	Three Months						Year Ended
(Dollars in thousands)	2005			2004			2005			2004
Revenues:
North American salons:
Regis Salons	$	121,948		$	118,554		$	475,736		$	476,107
MasterCuts		43,050			42,568			172,792			173,415
Trade Secret		62,675			59,745			252,934			242,604
SmartStyle		94,047			78,809			351,741			294,564
Strip Centers		170,835			142,471			621,008			518,856
Total North American salons		492,555			442,147			1,874,211			1,705,546
International salons		65,192			61,921			226,784			202,454
Beauty schools		9,665			4,529			33,911			15,143
Hair restoration centers		26,064			—			59,388			—
Consolidated revenues	$	593,476		$	508,597		$	2,194,294		$	1,923,143
Percent change from prior year		16.7	%		13.5	%		14.1	%		14.2	%
Same-store sales increase		0.9	%		1.5	%		0.9	%		2.6	%

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NOTE 2. FINANCIAL INFORMATION BY SEGMENT:

Financial information concerning the Company’s salon, school and hair restoration businesses is shown in the following tables.

	For the Three Months Ended June 30, 2005
	Salons				Beauty		Hair Restoration		Unallocated
(Dollars in thousands)	North America		International		Schools		Centers		Corporate			Consolidated
Revenues:
Service	$	339,857	$	41,493	$	9,204	$	10,519	$	—		$	401,073
Product		142,401		14,491		461		14,015		—			171,368
Royalties and fees		10,297		9,208		—		1,530		—			21,035
		492,555		65,192		9,665		26,064		—			593,476
Operating expenses:
Cost of service		196,282		21,880		4,005		6,185		—			228,352
Cost of product		74,141		7,478		183		4,742		—			86,544
Site operating expenses		43,875		2,856		1,615		391		—			48,737
General and administrative		24,621		12,240		1,284		5,875		25,554			69,574
Rent		68,896		13,310		1,053		1,434		88			84,781
Depreciation and amortization		18,539		2,319		432		2,191		2,808			26,289
Total operating expenses		426,354		60,083		8,572		20,818		28,450			544,277
Operating income (loss)		66,201		5,109		1,093		5,246		(28,450	)		49,199
Other income (expense):
Interest		—		—		—		—		(7,583	)		(7,583	)
Other, net		—		—		—		—		784			784
Income (loss) before income taxes	$	66,201	$	5,109	$	1,093	$	5,246	$	(35,249	)	$	42,400

	For the Three Months Ended June 30, 2004
	Salons				Beauty		Hair Restoration		Unallocated
(Dollars in thousands)	North America		International		Schools		Centers		Corporate			Consolidated
Revenues:
Service	$	299,208	$	39,788	$	4,357	$	—	$	—		$	343,353
Product		132,621		13,703		172		—		—			146,496
Royalties and fees		10,318		8,430		—		—		—			18,748
		442,147		61,921		4,529		—		—			508,597
Operating expenses:
Cost of service		173,246		19,955		1,671		—		—			194,872
Cost of product		67,268		9,450		89		—		—			76,807
Site operating expenses		40,500		2,904		279		—		—			43,683
General and administrative		23,112		6,973		803		—		22,670			53,558
Rent		62,087		11,458		394		—		94			74,033
Depreciation and amortization		15,603		2,057		178		—		2,282			20,120
Total operating expenses		381,816		52,797		3,414		—		25,046			463,073
Operating income (loss)		60,331		9,124		1,115		—		(25,046	)		45,524
Other income (expense):
Interest		—		—		—		—		(4,021	)		(4,021	)
Other, net		—		—		—		—		32			32
Income (loss) before income taxes	$	60,331	$	9,124	$	1,115	$	—	$	(29,035	)	$	41,535

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	For the Year Ended June 30, 2005
	Salons					Beauty		Hair Restoration		Unallocated
(Dollars in thousands)	North America		International			Schools		Centers		Corporate			Consolidated
Revenues:
Service	$	1,270,444	$	139,629		$	31,848	$	24,415	$	—		$	1,466,336
Product		563,529		51,143			2,063		31,685		—			648,420
Royalties and fees		40,238		36,012			—		3,288		—			79,538
		1,874,211		226,784			33,911		59,388		—			2,194,294
Operating expenses:
Cost of service		737,045		74,344			11,535		13,525		—			836,449
Cost of product		293,336		30,745			1,288		10,267		—			335,636
Site operating expenses		166,680		9,750			4,319		2,307		—			183,056
General and administrative		99,210		42,357			5,097		12,712		100,831			260,207
Rent		262,818		41,523			2,943		3,242		458			310,984
Depreciation and amortization		67,042		7,879			1,263		5,071		10,498			91,753
Goodwill impairment		—		38,319			—		—		—			38,319
Total operating expenses		1,626,131		244,917			26,445		47,124		111,787			2,056,404
Operating income (loss)		248,080		(18,133	)		7,466		12,264		(111,787	)		137,890
Other income (expense):
Interest		—		—			—		—		(24,385	)		(24,385	)
Other, net		—		—			—		—		2,952			2,952
Income (loss) before income taxes	$	248,080	$	(18,133	)	$	7,466	$	12,264	$	(133,220	)	$	116,457

	For the Year Ended June 30, 2004
	Salons				Beauty		Hair Restoration		Unallocated
(Dollars in thousands)	North America		International		Schools		Centers		Corporate			Consolidated
Revenues:
Service	$	1,131,325	$	125,442	$	14,465	$	—	$	—		$	1,271,232
Product		532,843		44,758		678		—		—			578,279
Royalties and fees		41,378		32,254		—		—		—			73,632
		1,705,546		202,454		15,143		—		—			1,923,143
Operating expenses:
Cost of service		649,898		63,766		4,860		—		—			718,524
Cost of product		273,119		29,967		398		—		—			303,484
Site operating expenses		153,564		8,410		1,391		—		—			163,365
General and administrative		90,228		33,589		1,720		—		89,073			214,610
Rent		230,726		37,081		1,174		—		448			269,429
Depreciation and amortization		58,601		7,162		385		—		8,835			74,983
Total operating expenses		1,456,136		179,975		9,928		—		98,356			1,744,395
Operating income (loss)		249,410		22,479		5,215		—		(98,356	)		178,748
Other income (expense):
Interest		—		—		—		—		(17,064	)		(17,064	)
Other, net		—		—		—		—		1,155			1,155
Income (loss) before income taxes	$	249,410	$	22,479	$	5,215	$	—	$	(114,265	)	$	162,839

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