EX-99 2 a06-8909_1ex99.htm EX-99

Exhibit 99

 

 

CONTACT:

REGIS CORPORATION:

 

 

Jack Nielsen – Director of Finance

 

 

952-806-1765

 

For Immediate Release

 

REGIS THIRD QUARTER REVENUES GREW EIGHT PERCENT TO $604 MILLION

-Third Quarter Same-Store Sales Decreased 0.4 Percent-

 

MINNEAPOLIS, April 12, 2006 — Regis Corporation (NYSE:RGS), the global leader in the $150 billion hair care industry, today reported that consolidated revenues increased eight percent in the third fiscal quarter of 2006 to a record $604 million, compared to $557 million a year ago.

 

Third Quarter Revenues:

 

 

 

For the Three Months Ended March 31, 2006

 

 

 

Salons

 

Beauty

 

Hair Restoration

 

 

 

(Dollars in thousands)

 

North America

 

International

 

Schools

 

Centers

 

Consolidated

 

Revenues:

 

 

 

 

 

 

 

 

 

 

 

Service

 

$

348,125

 

$

30,253

 

$

16,591

 

$

12,095

 

$

407,064

 

Product

 

148,351

 

13,350

 

1,542

 

14,664

 

177,907

 

Royalties and fees

 

9,549

 

8,243

 

—

 

1,284

 

19,076

 

Total

 

$

506,025

 

$

51,846

 

$

18,133

 

$

28,043

 

$

604,047

 

 

 

 

For the Three Months Ended March 31, 2005

 

 

 

Salons

 

Beauty

 

Hair Restoration

 

 

 

(Dollars in thousands)

 

North America

 

International

 

Schools

 

Centers

 

Consolidated

 

Revenues:

 

 

 

 

 

 

 

 

 

 

 

Service

 

$

319,176

 

$

32,383

 

$

9,486

 

$

7,636

 

$

368,681

 

Product

 

138,936

 

12,903

 

672

 

16,173

 

168,684

 

Royalties and fees

 

9,798

 

8,971

 

—

 

1,130

 

19,899

 

Total

 

$

467,910

 

$

54,257

 

$

10,158

 

$

24,939

 

$

557,264

 

 

Third Quarter Hair Salon Same-Store Sales:

 

For the Three Months Ended March 31,

 

 

 

2006

 

2005

 

 

 

Service

 

Retail

 

Total

 

Service

 

Retail

 

Total

 

Regis Salons

 

-2.5

%

-2.0

%

-2.4

%

1.1

%

-2.7

%

0.4

%

MasterCuts

 

-2.1

 

-2.6

 

-2.2

 

1.2

 

-8.2

 

-0.9

 

Trade Secret

 

-0.1

 

-3.7

 

-3.3

 

-4.1

 

0.0

 

-0.5

 

Strip Center Salons

 

0.7

 

1.1

 

0.8

 

2.6

 

2.9

 

2.6

 

SmartStyle

 

4.0

 

2.4

 

3.4

 

5.6

 

2.8

 

4.6

 

Domestic Same-Store Sales

 

0.0

%

-1.2

%

-0.3

%

2.3

%

-0.2

%

1.5

%

International Same-Store Sales

 

-4.4

%

5.9

%

-1.4

%

0.1

%

1.1

%

0.4

%

Consolidated Same-Store Sales

 

-0.3

%

-0.7

%

-0.4

%

2.1

%

-0.1

%

1.4

%

 


 

International same-store sales for the quarter represent the 12-week period ended March 4, 2006 versus the 12-week period ended March 5, 2005.

 

Regis Corporation will announce third quarter 2006 earnings results on April 26, 2006. A conference call discussing third quarter results will follow at 10:00 a.m., Central Time. Interested parties are invited to listen by logging on to www.regiscorp.com.

 

Regis Corporation (NYSE:RGS) is the beauty industry’s global leader in salons, hair restoration centers and education. As of March 31, 2005, the Company owned or franchised 11,288 worldwide locations; which included 11,145 beauty salons, 90 hair restoration centers and 53 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; the ability of the company to maintain satisfactory relationships with suppliers; 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 for the year ended June 30, 2005 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.

 

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