8-K

SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to section 13 or 15(d) of the
Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):  October 11, 2006

REGIS CORPORATION
(Exact name of registrant as specified in its charter)

Minnesota	1-12725	41-0749934
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No)

7201 Metro Boulevard
Minneapolis, MN 55439
(Address of principal executive offices and zip code)

(952) 947-7000
(Registrant’s telephone number, including area code)

(Not applicable)
(Former name or former address, if changed from last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Regis Corporation
Current Report on Form 8-K

ITEM 2.02. RESULTS OF OPERATIONS AND FINANCIAL CONDITION.

On October 11, 2006, Regis Corporation announced its consolidated revenues and same-store sales for its fiscal first quarter ended September 30, 2006.  A copy of the News Release issued by Regis Corporation in connection with this Item 2.02 is attached as Exhibit 99 and incorporated by reference herein.

The information in this Form 8-K shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that Section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Securities Exchange Act of 1934, regardless of any general incorporation language in such filing.

ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.

(c) Exhibits.

	EXHIBIT NUMBER
99		Regis Corporation News Release dated October 11, 2006

2

SIGNATURE

     Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	REGIS CORPORATION
Dated: October 13, 2006	By:	/s/ Eric Bakken
		Name: Eric Bakken, Title: Secretary

EXHIBIT INDEX

	EXHIBIT NUMBER
99		Regis Corporation News Release dated October 11, 2006

3

EX-99

Exhibit 99

CONTACT:	REGIS CORPORATION:
	Jack Nielsen — Director, Finance
	952-806-1765

For Immediate Release

REGIS FIRST QUARTER REVENUES GREW NINE PERCENT TO $639 MILLION

- First Quarter Same-Store Sales Decreased 0.3 Percent -

MINNEAPOLIS, October 11, 2006 — Regis Corporation (NYSE:RGS), the global leader in the $150 billion hair care industry, today reported that consolidated revenues increased 9.4 percent in the first fiscal quarter of 2007 to a record $639 million, compared to $584 million a year ago. First quarter same-store sales decreased 0.3 percent.

First Quarter Revenues:

	For the Three Months Ended September 30, 2006
	Salons				Beauty		Hair Restoration
	North America		International		Schools		Centers		Consolidated
(Dollars in thousands)
Revenues:
Service	$	371,199	$	33,690	$	16,946	$	12,699	$	434,534
Product	153,908		13,441		2,421		15,175		184,945
Royalties and fees	9,799		8,744		—		1,223		19,766
Total	$	534,906	$	55,875	$	19,367	$	29,097	$	639,245

	For the Three Months Ended September 30, 2005
	Salons				Beauty		Hair Restoration
	North America		International		Schools		Centers		Consolidated
(Dollars in thousands)
Revenues:
Service	$	337,193	$	31,373	$	11,802	$	10,601	$	390,969
Product	146,513		11,701		1,420		14,118		173,752
Royalties and fees	9,837		8,407		—		1,264		19,508
Total	$	493,543	$	51,481	$	13,222	$	25,983	$	584,229

First Quarter Hair Salon Same-Store Sales:
For the Three Months Ended September 30,

	Current Year						Prior Year
	Service		Retail		Total		Service		Retail		Total
Regis Salons	-1.4	%	-3.0	%	-1.7	%	0.1	%	-2.9	%	-0.4	%
MasterCuts	-0.7		-0.9		-0.8		1.3		-7.1		-0.5
Trade Secret	-0.9		-2.6		-2.4		-2.6		-2.0		-2.1
Strip Center Salons	0.7		0.8		0.7		2.1		3.3		2.2
SmartStyle	3.6		-1.6		1.7		5.3		2.9		4.4
Domestic Same-Store Sales	0.5	%	-1.9	%	-0.2	%	1.8	%	-0.7	%	1.1	%
International Same-Store Sales	-3.4	%	4.6	%	-1.1	%	-5.9	%	2.4	%	-3.6	%
Consolidated Same-Store Sales	0.2	%	-1.4	%	-0.3	%	1.3	%	-0.5	%	0.7	%

International same-store sales for the year represent the 12-week period ended September 16, 2006 versus the 12-week period ended September 17, 2005.

Regis Corporation will host a conference call discussing first quarter results on October 25, 2006 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 June 30, 2006, the company owned or franchised 11,477 worldwide locations; which included 11,333 beauty salons, 90 hair restoration centers and 54 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. To join Regis Corporation’s email alert list, click on this link:

http://www.b2i.us/irpass.asp?BzID=913&to=ea&Nav=1&S=0&L=1

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, acquire and integrate 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, 2006 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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