Exhibit No. 99

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

For Immediate Release

REGIS REPORTS SECOND QUARTER 2007 RESULTS

MINNEAPOLIS, January 24, 2007 — Regis Corporation (NYSE:RGS), the global leader in the $150 billion hair care industry, today reported second quarter net income of $26.9 million, or $0.59 per diluted share. Second quarter earnings results included a five cent per diluted share tax benefit associated with the retroactive reinstatement of the Work Opportunity and Welfare-to-Work Credits. This change to the tax law was enacted on December 20, 2006. Absent the tax benefit, earnings per diluted share were $0.54, which was at the upper end of the company’s previously released guidance range.

The company previously reported that revenues for the second quarter ended December 31, 2006 increased eight percent to $657 million versus $607 million in second quarter of fiscal 2006. Consolidated same-store sales increased 0.5 percent for the quarter versus a 1.2 percent increase during the comparable quarter a year ago.

Regis Corporation added a net total of 79 locations during the second quarter. The company constructed 85 salons and franchisees built 62 salons. In addition, Regis acquired 15 salons, including nine franchise salon buybacks. The company closed or relocated 73 salons and one hair restoration center during the quarter.

“We are encouraged by the initial signs of recovery in our business during the second quarter,” commented Paul D. Finkelstein, Chairman and Chief Executive Officer of Regis Corporation. “We are particularly pleased by the improvement in our service same-store sales which increased 1.3 percent compared to a 0.7 percent increase during the comparable period last year.”

Third Quarter 2007 Outlook

The following outlook pertains to the fiscal third quarter ending March 31, 2007:

·Earnings per diluted share are forecasted to increase to a range of $0.50 to $0.56, compared to $0.40 a year ago. The year ago period included $0.08 per diluted share of transaction charges related to the terminated merger with Alberto-Culver’s Sally Beauty Company business unit. The third quarter 2007 forecast assumes a corporate tax rate of 34 to 35 percent.

·Consolidated revenue is forecasted to grow eight to nine percent to a range of $651 million to $659 million compared to $604 million a year ago.

·Consolidated same-store sales are forecasted to be in a range of 0.0 to 2.0 percent.

Fiscal Year 2007 Outlook Remains Unchanged

The following outlook pertains to the fiscal year ending June 30, 2007:

·Excluding accretion from future possible acquisitions, earnings per diluted share are forecasted to be in a range of $2.10 to $2.24.

·Excluding revenue from future possible acquisitions, consolidated revenue is forecasted to grow eight percent to $2.6 billion.

·Consolidated same-store sales are forecasted to be in a range of 0.0 to 1.0 percent.

Regis Corporation will host a conference call discussing second quarter results today, January 24, 2007 at 10:00 a.m., Central Time. Interested parties are invited to listen by logging on to www.regiscorp.com or dialing 800-240-7305. A replay of the call will be available later that day. The replay phone number is 800-405-2236, access code 11072540#.

About Regis Corporation

Regis Corporation (NYSE:RGS) is the beauty industry’s global leader in salons, hair restoration centers and education. As of December 31, 2006, the company owned or franchised 11,713 worldwide locations; which included 11,570 beauty salons, 88 hair restoration centers and 55 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. 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.

REGIS CORPORATION (NYSE: RGS)
CONDENSED CONSOLIDATED BALANCE SHEET (Unaudited)
as of December 31, 2006 and June 30, 2006
(Dollars in thousands, except per share amounts)

	December 31, 2006		June 30, 2006
ASSETS
Current assets:
Cash and cash equivalents	$	156,130	$	135,397
Receivables, net	72,484		62,558
Inventories	207,407		193,999
Deferred income taxes	16,647		16,224
Other current assets	56,991		33,588
Total current assets	509,659		441,766
Property and equipment, net	490,343		483,764
Goodwill	797,482		778,228
Other intangibles, net	215,149		216,831
Other assets	78,992		61,475
Total assets	$	2,091,625	$	1,982,064
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Long-term debt, current portion	$	186,154	$	101,912
Accounts payable	81,481		70,807
Accrued expenses	238,580		230,236
Total current liabilities	506,215		402,955
Long-term debt	490,860		520,357
Other noncurrent liabilities	191,909		187,345
Total liabilities	1,188,984		1,110,657
Commitments and contingencies
Shareholders’ equity:
Preferred stock, authorized 250,000 shares at December 31, 2006 and June 30, 2006
Common stock, $.05 par value; issued and outstanding 44,832,926 and 45,303,459 common shares at December 31, 2006 and June 30, 2006, respectively	2,242		2,266
Additional paid-in capital	210,492		232,284
Accumulated other comprehensive income	64,788		58,066
Retained earnings	625,119		578,791
Total shareholders’ equity	902,641		871,407
Total liabilities and shareholders’ equity	$	2,091,625	$	1,982,064

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REGIS CORPORATION (NYSE: RGS)

CONSOLIDATED STATEMENT OF OPERATIONS (Unaudited)

(Dollars in thousands, except per share amounts)

	Three Months Ended December 31						Six Months Ended December 31
	2006			2005			2006			2005
Revenues:
Service	$	440,345		$	399,278		$	874,897		$	790,247
Product	196,752			188,108			381,677			361,860
Royalties and fees	19,893			19,237			39,659			38,745
	656,990			606,623			1,296,233			1,190,852
Operating expenses:
Cost of service	249,613			226,938			495,138			448,797
Cost of product	100,164			95,859			194,393			184,395
Site operating expenses	54,967			50,112			110,773			99,828
General and administrative	81,411			71,175			159,364			145,242
Rent	93,163			85,046			185,335			167,881
Depreciation and amortization	30,412			27,259			59,954			53,155
Total operating expenses	609,730			556,389			1,204,957			1,099,298
Operating income	47,260			50,234			91,276			91,554
Other income (expense):
Interest	(10,671		)	(8,660		)	(20,509		)	(16,924		)
Other, net	1,582			570			2,393			1,369
Income before income taxes	38,171			42,144			73,160			75,999
Income taxes	(11,297		)	(14,834		)	(23,193		)	(26,530		)
Net income	$	26,874		$	27,310		$	49,967		$	49,469
Net income per share:
Basic	$	0.60		$	0.61		$	1.11		$	1.10
Diluted	$	0.59		$	0.59		$	1.09		$	1.07
Weighted average common and common equivalent shares outstanding:
Basic	44,673			45,154			44,858			45,059
Diluted	45,596			46,411			45,847			46,366
Cash dividends declared per common share	$	0.04		$	0.04		$	0.08		$	0.08

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REGIS CORPORATION (NYSE: RGS)
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited)
for the six months ended December 31, 2006 and 2005
(Dollars in thousands)

	2006			2005
Cash flows from operating activities:
Net income	$	49,967		$	49,469
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	53,915			47,376
Amortization	6,039			5,779
Deferred income taxes	3,550			82
Excess tax benefits from stock-based compensation plans	(2,892		)	(2,419		)
Stock-based compensation	2,291			2,904
Other noncash items affecting earnings	1,497			277
Changes in operating assets and liabilities:
Receivables	(9,278		)	70
Inventories	(11,141		)	(16,022		)
Other current assets	(21,935		)	(3,549		)
Other assets	(3,729		)	(1,201		)
Accounts payable	14,947			11,921
Accrued expenses	9,975			24,584
Other noncurrent liabilities	8,075			7,243
Net cash provided by operating activities	101,281			126,514
Cash flows from investing activities:
Capital expenditures	(46,281		)	(60,415		)
Proceeds from sale of assets	133			227
Purchase of salon, school and hair restoration center net assets, net of cash acquired	(25,343		)	(41,425		)
Loans and investments	(14,813		)	—
Net investment hedge settlement	(8,897		)	—
Net cash used in investing activities	(95,201		)	(101,613		)
Cash flows from financing activities:
Borrowings on revolving credit facilities	3,336,506			1,195,305
Payments on revolving credit facilities	(3,287,500		)	(1,178,705		)
Proceeds from issuance of long-term debt	25,000			—
Repayments of long-term debt	(28,889		)	(14,145		)
Excess tax benefits from stock-based compensation plans	2,892			2,419
Other, primarily (decrease) increase in negative book cash balances	(2,727		)	1,011
Repurchase of common stock	(37,481		)	—
Proceeds from issuance of common stock	8,970			7,108
Dividends paid	(3,643		)	(3,616		)
Net cash provided by financing activities	13,128			9,377
Effect of exchange rate changes on cash and cash equivalents	1,525			(854		)
Increase in cash and cash equivalents	20,733			33,424
Cash and cash equivalents:
Beginning of period	135,397			102,718
End of period	$	156,130		$	136,142

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REGIS CORPORATION (NYSE: RGS)

Salon / School / Hair Restoration Center Counts and Revenues

	December 31, 2006	June 30, 2006
SYSTEM-WIDE LOCATIONS:
Company-owned salons	7,784	7,559
Franchise salons	3,786	3,774
Beauty career schools	55	54
Company-owned hair restoration centers	47	48
Franchise hair restoration centers	41	42
Total, system-wide	11,713	11,477

SALON LOCATION SUMMARY

	December 31, 2006		June 30, 2006
NORTH AMERICAN SALONS:
REGIS SALONS
Open at beginning of period	1,079		1,093
Salons constructed	8		38
Acquired	34		14
Less relocations	6		16
Salon openings	36		36
Conversions	(1	)	—
Salons closed	(13	)	(50	)
Total, Regis Salons	1,101		1,079
MASTERCUTS
Open at beginning of period	642		636
Salons constructed	6		32
Acquired	—		—
Less relocations	3		8
Salon openings	3		24
Conversions	—		(2	)
Salons closed	(7	)	(16	)
Total, MasterCuts Salons	638		642
TRADE SECRET
Company-owned salons:
Open at beginning of period	615		597
Salons constructed	12		33
Acquired	3		2
Franchise buybacks	—		5
Less relocations	5		6
Salon openings	10		34
Conversions	1		1
Salons closed	(8	)	(17	)
Total company-owned salons	618		615

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		December 31, 2006			June 30, 2006
Franchise salons:
Open at beginning of period		19			24
Salons constructed		—			—
Acquired		—			—
Less relocations		—			—
Salon openings		—			—
Franchise buybacks		—			(5	)
Salons closed		—			—
Total franchise salons		19			19
Total, Trade Secret Salons		637			634
SMARTSTYLE/COST CUTTERS IN WAL-MART
Company-owned salons:
Open at beginning of period		1,739			1,497
Salons constructed		118			215
Acquired		—			—
Franchise buybacks		13			31
Less relocations		1			2
Salon openings		130			244
Conversions		—			1
Salons closed		—			(3	)
Total company-owned salons		1,869			1,739
Franchise salons:
Open at beginning of period	164			184
Salons constructed	3			11
Acquired	—			—
Less relocations	—			—
Salon openings	3			11
Conversions	—			—
Franchise buybacks	(13		)	(31		)
Salons closed	—			—
Total franchise salons	154			164
Total, SmartStyle/Cost Cutters in Wal-Mart Salons	2,023			1,903

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	December 31, 2006					June 30, 2006
STRIP CENTERS
Company-owned salons:
Open at beginning of period	3,031					2,728
Salons constructed	55					180
Acquired	—					122
Franchise buybacks	34					104
Less relocations	10					21
Salon openings	79					385
Conversions	—					(2	)
Salons closed	(28			)		(80	)
Total company-owned salons	3,082					3,031
Franchise salons:
Open at beginning of period	2,004					2,102
Salons constructed	71					135
Acquired (2)	—					—
Less relocations	5					18
Salon openings	66					117
Conversions	—					2
Franchise buybacks	(34			)		(104	)
Salons closed	(24			)		(113	)
Total franchise salons	2,012					2,004
Total, Strip Center Salons	5,094					5,035
INTERNATIONAL SALONS (1)
Company-owned salons:
Open at beginning of period	453					426
Salons constructed	15					33
Acquired	12					10
Franchise buybacks	2					2
Less relocations	2					4
Salon openings	27					41
Conversions	—					(2	)
Salons closed	(4		)			(12	)
Total company-owned salons	476					453
Franchise salons:
Open at beginning of period	1,587				1,592
Salons constructed	54				111
Acquired (2)	—				—
Salon openings	54				111
Conversions	—				2
Franchise buybacks	(2	)			(2		)
Salons closed	(38	)			(116		)
Total franchise salons	1,601				1,587
Total, International Salons	2,077				2,040

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	December 31, 2006		June 30, 2006
TOTAL SYSTEM-WIDE SALONS:
Company-owned salons:
Open at beginning of period	7,559		6,977
Salons constructed	214		531
Acquired	49		148
Franchise buybacks	49		142
Less relocations	27		57
Salon openings	285		764
Conversions	—		(4	)
Salons closed	(60	)	(178	)
Total company-owned salons	7,784		7,559
Franchise salons:
Open at beginning of period	3,774		3,902
Salons constructed	128		257
Acquired (2)	—		—
Less relocations	5		18
Salon openings	123		239
Conversions	—		4
Franchise buybacks	(49	)	(142	)
Salons closed	(62	)	(229	)
Total franchise salons	3,786		3,774
Total Salons	11,570		11,333
BEAUTY SCHOOLS
Open at beginning of period	54		24
Salons constructed	—		2
Acquired	1		30
Less relocations	—		2
Total Beauty Schools	55		54
HAIR RESTORATION CENTERS:
Company-owned hair restoration centers:
Open at beginning of period	48		41
Salons constructed	—		1
Acquired	—		1
Franchise buybacks	—		7
Less relocations	—		1
Salon openings	—		8
Sites closed	(1	)	(1	)
Total company-owned hair restoration centers	47		48
Franchise hair restoration centers:
Open at beginning of period	42		49
Acquired	—		—
Sites closed	(1	)	(7	)
Total franchise hair restoration centers	41		42
Total Hair Restoration Centers	88		90
Grand Total, System-wide	11,713		11,477

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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.

REVENUES BY CONCEPT:

	Three Months Ended December 31						Six Months Ended December 31
(Dollars in thousands)	2006			2005			2006			2005
North American salons:
Regis	$	125,461		$	121,665		$	247,736		$	240,795
MasterCuts	44,093			44,441			88,142			87,945
Trade Secret (1)	72,442			73,711			137,904			138,202
SmartStyle	112,513			102,150			223,802			200,014
Strip Centers (1)	190,404			169,616			382,235			338,170
Total North American salons	544,913			511,583			1,079,819			1,005,126
International salons (1)	60,369			53,086			116,244			104,567
Beauty schools	21,976			15,007			41,341			28,229
Hair restoration centers (1)	29,732			26,947			58,829			52,930
Consolidated revenues	$	656,990		$	606,623		$	1,296,233		$	1,190,852
Percent change from prior year	8.3		%	12.9		%	8.8		%	14.1		%
Same-store sales increase	0.5		%	1.2		%	0.2		%	1.0		%

(1) Includes aggregate franchise royalties and fees of $19.9 and $19.2 million for the three months ended December 31, 2006 and 2005, respectively, and $39.7 and $38.7 million for the six months ended December 31, 2006 and 2005, respectively.  North American salon franchise royalties and fees represented 47.7 and 51.1 percent of total franchise revenues in the three months ended December 31, 2006 and 2005, respectively, and 48.7 and 50.8 percent of total franchise revenues in the six months ended December 31, 2006 and 2005, respectively.

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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 December 31, 2006
	Salons				Beauty		Hair Restoration		Unallocated
(Dollars in thousands)	North America		International		Schools		Centers		Corporate			Consolidated
Revenues:
Service	$	372,161	$	35,234	$	20,142	$	12,808	$	—		$	440,345
Product	163,256		15,919		1,834		15,743		—			196,752
Royalties and fees	9,496		9,216		—		1,181		—			19,893
	544,913		60,369		21,976		29,732		—			656,990
Operating expenses:
Cost of service	215,863		18,618		8,184		6,948		—			249,613
Cost of product	84,591		9,883		1,126		4,564		—			100,164
Site operating expenses	46,739		2,721		4,216		1,291		—			54,967
General and administrative	30,345		11,556		2,796		6,542		30,172			81,411
Rent	77,690		11,111		2,241		1,608		513			93,163
Depreciation and amortization	20,631		2,193		829		2,390		4,369			30,412
Total operating expenses	475,859		56,082		19,392		23,343		35,054			609,730
Operating income	69,054		4,287		2,584		6,389		(35,054		)	47,260
Other income (expense):
Interest	—		—		—		—		(10,671		)	(10,671		)
Other, net	—		—		—		—		1,582			1,582
Income (loss) before income taxes	$	69,054	$	4,287	$	2,584	$	6,389	$	(44,143	)	$	38,171

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	For the Three Months Ended December 31, 2005
	Salons				Beauty		Hair Restoration		Unallocated
(Dollars in thousands)	North America		International		Schools		Centers		Corporate			Consolidated
Revenues:
Service	$	342,343	$	31,590	$	13,955	$	11,390	$	—		$	399,278
Product	159,413		13,332		1,052		14,311		—			188,108
Royalties and fees	9,827		8,164		—		1,246		—			19,237
	511,583		53,086		15,007		26,947		—			606,623
Operating expenses:
Cost of service	198,748		16,687		4,931		6,572		—			226,938
Cost of product	82,455		8,250		781		4,373		—			95,859
Site operating expenses	44,603		2,591		1,835		1,083		—			50,112
General and administrative	24,504		10,125		1,767		5,638		29,141			71,175
Rent	71,772		9,835		1,544		1,463		432			85,046
Depreciation and amortization	19,002		1,980		652		2,286		3,339			27,259
Total operating expenses	441,084		49,468		11,510		21,415		32,912			556,389
Operating income (loss)	70,499		3,618		3,497		5,532		(32,912		)	50,234
Other income (expense):
Interest	—		—		—		—		(8,660		)	(8,660		)
Other, net	—		—		—		—		570			570
Income (loss) before income taxes	$	70,499	$	3,618	$	3,497	$	5,532	$	(41,002	)	$	42,144

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	For the Six Months Ended December 31, 2006
	Salons				Beauty		Hair Restoration		Unallocated
	North America		International		Schools		Centers		Corporate			Consolidated
					(Dollars in thousands)
Revenues:
Service	$	743,360	$	68,924	$	37,106	$	25,507	$	—		$	874,897
Product	317,164		29,360		4,235		30,918		—			381,677
Royalties and fees	19,295		17,960		—		2,404		—			39,659
	1,079,819		116,244		41,341		58,829		—			1,296,233
Operating expenses:
Cost of service	428,235		36,596		16,220		14,087		—			495,138
Cost of product	164,295		17,875		2,928		9,295		—			194,393
Site operating expenses	94,844		5,075		8,546		2,308		—			110,773
General and administrative	59,390		21,726		5,163		12,819		60,266			159,364
Rent	154,585		22,106		4,477		3,272		895			185,335
Depreciation and amortization	40,770		4,065		1,641		4,724		8,754			59,954
Total operating expenses	942,119		107,443		38,975		46,505		69,915			1,204,957
Operating income	137,700		8,801		2,366		12,324		(69,915		)	91,276
Other income (expense):
Interest	—		—		—		—		(20,509		)	(20,509		)
Other, net	—		—		—		—		2,393			2,393
Income (loss) before income taxes	$	137,700	$	8,801	$	2,366	$	12,324	$	(88,031	)	$	73,160

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	For the Six Months Ended December 31, 2005
(Dollars in	Salons				Beauty		Hair Restoration		Unallocated
thousands)	North America		International		Schools		Centers		Corporate			Consolidated
Revenues:
Service	$	679,536	$	62,963	$	25,757	$	21,991	$	—		$	790,247
Product	305,926		25,033		2,472		28,429		—			361,860
Franchise royalties and fees	19,664		16,571		—		2,510		—			38,745
	1,005,126		104,567		28,229		52,930		—			1,190,852
Operating expenses:
Cost of service	392,664		33,701		9,768		12,664		—			448,797
Cost of product	158,346		15,450		1,901		8,698		—			184,395
Site operating expenses	89,612		4,417		3,660		2,139		—			99,828
General and administrative	52,881		20,666		3,692		11,162		56,841			145,242
Rent	141,658		19,673		2,943		2,914		693			167,881
Depreciation and amortization	37,207		3,799		1,143		4,531		6,475			53,155
Total operating expenses	872,368		97,706		23,107		42,108		64,009			1,099,298
Operating income	132,758		6,861		5,122		10,822		(64,009		)	91,554
Other income (expense):
Interest	—		—		—		—		(16,924		)	(16,924		)
Other, net	—		—		—		—		1,369			1,369
Income (loss) before income taxes	$	132,758	$	6,861	$	5,122	$	10,822	$	(79,564	)	$	75,999

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REGIS CORPORATION (NYSE:RGS)
RECONCILIATION OF GAAP EARNINGS PER SHARE TO NON-GAAP EARNINGS PER SHARE
Quarterly Period Ended December 31, 2006

The company’s press release announcing results of operations for the three month period ended December 31, 2006 includes references to the following “non-GAAP financial measure” as defined by Regulation G of the Securities and Exchange Commission:

— Diluted net earnings per share excluding tax benefit —

Reconciliation of the non-GAAP financial measure to their most directly comparable financial measures under GAAP for the three months ended December 31, 2006 is as follows (in thousands, except per share data):

Non-core operational charges (income) expense:
All items shown net of income taxes
Diluted net earnings per share, as reported	$	0.59
Tax benefit associated with retroactive reinstatement of the Work Opportunity and Welfare-to-Work Credits	(0.05		)
Non-GAAP earnings per diluted share	$	0.54
Shares	45,596

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