8-K

UNITED STATES

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): April  8, 2010

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) 947-7777

(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:

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

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

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

oPre-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 April 8, 2010, Regis Corporation announced its consolidated revenues and same-store sales for its fiscal third quarter ended March 31, 2010.  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.

(d) Exhibits.

EXHIBIT NUMBER
99	Regis Corporation News Release dated April 8, 2010

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: April 8, 2010		By:	/s/ Eric Bakken
			Name: Eric Bakken, Title: Secretary

EXHIBIT INDEX

EXHIBIT NUMBER
99	Regis Corporation News Release dated April 8, 2010

3

EX-99

Exhibit 99

CONTACT:       REGIS CORPORATION:

Mark Fosland — Vice President, Finance

952-806-1707

Alex Forliti — Director, Finance-Investor Relations

952-806-1767

For Immediate Release

REGIS REPORTS THIRD QUARTER REVENUES OF $588 MILLION

-Third Quarter Total Same-Store Sales Decreased 1.8 Percent-

MINNEAPOLIS, April 8, 2010 — Regis Corporation (NYSE:RGS), the global leader in the $150 billion to $170 billion hair care industry, today reported consolidated revenues decreased 2.7 percent in the third fiscal quarter of 2010 to $588 million, compared to $604 million a year ago. Third quarter total same-store sales decreased 1.8 percent.

Last year, in the third fiscal quarter of 2009, the Company completed the sale of its Trade Secret retail product division to Premier Salons Beauty, Inc. (Premier).  As part of the sale agreement, the Company agreed to provide certain transitional administrative and other support services to Premier, including the supply of certain retail products.  As a result, reported third quarter 2009 North American product revenues included $13 million of sales to Premier at Regis’ cost.  Absent these sales, third quarter 2010 total revenues declined 0.7 percent.

“As we had expected, we are gradually beginning to see improvement in our same-store sales results,” commented Paul D. Finkelstein, Chairman and Chief Executive Officer.  “The month of March was our best month in a long-time with flat North American same-store sales.  The earlier Easter did not impact our March results, as we report same-store sales on a calendar basis.  In the quarter, we experienced thirty-nine days with positive comps, including sixteen days in March, more than three times the number of positive days in the preceding second quarter.  We also had seven poor days in January which accounted for half of the quarterly same-store sales decline.  Our value concepts continued to outperform our higher price point Regis division and we were very pleased with our retail product business.”

Third Quarter Revenues:

	For the Three Months Ended March 31, 2010
	Salons				Hair Restoration
(Dollars in thousands)	North America		International		Centers		Consolidated
Revenues:
Service	$	406,247	$	24,794	$	16,840	$	447,881
Product	101,688		10,665		17,635		129,988
Product sold to Premier	—		—		—		—
Royalties and fees	9,102		—		624		9,726
Total	$	517,037	$	35,459	$	35,099	$	587,595

	For the Three Months Ended March 31, 2009
	Salons				Hair Restoration
(Dollars in thousands)	North America		International		Centers		Consolidated
Revenues:
Service	$	412,226	$	24,858	$	16,217	$	453,301
Product	99,743		11,020		17,810		128,573
Product sold to Premier	12,596		—		—		12,596
Royalties and fees	8,990		—		626		9,616
Total	$	533,555	$	35,878	$	34,653	$	604,086

Third Quarter Same-Store Sales:

	2010						2009
For the Three Months Ended March 31,	Service		Retail		Total		Service		Retail		Total
Regis Salons	-5.6	%	-6.5	%	-5.8	%	-10.8	%	-15.3	%	-11.6	%
MasterCuts	-0.6		3.0		0.0		-1.4		-8.3		-2.6
Supercuts	0.6		6.3		1.2		-0.8		-5.7		-1.3
Promenade	-2.2		0.7		-1.9		-2.8		-9.0		-3.5
SmartStyle	-1.6		2.2		-0.4		0.7		-2.0		-0.2
Domestic Same-Store Sales	-2.3	%	0.5	%	-1.8	%	-3.7	%	-7.0	%	-4.3	%
International Same-Store Sales	-4.0	%	-6.3	%	-4.8	%	-8.5	%	-7.3	%	-8.1	%
Hair Restoration Same-Store Sales	1.7	%	1.2	%	1.4	%	-2.9	%	-2.9	%	-2.9	%
Consolidated Same-Store Sales	-2.2	%	0.0	%	-1.8	%	-3.9	%	-6.5	%	-4.5	%

International same-store sales for the quarter represent the 12-week period ended March 6, 2010 versus the 12-week period ended March 7, 2009.

Regis Corporation will announce third quarter 2010 earnings results on April 28, 2010. 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.

About Regis Corporation

Regis Corporation (NYSE:RGS) is the beauty industry’s global leader in beauty salons, hair restoration centers and cosmetology education. As of December 31, 2009, the Company owned, franchised or held ownership interests in 12,800 worldwide locations.  Regis’ corporate and franchised locations operate under concepts such as Supercuts, Sassoon Salon, Regis Salons, MasterCuts, SmartStyle, Cost Cutters, Cool Cuts 4 Kids and Hair Club for Men and Women.  In addition, Regis maintains an ownership interest in Provalliance, which operates salons primarily in Europe, under the brands of Jean Louis David, Franck Provost and Saint Algue.  Regis also maintains ownership interests in Empire Education Group in the U.S. and the MY Style concepts in Japan.  System-wide, these and other concepts are located in the U.S. and in over 30 other countries in North America, South America, Europe, Africa and Asia.  For additional information about the company, including a reconciliation of non-GAAP financial information and certain supplemental 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; price sensitivity; changes in economic conditions, and in particular, continued weakness in the U.S. and global economies; changes in consumer tastes and fashion trends; the ability of the Company to implement its planned spending and cost reduction plan and to continue to maintain compliance with the financial covenants in its credit agreements; 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 and financing for new salon development and to maintain satisfactory relationships with landlords and other licensors with respect to existing locations; governmental initiatives such as minimum wage rates, taxes and possible franchise legislation; the ability of the Company to successfully identify, acquire and integrate salons that support its growth objectives; the ability of the Company to maintain satisfactory relationships with suppliers; the ability of the Company to consummate the planned closure of salons and the related realization of the anticipated costs, benefits and time frame; or other factors not listed above. The ability of the Company to meet its expected revenue target is dependent on salon 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, 2009. 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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