$RGS (Regis Corp.)

$RGS {{ '2016-08-23T14:32:58+0000' | timeago}} • Webcast

$RGS said the company generated approx. $55MM of operating cash flow during FY16. The company finished the year with $147MM of cash, $120MM of total debt and no outstanding borrowings under its $200MM revolving credit facility.

$RGS {{ '2017-11-29T15:49:33+0000' | timeago}} • Announcement

Salon operator $RGS has appointed Amanda Rusin as SVP, General Counsel and Secretary, effective January 2018. She succeeds Eric Bakken who has been named President of the company’s Franchise unit. Rusin comes to Regis from Polaris Industries, where she serves as Assistant General Counsel. Earlier, she held Business and Legal positions at Cargill.

$RGS {{ '2017-08-01T15:17:48+0000' | timeago}} • Announcement

$RGS has appointed James Suarez as VP, Creative. In his new role, Suarez will be responsible for developing the technical educational direction for the Regis family of brands, as well as new trends and service offerings for the company. He will also oversee the Regis Artistic Team. Suarez was the Creative Director at Regis Corp. since 2015.

$RGS {{ '2017-07-24T12:49:05+0000' | timeago}} • Announcement

$RGS appointed Shawn Moren as SVP & Chief Human Resources Officer, effective August 7, 2017. Moren replaces Carmen Thiede, who left to pursue other opportunities.

$RGS {{ '2017-06-20T12:26:07+0000' | timeago}} • Announcement

$RGS' Board appointed Andrew Lacko as EVP and CFO, effective July 1, 2017. Upon commencement of Mr. Lacko's employment, he will receive an initial equity award of restricted stock units valued at $350,000. The restricted stock units will vest as to one-third of the shares on each of the first three anniversaries of the grant date.

$RGS {{ '2017-06-20T12:25:12+0000' | timeago}} • Announcement

$RGS' Board appointed Andrew Lacko as EVP and CFO, effective July 1, 2017. Lacko will replace Michael Pomeroy, who has served as Interim CFO since Feb. 1, 2017. Lacko currently serves as SVP, Global Financial Planning, Analysis and Corporate Development, of $HTZ.

$RGS {{ '2017-06-01T11:52:48+0000' | timeago}} • Announcement

$RGS said it is considering strategic alternatives for its mall-based salons. This constitutes one of the largest shopping mall-based personal services retailers in North America, with more than 900 retail locations employing over 7,500 stylists across the United States, Canada, and Puerto Rico.

$RGS {{ '2017-06-01T11:51:53+0000' | timeago}} • Announcement

$RGS said it is considering strategic alternatives for its mall-based salons. The company has retained Huron Transaction Advisory for financial advisory and investment banking services to assist in its review of strategic alternatives for the Business.

$RGS {{ '2017-05-08T17:52:35+0000' | timeago}} • Announcement

$RGS announced the appointment of Rachel Endrizzi to the role of Chief Marketing Officer, effective immediately. In this role, Ms. Endrizzi will report to the company's CEO and oversee the integrated marketing, brand management and communications strategy.

$RGS {{ '2017-04-28T19:33:35+0000' | timeago}} • Announcement

$RGS appointed Eric Bakken to the role of President of Franchise, effective immediately. In this role, Bakken will oversee development, support and operational performance of $RGS' franchise business. Bakken joined $RGS in 1994 and now serves as EVP, Chief Administrative Officer and General Counsel.

$RGS {{ '2017-04-17T13:50:45+0000' | timeago}} • Announcement

$RGS said its Board appointed Hugh Sawyer as President and CEO. $RGS will grant him initial equity awards of $5MM, 80% of which will be in form of stock-settled stock appreciation rights and 20% in the form of restricted stock units. Sawyer will not receive an additional equity grant when $RGS makes its FY18 annual grants in August 2017.

$RGS {{ '2017-04-17T13:48:21+0000' | timeago}} • Announcement

$RGS said that after successful completion of the CEO transition Dan Hanrahan has left the company and the Board has appointed Hugh Sawyer to replace Hanrahan as President and CEO. Sawyer was also appointed to the BoD, filling the vacancy created by Hanrahan. Sawyer was most recently a Managing Director of Huron Consulting Group.

$RGS {{ '2017-02-03T12:25:09+0000' | timeago}} • Announcement

$RGS reported 5.1% drop in its service revenue during 2Q17 compared to prior year quarter. Same-store service sales fell 2.8%, driven by a decline in same-store guest visits of 6.1%. During the quarter, product revenue fell 9% YoY to $89.4MM. Product same-store sales fell 6.7%, driven by a decrease in same-store transactions of 6.9%.

$RGS {{ '2017-02-03T12:20:39+0000' | timeago}} • Announcement

During 2Q17, $RGS same-store sales fell 3.6% versus prior year period. The Company estimates the shift of Christmas from Friday last year, to Sunday this year negatively impacted the same-store sales rate by 120 basis points in the quarter.

$RGS {{ '2017-02-03T12:18:23+0000' | timeago}} • Announcement

$RGS posted a narrower net loss during 2Q17. The company reported net loss of $2.2MM or $0.05 per share, compared with a loss of $13.9MM or $0.29 per share in 2Q16. Excluding items, $RGS earned $0.03 per share. Revenue for the quarter fell 5.9% YoY to $424MM.

$RGS {{ '2016-08-23T14:45:15+0000' | timeago}} • Webcast

Jill Nelson of Johnson Rice asks about the company's G&A expectations. CEO Dan Hanrahan replied that the way $RGS ended FY16 is pretty representative of what its annual run rate is. He added that the company's G&A was at about $177MM at the end of FY16, and that it's a good way to think about its ongoing G&A.

$RGS {{ '2016-08-23T14:32:58+0000' | timeago}} • Webcast

$RGS said the company generated approx. $55MM of operating cash flow during FY16. The company finished the year with $147MM of cash, $120MM of total debt and no outstanding borrowings under its $200MM revolving credit facility.

$RGS {{ '2016-08-23T14:29:46+0000' | timeago}} • Webcast

$RGS said income tax expense of $4.1MM in 4Q16 and $9.1MM for FY16 include non-cash tax expense of $4.5MM and $7.9MM respectively related to this matter. The company expects this issue to have a similar impact in FY17.

$RGS {{ '2016-08-23T14:15:38+0000' | timeago}} • Webcast

$RGS said the Easter shift from 4Q15 to 3Q16 has reduced 4Q16 same-store sales by approx. 40 BPs. The company's North American Value business represents approx. 80% of the total fleet and reported same-store sales of 1.3% for all of FY16. This represented 100 BP improvement over the prior year. In 4Q16, North American Value was down 40 BPs.

$RGS {{ '2016-08-23T11:54:27+0000' | timeago}} • Announcement

$RGS repurchased 0.3MM shares for $4MM at an average price of $13.65 per share in 4Q16, excluding transaction costs. For 2016, the company repurchased 7.6MM shares for $101MM at an average price of $13.19 per share, excluding transaction costs. At June 30, 2016, approx. $60MM remained outstanding under the existing share repurchase authorization.

$RGS {{ '2016-08-23T11:52:47+0000' | timeago}} • Announcement

$RGS reported positive earnings in 4Q16, helped by a $11MM increase in operating income compared to 4Q15. Net income was $5.6MM or $0.12 per diluted share compared to a net loss of $2.6MM or $0.05 loss per share last year. Sales of $447.7MM declined $15.2MM from the same period last year. Adjusted diluted EPS was $0.12 versus $0.01 in 4Q15.

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