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Regis Posts 2Q Revenues of $575M

A 2% drop in latest report.

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By: Jamie Matusow

Editor-in-Chief

Regis Corporation reported consolidated revenues decreased 2% in the second fiscal quarter of 2010 to $575 million.

“In December 2008, we began to see a significant lengthening in consumers’ salon visitation patterns due to the economic recession,” commented Paul D. Finkelstein, company chairman and chief executive officer. “As a result, we thought customer visitations could begin to anniversary and stabilize this December. Our same-store sales results improved throughout December, however not quite to the level we had planned, especially in our higher price point Regis Salon concepts.

“While it’s difficult to predict when customer visitation patterns will completely anniversary and stabilize, we continue to believe same-store sales in the second half of our current fiscal year should improve over the first half of the year.”

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