Regis Corp. Q4 Loss From Cont. Ops. Narrows - Quick Facts

(RTTNews) - Regis Corp. (RGS) reported that its fourth-quarter loss from continuing operations narrowed to $15.26 million or $0.27 per share, from a loss of $65.39 million or $1.14 per share, a year ago. Net income was $675 thousand or $0.01 per share, compared to a loss of $63.63 million or $1.11 per share, prior year. Adjusted net income per share was $0.06 for the quarter.

On average, five analysts polled by Thomson Reuters expected the company to report profit per share of $0.12 for the quarter. Analysts' estimates typically exclude special items.

Revenues decreased to $502.25 million, from $528.84 million last year. Same-store sales declined 3.1%. Service revenues were $390.0 million, a decrease of 5.3%, from the prior year quarter, mainly driven by declines in North American salon revenue. Product revenues were $102.0 million, a decrease of 4.9%. Analysts expected revenue of $513.19 million for the quarter.