Regis Posts Huge Loss In Q2; Results Miss View - Quick Facts

(RTTNews) - Regis Corp.'s (RGS) second-quarter net loss widened significantly to $109.98 million, or $1.95 per share, from a $12.27 million, or $0.22 per share loss, last year. For the recent quarter, non-GAAP net loss came in at $2.43 million, or $0.043 per share. On average, 5 analysts polled by Thomson Reuters expected earnings per share of $0.01 for the quarter. Analysts' estimates typically exclude one-time items.

Quarterly sales of $468.4 million were down 7.5% from the prior-year figure of $506.2 million, and same-store sales fell by 6.2%. Analysts estimated revenues of $478.81 million for the quarter. Same-store service and product sales declined 5.5% and 9.2%, respectively.

According to the company, the current and the year-ago quarters include net discrete after-tax expense of $107.5 million and $14.0 million, respectively.