Regis Corporation Reports Q1 2027 Earnings Decline Amid Traffic Challenges
Regis Corporation (RGS) reported its first-quarter fiscal 2027 results, characterized by a decline in key financial metrics. Consolidated revenue fell 7.8% to $54.3 million, while net income dropped significantly to $0.18 per diluted share compared to $0.49 in the prior year period. The company faced headwinds from lower royalty earnings and decreased revenue from company-owned salons. A primary driver of the downturn was a 3.1% decrease in consolidated system traffic, which management identified as a persistent challenge. While Supercuts saw a 2.0% increase in same-store sales due to higher ticket prices, this was offset by a 9.5% decline in guest traffic at company-owned locations and the closure of 34 franchise locations during the quarter.