Regis Corp Q1 FY25 10-Q Filed

TL;DR

Regis Corp 10-Q filed: Q1 FY25 results show revenue streams from royalties, fees, and franchisee product sales.

AI Summary

Regis Corporation filed its 10-Q for the period ending September 30, 2024. The company reported revenue from various segments including royalties, fees, and product sales to franchisees. Specific financial details for the first quarter of fiscal year 2025 are presented, comparing them to the same period in the prior year.

Why It Matters

This filing provides investors with the latest financial performance data for Regis Corporation, a key indicator of the company's operational health and market position in the personal services sector.

Risk Assessment

Risk Level: medium — The filing details financial performance which can be volatile in the retail and personal services sector, subject to economic conditions and consumer spending.

Key Numbers

• Q1 0.05 — Fiscal Year End (Indicates the fiscal year end is June 30th, with Q1 data presented.)
• 2024-07-01 to 2024-09-30 — Reporting Period (First quarter of fiscal year 2025.)
• 2023-07-01 to 2023-09-30 — Prior Year Period (First quarter of fiscal year 2024 for comparison.)

Key Players & Entities

• REGIS CORP (company) — Filer of the 10-Q
• 20240930 (date) — End of the reporting period
• 20241106 (date) — Date of filing
• 0000716643 (company) — Central Index Key for REGIS CORP
• 7200 (dollar_amount) — Standard Industrial Classification for Personal Services

FAQ

Key Financial Figures

• $0.05 — ange on which registered Common Stock, $0.05 par value RGS The Nasdaq Global Market

Filing Documents

• rgs-20240930.htm (10-Q) — 843KB
• rgs-20240930xex311.htm (EX-31.1) — 10KB
• rgs-20240930xex312.htm (EX-31.2) — 10KB
• rgs-20240930xex32.htm (EX-32) — 6KB
• 0000716643-24-000032.txt ( ) — 5586KB
• rgs-20240930.xsd (EX-101.SCH) — 43KB
• rgs-20240930_cal.xml (EX-101.CAL) — 82KB
• rgs-20240930_def.xml (EX-101.DEF) — 190KB
• rgs-20240930_lab.xml (EX-101.LAB) — 526KB
• rgs-20240930_pre.xml (EX-101.PRE) — 354KB
• rgs-20240930_htm.xml (XML) — 743KB

Financial Statements (Unaudited)

Financial Statements (Unaudited): Condensed Consolidated Balance Sheets as of September 30, 2024, and June 30, 2024 3 Condensed Consolidated Statements of Operations for the Three Months Ended September 30, 2024, and 2023 4 Condensed Consolidated Statements of Comprehensive (Loss) Income for the Three Months Ended September 30, 2024, and 2023 5 Condensed Consolidated Statements of Shareholders' Equity (Deficit) for the Three Months Ended September 30, 2024, and 2023 6 Condensed Consolidated Statements of Cash Flows for the Three Months Ended September 30, 2024, and 2023 7 Notes to Condensed Consolidated Financial Statements 8 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 22 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 32 Item 4.

Controls and Procedures

Controls and Procedures 32 Part II. Other Information 33 Item 1.

Legal Proceedings

Legal Proceedings 33 Item 1A.

Risk Factors

Risk Factors 33 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 34 Item 5. Other Information 34 Item 6. Exhibits 35

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION

Financial Statements (Unaudited)

Item 1. Financial Statements (Unaudited) REGIS CORPORATION CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) As of September 30, 2024, and June 30, 2024 (Dollars in thousands, except per share data) September 30, 2024 June 30, 2024 ASSETS Current assets: Cash and cash equivalents (Note 7) $ 6,259 $ 10,066 Receivables, net 9,082 9,434 Other current assets 20,085 22,550 Total current assets 35,426 42,050 Property and equipment, net 3,342 3,664 Goodwill (Note 1) 173,386 173,146 Other intangibles, net 2,377 2,427 Right of use asset (Note 8) 273,970 287,912 Other assets 20,430 21,297 Total assets $ 508,931 $ 530,496 LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Accounts payable $ 15,181 $ 12,747 Accrued expenses 18,615 21,644 Short-term lease liability (Note 8) 67,161 69,127 Total current liabilities 100,957 103,518 Long-term debt, net (Note 9) 95,176 99,545 Long-term lease liability (Note 8) 218,105 230,607 Other non-current liabilities 38,295 40,039 Total liabilities 452,533 473,709 Commitments and contingencies (Note 6) Shareholders' equity: Common stock, $ 0.05 par value; issued and outstanding, 2,282,395 and 2,279,948 common shares at September 30, 2024, and June 30, 2024, respectively 114 114 Additional paid-in capital 69,972 69,660 Accumulated other comprehensive income 8,736 8,584 Accumulated deficit ( 22,424 ) ( 21,571 ) Total shareholders' equity 56,398 56,787 Total liabilities and shareholders' equity $ 508,931 $ 530,496 _______________________________________________________________________________ The accompanying notes are an integral part of the unaudited Condensed Consolidated Financial Statements. 3 REGIS CORPORATION CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) For the Three Months Ended September 30, 2024, and 2023 (Dollars and shares in thousands, except per share amounts) Three Months Ended September 30, 2024 2023 Revenues: Royalties $ 15,646 $ 16,528 Fees 2,

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