Q1 2026 Regis Corp Earnings Call Transcript
Key Points
- Consolidated same-store sales increased by 0.9%, driven by pricing actions and improved salon execution.
- Adjusted EBITDA for the first fiscal quarter was $8 million, up from $7.6 million a year ago, reflecting improved revenue from company-owned salons and cost management.
- Positive operating cash flow of $2.3 million was generated, marking the fourth consecutive quarter of positive cash from operations.
- Supercuts' same-store sales rose by 2.5%, with loyalty program participation increasing from 36% to 40%.
- The company-owned salon segment showed month-over-month gains in traffic and same-store sales, with adjusted EBITDA of $1.6 million.
- A net decrease of 757 franchise locations was reported compared to the previous year, with 300 locations converting to company-owned.
- Franchise adjusted EBITDA decreased by $1.6 million due to lower royalties and fees.
- The company faces challenges in aligning all franchisees with new brand standards and digital integration.
- Outstanding debt remains high at $124.8 million, with refinancing not economically viable in the near term.
- The company-owned salon segment's profitability is still stabilizing, with ongoing efforts needed to improve stylist productivity and retention.
Thank you for joining the quarterly Regis earnings call. We will begin shortly.
Good morning and thank you for joining the Regis first quarter 2026 earnings conference call. I am your host, Kersten Zupfer, Executive Vice President and Chief Financial Officer. I am joined today by our Interim Chief Executive Officer, Jim Lain. (Operator Instructions) This conference is being recorded. (Operator Instructions) I would like to remind everyone that the language on forward-looking statements included in our earnings release and 8-K filing also applies to our comments made on the call today.
These documents can be found on our website, www.regiscorp.com/investor-relations. With that, I will now turn the call over to Jim Lain.
Good morning, everyone
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