The following is a summary of the Regis Corporation (RGS) Q3 2024 Earnings Call Transcript:

Financial Performance:

• Regis reported Q3 revenues of $49.2 million with an adjusted Q3 EBITDA at $5 million, marking progress in profitability.

• The decrease in revenue was caused due to reduction in franchise rental income, advertising fund revenue and transition away from company-owned salons.

• Operating income has improved by $11.1 million versus the prior year.

• The company maintained approximately $37 million in liquidity.

Business Progress:

• Regis has continued to improve their strategic plans aiming for long term growth with a focus on customer experience, targeted promotions, loyalty strategies, and stylist training.

• Transition to the Zenoti point-of-sale system by July is expected to increase digital engagement.

• Initiatives for better training of stylists were introduced to improve customer service and increase profit margin.

• The Supercuts Rewards loyalty program is moving from the testing phase to full rollout.

More details: Regis IR

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