By Roshan Fernandez
Shares of Regis gained after the company swung to a third-quarter profit and same-store sales rose at Supercuts.
The stock was up 16%, to $22.20, midday Tuesday, but has slipped 7.2% since the start of the year.
The Minneapolis hair-salon operator reported a fiscal third-quarter profit of $250,000, or 8 cents a share, compared with a loss of $2.3 million, or $1 a share, a year earlier.
Revenue rose to $57 million from $49.2 million during the year-ago quarter. Same-store sales at Supercuts locations were up 1.1% year over year.
Chief Executive Matthew Doctor said a shift in the timing of Easter this year adversely affected third-quarter same-store-sales comparisons, but same-store sales at Supercuts and consolidated sales were up 4.5% and 2.8%, respectively, to start the fourth fiscal quarter.
"The revitalization of the Supercuts brand is underway, with same-store-sales trends stabilizing over the past three quarters," Doctor said.
Total consolidated revenue in the latest quarter rose about 16% as a result of the acquisition of Alline salons in December 2024.
Doctor the company implemented pricing and compensation changes at Alline salons at the start of the third quarter which will contribute to near-term performance.
Write to Roshan Fernandez at roshan.fernandez@wsj.com
(END) Dow Jones Newswires
May 13, 2025 12:29 ET (16:29 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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