Regis Corp Down 13.99% To $11.87 After Earnings

Regis Corp (RGS) said before open Wednesday that it broke even in quarter two 2024.

In the same quarter a year ago, the company lost $1.2 per share on revenue of $60 million.

The stock is down 13.99% to $11.87 after the report.

Regis Corp's profit margins maintained as both earnings and revenue declined at the same pace.

The average recommendation from Wall Street analysts was a Strong Buy which may get revised based on this new data.

InvestorsObserver gives the stock a Bullish Sentiment score at the moment based on recent trading.

Regis Corp has performed a little above average during the past few months. Before the report, Regis Corp received a Long-Term Technical Rank by InvestorsObserver of 71, putting it in the top half of stocks. The firm was recently trading at a 52-week low of $5.7 on December 20, 2023 and set a 52-week high on February 1, 2023 at $37.

Regis Corp owns, franchises, and operates beauty salons throughout North America and the United Kingdom. The company's locations provide salon products and services to the mass market, including haircutting, styling, and hair coloring. The vast majority of Regis' salons are in strip malls, shopping centers, and Wal-Mart stores in North America and serve price-conscious customers. The company derives most of its revenue from these locations. The sale of products also contributes a relatively significant percentage of total sales. Regis also operates a smaller portfolio of premium salons across North America and the U.K. The company's major brands include SmartStyle, Cost Cutters, and Supercuts.