Regis Corp Down 19.60% To $1.00 After Earnings Miss

Regis Corp (RGS) said before open Wednesday that it lost $0.1 per share in quarter four 2023.

On the revenue line, the company reported $55.7 million, missing estimates by $885 thousand.

In the same quarter a year ago, the company lost $0.066 per share on revenue of $66.1 million.

The stock is down 19.60% to $1.00 after the report.

The firm's higher revenue growth to earnings signals that the firm has not been able to reduce costs and has seen its profit margin decrease.

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 70, putting it in the top half of stocks. The firm set a 52-week low on March 17, 2023 at $0.78 and set a 52-week high on February 1, 2023 at $1.85.

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.