Regis Corporation has re-acquired from The Beautiful Group approximately 200 mall-based hair salons operating primarily under the Regis and Mastercuts brands, the company announced. The Mastercuts brand and other ancillary brands also were transferred back to Regis, and Regis terminated its remaining agreements with TBG, including its license of the Regis brand to TBG, the company said in a statement. The transferred salons are locations where Regis (NYSE: RGS).has continuing obligations under real estate leases.

Regis Corp. said Thursday it is eliminating 290 positions, mostly in administration and support roles, as it turns away from owning its own locations in favor of a franchising model.

Regis, the owner of Supercuts and other hair salon chains, is on the rebound as Georgia and a growing number of other states lift coronavirus business restrictions.

Regis Corp., which has been working to unload most of its salons to franchisees and other owners, said this week that it will reacquire roughly 200 mall-based locations that it had sold in 2017 to Los Angeles-based The Beautiful Group. Hundreds more locations still owned by TBG are expected to shut down altogether, Regis said.

Q2 2020 Regis Corp Earnings Call

Salon operator Regis Corp. said Tuesday it has closed all of its company-owned stores for at least two weeks and would furlough a "substantial majority" of its workforce while cutting pay for those that remained as it attempts to weather the slowdown brought on by the novel coronavirus.

Regis Corporation (NYSE: RGS), a leader in the haircare industry, whose primary business is franchising, owning, and operating technology enabled hair salons, today announced it has, over the last few weeks, taken various actions to mitigate the effect on its customers, franchisees, and corporate business operations from the national emergency that has arisen as a result of the COVID-19 virus.

Regis Corp. continues to cut back on its business holdings, announcing on Monday it has agreed to sell its majority stake in Empire Education Group, a chain of cosmetology schools.

RGS vs. TSCO: Which Stock Is the Better Value Option?

Regis (RGS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Shares of beauty salon owner and operator Regis Corp. soared 9.3% toward a 7-week high in morning trading Monday, as some states have announced the reopening of salons, after having closed them a result of the COVID-19 pandemic. Georgia and Oklahoma have allowed hair salons to reopen as of Friday, and others are set to have them reopened as early as this week. Regis' salon brands include Supercuts, SmartStyle Hair Salon and Cost Cutters, among others. The stock has now lost 40% over the past three months, while the S&P 500 has declined 12%.

Shares of Supercuts and SmartStyle Hair Salon parent Regis Corp. soared Monday, as plans for the phased reopening of the economy have already included hair salons in two states, with other states expected to allow them to resume grooming this week.

Regis (RGS) delivered earnings and revenue surprises of 256.25% and 7.95%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?

Regis Corporation (NYSE: RGS), a leader in the haircare industry, whose primary business is franchising, owning, and operating technology enabled hair salons, announced today that it successfully amended its $295 million revolving credit facility that expires in March 2023. The amendment, among other things, removes all prior financial covenants, including the net leverage ratio and fixed charge coverage ratio, and adds a minimum liquidity covenant. In addition, the amendment provides the Company’s lenders security in the Company’s assets.

Regis (RGS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

If you own shares in Regis Corporation (NYSE:RGS) then it's worth thinking about how it contributes to the volatility...

Regis Corporation (NYSE: RGS), a leader in the haircare industry, whose primary business is franchising, owning, and operating technology enabled hair salons, today announced it has taken additional actions to mitigate the effect of the COVID-19 national emergency on its business operations.

Hair salon operator Regis Corp. said Tuesday it has temporarily closed all of its company-owned sales for at least two weeks, citing continuing uncertainties around the COVID-19 pandemic. The company, which salon brands include Supercuts, Cost Cutters and SmartStyle, also said it was furloughing a "substantial majority" of its workforce, representing about 485 employees across its corporate office, field support and distribution centers, starting on April 5 and lasting at least 30 days. Regis said it will pay a portion of benefits premiums during thie period. In addition, the company said it was cutting the chief executive's wage by 60%, and wages of vice presidents and above by 30% and the wages of all other employees who will be working full time by 20%. "Given the still uncertain duration and severity associated with the COVID-19 pandemic we have taken additional, aggressive steps to preserve the financial integrity of our company and to protect the safety of our employees and customers," said CEO Hugh Sawyer. The stock, which was still inactive in premarket trading, has lost 64.6% over the past three months, while the S&P 500 has declined 18.7%.