Regis
The 10-second takeaway
For the quarter ended Dec. 31 (Q2), Regis met expectations on revenues and crushed expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped slightly, and earnings per share contracted to a loss.
Gross margins improved, operating margins dropped, net margins contracted.
Revenue details
Regis reported revenue of $563.3 million. The seven analysts polled by S&P Capital IQ predicted revenue of $567.5 million. Sales were 1.9% lower than the prior-year quarter's $574.3 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.
EPS details
Non-GAAP EPS came in at $0.32. The nine earnings estimates compiled by S&P Capital IQ anticipated $0.23 per share on the same basis. GAAP EPS were -$1.01 for Q2 compared to $0.24 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Figures may be non-GAAP to maintain comparability with estimates.
Margin details
For the quarter, gross margin was 37.1%, 50 basis points better than the prior-year quarter. Operating margin was 3.0%, 100 basis points worse than the prior-year quarter. Net margin was -10.2%, 1,270 basis points worse than the prior-year quarter.
Looking ahead
Next quarter's average estimate for revenue is $576.9 million. On the bottom line, the average EPS estimate is $0.27.
Next year's average estimate for revenue is $2.30 billion. The average EPS estimate is $1.15.
Investor sentiment
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Regis is hold, with an average price target of $17.83.
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