The 10-second takeaway
For the quarter ended March 31 (Q3), Regis missed estimates on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue dropped. Non-GAAP earnings per share contracted significantly. GAAP earnings per share grew.
Gross margins dropped, operating margins shrank, net margins expanded.
Regis recorded revenue of $504.9 million. The five analysts polled by S&P Capital IQ wanted to see revenue of $519.7 million on the same basis. GAAP reported sales were 12% lower than the prior-year quarter's $573.6 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.01. The six earnings estimates compiled by S&P Capital IQ forecast $0.14 per share. Non-GAAP EPS of $0.01 for Q3 were 97% lower than the prior-year quarter's $0.32 per share. (The prior-year quarter included $0.02 per share in earnings from discontinued operations.) GAAP EPS were $0.04 for Q3 against -$0.02 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 32.4%, 430 basis points worse than the prior-year quarter. Operating margin was 0.7%, 490 basis points worse than the prior-year quarter. Net margin was 0.5%, 70 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $515.8 million. On the bottom line, the average EPS estimate is $0.18.
Next year's average estimate for revenue is $2.05 billion. The average EPS estimate is $0.44.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Regis is hold, with an average price target of $17.33.
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