-Domestic Same-Store Sales Increased 1.0 Percent For The Month -
MINNEAPOLIS, MN, October 5, 2001 - Regis Corporation (NASDAQ:RGIS) announced today that consolidated revenues increased 10 percent in the month of September 2001 to $110 million.
In addition, same-store sales at its domestic salons open at least one year increased 1.0 percent and 3.2 percent for the month and quarter ended September 30, 2001, respectively.
Divisional same-store sales were as follows:
|
|
|
|
|
|
|
|
|
Monthly |
|
Current Year |
|
Prior Year |
|
Same-Store Sales |
|
Same-Store Sales |
|
Service |
Retail |
Total |
|
Service |
Retail |
Total |
Regis Salons |
-0.7% |
1.3% |
-0.4% |
|
1.7% |
2.6% |
1.8% |
MasterCuts |
0.7 |
9.1 |
2.6 |
|
3.9 |
11.8 |
5.6 |
Trade Secret |
-4.3 |
-0.9 |
-1.3 |
|
1.7 |
10.7 |
9.4 |
Strip Centers |
-0.4 |
4.4 |
0.2 |
|
3.0 |
11.0 |
4.0 |
SmartStyle |
5.7 |
14.9 |
8.8 |
|
5.4 |
11.4 |
7.3 |
|
|
|
|
|
|
|
|
Total |
0.1% |
3.1% |
1.0% |
|
2.7% |
8.9% |
4.5% |
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|
|
|
|
|
|
|
|
Quarterly |
|
Current Year |
|
Prior Year |
|
Same-Store Sales |
|
Same-Store Sales |
|
Service |
Retail |
Total |
|
Service |
Retail |
Total |
Regis Salons |
1.0% |
4.8% |
1.7% |
|
2.2% |
3.8% |
2.5% |
MasterCuts |
2.1 |
9.8 |
3.9 |
|
4.4 |
13.9 |
6.5 |
Trade Secret |
-3.0 |
3.9 |
3.0 |
|
3.4 |
9.7 |
8.9 |
Strip Centers |
1.0 |
9.5 |
2.0 |
|
3.1 |
13.6 |
4.4 |
SmartStyle |
6.8 |
16.1 |
10.0 |
|
6.3 |
13.6 |
8.6 |
|
|
|
|
|
|
|
|
Total |
1.6% |
6.7% |
3.2% |
|
3.2% |
9.4% |
5.0% |
"Overall sales for our September quarter met plan, although sales in the month of September fell short of expectations due to the tragic events of September 11th," stated Paul D. Finkelstein, President and CEO of Regis Corporation. "Due to the replenishment nature of our business, we saw sales rebound in the later half of the month as we posted same-store gains during this period in the range of three-to-four percent."
Regis Corporation, based in Minneapolis, is the largest owner, operator, franchisor and acquirer of hair and retail product salons in the world. Regis operates and franchises over 7,200 salons in six divisions: Regis Salons, Strip Center Salons (primarily Supercuts and Cost Cutters), MasterCuts, Trade Secret, SmartStyle Family Hair Salons, and International, and has 41,000 employees worldwide.
Contact:
Regis Corporation
Paul D. Finkelstein – President, CEO
Randy L. Pearce – Executive Vice President, CFO
Kyle P. Didier – Vice President, Finance
(952) 947-7000
Morgen-Walke Associates:
Investors: Theresa Vogt
Contact: Laura Novak
(212) 850-5600