-Domestic Same-Store Sales Increased 3.8 Percent For The Month -
MINNEAPOLIS, MN, January 8, 2002 - Regis Corporation (NASDAQ:RGIS) announced today that consolidated revenues increased 10 percent in the month of December 2001 to $133 million.
In addition, same-store sales at its domestic salons open at least one year met expectations by increasing 3.8 percent and 2.9 percent for the month and quarter ended December 31, 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 |
-0.1% |
5.1% |
1.0% |
|
-2.6% |
1.4% |
-1.8% |
MasterCuts |
0.9 |
9.5 |
3.2 |
|
1.4 |
1.6 |
1.4 |
Trade Secret |
1.9 |
7.6 |
7.0 |
|
-5.2 |
0.6 |
0.0 |
Strip Centers |
0.8 |
10.3 |
2.0 |
|
-3.1 |
-3.5 |
-3.1 |
SmartStyle |
10.1 |
20.8 |
13.8 |
|
-0.3 |
4.8 |
1.4 |
|
|
|
|
|
|
|
|
Total |
1.3% |
8.8% |
3.8% |
|
-2.0% |
0.9% |
-1.0% |
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|
|
|
|
|
|
|
|
Quarterly |
|
Current Year |
|
Prior Year |
|
Same-Store Sales |
|
Same-Store Sales |
|
Service |
Retail |
Total |
|
Service |
Retail |
Total |
Regis Salons |
-0.6% |
2.5% |
-0.1% |
|
-0.3% |
1.9% |
0.1% |
MasterCuts |
1.1 |
5.2 |
2.1 |
|
2.8 |
6.1 |
3.6 |
Trade Secret |
0.7 |
4.6 |
4.1 |
|
-2.3 |
3.4 |
2.7 |
Strip Centers |
1.3 |
9.5 |
2.3 |
|
-0.1 |
2.1 |
0.1 |
SmartStyle |
9.5 |
21.7 |
13.6 |
|
1.9 |
7.6 |
3.8 |
|
|
|
|
|
|
|
|
Total |
1.2% |
6.6% |
2.9% |
|
0.4% |
3.6% |
1.4% |
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 7,300 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/Priya Akhoury
Contact: Laura Novak
(212) 850-5600