Regis swings to 3Q profit, misses revenue expectations


Regis Corp. earned $2.4 million in its third-quarter that ended March 31, compared with a year-ago net loss of $1.4 million, Associated Press reports. Revenue for the three month period fell nearly 6 percent to $504.9 million from $535.9 million a year earlier.

However, the Wall Street Journal says the struggling Edina-based hair salon operator, whose brands include Supercuts and MasterCuts, fell short of analysts' estimates.

“My primary focus over the past six months has been to reverse the decline in service traffic Regis has been experiencing over the past several years,” said CEO Dan Hanrahan in a news release. “We have slowed the revenue decline in same-store sales and are generating sequential improvement in our service business.”

The Star Tribune notes Regis completed in April the planned sale of its Hair Club for Men and Women business to Tokyo-based firm for $163.5 million in cash.

Click here, to follow Regis' stock performance.

Next Up

Twitter - Mayflies St. Paul - Jay Xiong

It's mayfly season in Minnesota, and it's totally gross

But a mayfly hatch is actually a good thing, we swear!

Okciyapi (Help Each Other) 2

Walker reveals first sneak peek at new Sculpture Garden addition

Okciyapi (Help Each Other) comes from local artist Angela Two Stars.

GCS-2104-005_btmn-comBanner_display_1000x1000_2 copy (1)[5]

The summer of live music is here (finally!)

Grand Casino Hinckley offers big-name outdoor concert events.

Star Tribune

Star Tribune food critic Rick Nelson is moving to a new beat

A nationwide search has been launched to find a replacement for the award-winning food critic.

Atravius Weeks booking photo

Charges: Man shot ex-girlfriend multiple times outside day care in Lakeville

The suspect shot himself in the head after fatally shooting his ex, charges say.

Mohamed Ibrahim

Ibrahim, Olson named First-Team All-Big Ten by Phil Steele Publications

The Gophers had 10 total players selected to the All-Big Ten team.

Pixaba - vaccine covid shot

10 Minnesota counties have now hit 70% adult vaccination rate

The more transmissible Delta variant is adding urgency to the vaccination effort.


Two young men killed after car, dump truck collide

The collision happened in Barron County, western Wisconsin.

Brian O'Neill, Vikings-Saints

Matthew Coller: Should the Vikings have any offseason regrets?

Matthew Coller writes a weekly Vikings column for BMTN, with more of his work found at Purple Insider.


Land O'Lakes profits rebound in 3Q

Land O'Lakes Inc. posted net income of $18 million in the third-quarter, compared to a $30 million loss a year earlier, the Star Tribune reports. The Arden Hills-based co-op also reported a seven percent increase in sales.