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Regis (RGS)

Regis Corporation is a leader in beauty salons and cosmetology education. As of December 31, 2020, the Company franchised, owned or held ownership interests in 6,384 worldwide locations. Regis' franchised and corporate locations operate under concepts such as Supercuts®, SmartStyle®, Cost Cutters®, Roosters® and First Choice Haircutters®. Regis maintains an ownership interest in Empire Education Group in the U.S.

Company profile

Ticker
RGS
Exchange
CEO
Hugh Sawyer
Employees
Incorporated
Location
Fiscal year end
Former names
REGIS CORPORATION
SEC CIK
Subsidiaries
The Barbers, Hairstyling for Men & Women, Inc. • Roosters MGC International LLC • Supercuts, Inc. • Supercuts Corporate Shops, Inc. • RPC Acquisition Corp. • RPC Corporate Shops, Inc. • Regis Insurance Group, Inc. • Regis, LLC • First Choice Haircutters International, LLC • Cutco Acquisition Corp. ...
IRS number
410749934

RGS stock data

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

10 May 22
16 Aug 22
30 Jun 23
Quarter (USD) Mar 22 Dec 21 Sep 21 Jun 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Jun 21 Jun 20 Jun 19 Jun 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 33.7M 33.7M 33.7M 33.7M 33.7M 33.7M
Cash burn (monthly) 3.89M 555.92K 9.73M 6M 3.34M 4.52M
Cash used (since last report) 17.66M 2.52M 44.16M 27.23M 15.17M 20.51M
Cash remaining 16.04M 31.17M -10.47M 6.47M 18.53M 13.18M
Runway (months of cash) 4.1 56.1 -1.1 1.1 5.5 2.9

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
16 Jun 22 James Raymon Suarez Common Stock Payment of exercise Dispose F No No 0.59 61 35.99 76,307
5 May 22 Matthew Doctor Stock Options Common Stock Grant Acquire A No No 1.26 875,000 1.1M 875,000
14 Feb 22 Andra Jean Terrell Stock Options Common Stock Grant Acquire A No No 1.68 62,500 105K 62,500
14 Feb 22 Andra Jean Terrell Stock Appreciation Rights Common Stock Grant Acquire A No No 1.68 62,500 105K 62,500
8 Feb 22 Kersten Delores Zupfer Common Stock Payment of exercise Dispose F No No 1.65 2,264 3.74K 193,367
49.9% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 84 102 -17.6%
Opened positions 9 35 -74.3%
Closed positions 27 40 -32.5%
Increased positions 24 32 -25.0%
Reduced positions 33 24 +37.5%
13F shares Current Prev Q Change
Total value 219.91M 221.9M -0.9%
Total shares 22.7M 25.58M -11.2%
Total puts 307K 802.3K -61.7%
Total calls 452.9K 322.8K +40.3%
Total put/call ratio 0.7 2.5 -72.7%
Largest owners Shares Value Change
Torch BRC 3.96M $10.78M 0.0%
AMP Ameriprise Financial 2.9M $6.11M +9.4%
BLK Blackrock 2.26M $4.79M -1.2%
Vanguard 1.49M $3.15M -15.1%
Charles Schwab Investment Management 1.46M $3.1M +51.4%
Royce & Associates 1.35M $2.86M +32.5%
Azarias Capital Management 1.3M $2.76M +9.5%
Brandywine Global Investment Management 762.71K $1.62M 0.0%
First Eagle Investment Management 704.24K $1.49M +75.1%
STT State Street 694.48K $1.47M +4.3%
Largest transactions Shares Bought/sold Change
Luminus Management 0 -1.98M EXIT
Charles Schwab Investment Management 1.46M +496.62K +51.4%
IVZ Invesco 550.5K +438.71K +392.4%
First Manhattan 400K +400K NEW
Royce & Associates 1.35M +330.29K +32.5%
Assenagon Asset Management 0 -322.37K EXIT
Millennium Management 37.35K -320.6K -89.6%
First Eagle Investment Management 704.24K +302.13K +75.1%
Vanguard 1.49M -264.17K -15.1%
NMR Nomura 0 -261.86K EXIT

Financial report summary

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Risks
  • We are moving away from our wholesale distribution model to third-party preferred supplier arrangements.
  • Our ability to franchise our company-owned SmartStyle salons and successfully operate this business is dependent on our relationship with Walmart.
  • Our ability to use our U.S. net operating loss carryforwards to offset future taxable income may be subject to certain limitations.
Management Discussion
  • As an asset-light franchise platform, our results are impacted by our system-wide sales, which include sales by all points of distribution, whether owned by our franchisees or the Company. While we do not record sales by franchisees as revenue, and such sales are not included in our unaudited Condensed Consolidated Financial Statements, we believe that this operating measure is important in obtaining an understanding of our financial performance. We believe system-wide sales information aids in understanding how we derive royalty revenue and in evaluating performance.
  • (1)Fiscal year 2022 system-wide same-store sales are calculated as the total change in sales for system-wide franchise and company-owned locations that were open on a specific day of the week during the current period and the corresponding prior period. Fiscal year 2021 system-wide same-store sales are calculated as the total change in sales for system-wide franchise and company-owned locations open for more than one year that were open on a specific day of the week during the current period and the corresponding prior period. Quarterly and year-to-date system-wide same-store sales are the sum of the system-wide same-store sales computed on a daily basis. Franchise salons that do not report daily sales are excluded from same-store sales. System-wide same-store sales are calculated in local currencies to remove foreign currency fluctuations from the calculation.

Content analysis

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