Regis Corporation reported fiscal 2026 consolidated revenue of $224.5 million, increasing from $210.1 million in the prior year.
Operating income increased to $24.4 million from $19.9 million, while adjusted EBITDA increased to $32.8 million from $31.6 million.
Adjusted net income reached $7.8 million and adjusted diluted EPS was $2.70. The company generated $13.1 million in cash from operations during the year.
Full-year consolidated same-store sales increased 0.9%, while Supercuts same-store sales grew 3%.
For the fourth quarter, revenue declined to $56 million from $60.4 million, operating income was $6.6 million and adjusted EBITDA totaled $9.2 million.
Adjusted diluted EPS increased to $1.04 from $0.74.
Regis ended fiscal 2026 with $26 million in cash. Its borrowing arrangements included a $116.1 million term loan, $11.1 million of paid-in-kind interest and a $25 million revolving facility.
Management said reducing its cost of debt remains a priority and that the company is evaluating refinancing alternatives.
Regis franchised or owned 3,712 locations as of June 30, including salons operating under brands such as Supercuts, SmartStyle, Cost Cutters, Roosters and First Choice Haircutters.
KEY QUOTES:
“Fiscal 2026 marked a year of continued progress toward strengthening the foundation of our business. We delivered revenue of $224.5 million, operating income of $24.4 million, Adjusted EBITDA of $32.8 million, and generated more than $13 million in cash from operations while continuing to position the business for its next phase of growth. As we enter fiscal 2027, we are building on that stronger foundation to drive sustainable growth. Increasing traffic is key to unlocking our full potential, and continued focus on strengthening our brands and delivering an elevated guest experience at an affordable price will help us reach more guests, build loyalty, and drive repeat visits. We see significant opportunity ahead and are moving with discipline and urgency to capture it.”
Susan Lintonsmith, President and Chief Executive Officer of Regis Corporation
“Reducing our cost of debt remains a priority. We are actively evaluating a range of refinancing alternatives with potential partners and are advancing through the diligence processes required for each. Our process has the active oversight of our Board, including our recently appointed director, who is also a significant shareholder. We remain focused on achieving the best possible outcome and will pursue a transaction if the economics and terms represent a meaningful improvement over our existing agreement.”
Kersten Zupfer, Executive Vice President and Chief Financial Officer of Regis Corporation
