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Regis Corp (RGS) SEC Filing 10-K Annual Report for the fiscal year ending Wednesday, June 30, 2021

Regis Corp

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CIK: 716643 Ticker: RGS

Exhibit No. 99
headerq4fy21a.jpg
REGIS® REPORTS FOURTH QUARTER AND FULL YEAR RESULTS, COMPLETION OF TRANSFORMATIONAL PHASE AND CONTINUED PROGRESS ON KEY FOUNDATIONAL INITIATIVES
Business Transformation To A Fully-Franchised Model Considered Complete; Refranchised, Negotiated Lease Buyouts, Or Closed At Lease Term 550 Company-Owned Salons During The Fourth Quarter And 1,356 During The Fiscal Year
Nominal Sales Continue To Improve; Q4 2021 System-Wide Same-Store Sales Up 4.2% Compared To Q4 2020
Corporate Re-Organization And Zero-Based Budgeting Process Finalized, Resulting In A Right-Sized G&A Structure To Support Regis As A Franchisor
Continued Rollout Of Proprietary Technology Platform Opensalon® Pro; Over 2,100 Salons, Representing 37% Of U.S. Franchise Salons, Are Now Running Or Have Signed Contracts To Install

Three Months Ended June 30,Twelve Months Ended June 30,
(Dollars in thousands)2021202020212020
Consolidated revenue$99,130 $60,143 $415,113 $669,729 
System-wide revenue (1)$293,981 $119,417 $1,086,024 $1,367,567 
System-wide same-store sales comps4.2 %(20.2)%(25.8)%(4.4)%
Two-year system-wide same-store sales comps(21.0)%N/A(28.3)%N/A
Operating loss$(27,265)$(68,567)$(104,152)$(145,338)
Loss from continuing operations$(34,339)$(73,654)$(113,331)$(172,194)
Diluted loss per share from continuing operations$(0.95)$(2.05)$(3.15)$(4.79)
EBITDA (2)$(26,677)$(37,478)$(69,210)$(108,947)
   as a percent of revenue(26.9)%(62.3)%(16.7)%(16.3)%
As adjusted (2)
Net loss, as adjusted$(26,500)$(36,211)$(105,672)$(21,714)
Diluted loss per share, as adjusted$(0.74)$(1.01)$(2.94)$(0.60)
EBITDA, as adjusted (2)$(23,246)$(33,845)$(79,225)$19,512 
   as a percent of revenue(23.5)%(56.3)%(19.1)%2.9 %
_______________________________________________________________________________
(1)Represents total sales within the system.
(2)See GAAP to non-GAAP reconciliations, within the attached section titled "Non-GAAP Reconciliations."

The following information was filed by Regis Corp (RGS) on Thursday, August 26, 2021 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside Regis Corp's 10-K Annual Report:

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Cover Page
Consolidated Balance Sheet
Consolidated Balance Sheet (Parenthetical)
Consolidated Statement Of Cash Flows
Consolidated Statement Of Comprehensive Loss
Consolidated Statement Of Operations
Consolidated Statement Of Shareholders' Equity
Benefit Plans
Benefit Plans (Tables)
Benefit Plans - Deferred Compensation Contracts (Details)
Benefit Plans - Nonqualified Deferred Salary Plan (Details)
Benefit Plans - Regis Retirement Savings Plan (Details)
Benefit Plans - Schedule Of Projected Benefit Obligation (Details)
Benefit Plans - Stock Purchase Plan (Details)
Business Description And Summary Of Significant Accounting Policies
Business Description And Summary Of Significant Accounting Policies (Policies)
Business Description And Summary Of Significant Accounting Policies (Tables)
Business Description And Summary Of Significant Accounting Policies - Advertising, Interest Income And Other, Income Taxes And Foreign Currency Translation (Details)
Business Description And Summary Of Significant Accounting Policies - Business Description (Details)
Business Description And Summary Of Significant Accounting Policies - Cash, Cash Equivalents And Restricted Cash (Details)
Business Description And Summary Of Significant Accounting Policies - Goodwill (Details)
Business Description And Summary Of Significant Accounting Policies - Inventories (Details)
Business Description And Summary Of Significant Accounting Policies - Property And Equipment (Details)
Business Description And Summary Of Significant Accounting Policies - Receivables And Allowance For Doubtful Accounts (Details)
Business Description And Summary Of Significant Accounting Policies - Recent Accounting Standards (Details)
Business Description And Summary Of Significant Accounting Policies - Right Of Use Asset, Lease Liabilities And Rent Expense (Details)
Business Description And Summary Of Significant Accounting Policies - Salon Long-Lived Asset And Right Of Use Asset Impairment Assessments (Details)
Business Description And Summary Of Significant Accounting Policies - Self-Insurance Accruals And Distribution Costs (Details)
Business Description And Summary Of Significant Accounting Policies - Variable Interest Entities (Details)
Commitments And Contingencies
Commitments And Contingencies (Details)
Earnings Per Share
Earnings Per Share (Details)
Earnings Per Share (Tables)
Fair Value Measurements
Fair Value Measurements (Tables)
Fair Value Measurements - Additional Information (Details)
Fair Value Measurements - Schedule Of Impairments (Details)
Financing Arrangements
Financing Arrangements (Tables)
Financing Arrangements - Revolving Credit Facility (Details)
Financing Arrangements - Sale And Leaseback Transactions (Details)
Financing Arrangements - Schedule Of Long-Term Debt (Details)
Financing Arrangements - Schedule Of Sale And Leaseback Transactions (Details)
Goodwill
Goodwill (Tables)
Goodwill - Additional Schedule Of Goodwill (Details)
Goodwill - Schedule Of Goodwill (Details)
Income Taxes
Income Taxes (Tables)
Income Taxes - (Benefit) Provision For Income Taxes (Details)
Income Taxes - Additional Information (Details)
Income Taxes - Components Of Loss Before Income Taxes (Details)
Income Taxes - Components Of Net Deferred Tax Assets And Liabilities (Details)
Income Taxes - Effective Income Tax Rate Reconciliation (Details)
Income Taxes - Rollforward Of Unrecognized Tax Benefits (Details)
Leases
Leases (Tables)
Leases - Future Operating Commitments To Be Paid And Received (Details)
Leases - Narrative (Details)
Leases - Rent Expense (Details)
Other Financial Statement Data
Other Financial Statement Data (Tables)
Other Financial Statement Data - Additional Information (Details)
Other Financial Statement Data - Schedule Of Additional Information Concerning Other Intangibles, Net (Details)
Other Financial Statement Data - Schedule Of Additional Information Concerning Selected Balance Sheet Accounts (Details)
Other Financial Statement Data - Schedule Of Intangible Asset Amortization Expenses (Details)
Other Financial Statement Data - Supplementary Cash Flow Activity (Details)
Revenue Recognition
Revenue Recognition (Tables)
Revenue Recognition - Additional Information (Details)
Revenue Recognition - Allowance For Doubtful Accounts (Details)
Revenue Recognition - Broker Fee Balance (Details)
Revenue Recognition - Disaggregation Of Revenue By Timing (Details)
Revenue Recognition - Future Estimated Expected Revenue (Details)
Revenue Recognition - Receivables, Broker Fees And Deferred Revenue (Details)
Segment Information
Segment Information (Tables)
Segment Information - Additional Information (Details)
Segment Information - Financial Information By Reportable Operating Segment (Details)
Segment Information - Schedule Of Revenues And Property And Equipment (Details)
Shareholders' Equity
Shareholders' Equity (Tables)
Shareholders' Equity - Additional Information (Details)
Shareholders' Equity - Components Of Accumulated Other Comprehensive Income (Details)
Stock-Based Compensation
Stock-Based Compensation (Tables)
Stock-Based Compensation - Activity Of Rsus And Psus (Details)
Stock-Based Compensation - Additional Information (Details)
Stock-Based Compensation - Schedule Of Assumptions, Estimated Fair Value Of Sars, Rsus And Psus (Details)
Stock-Based Compensation - Schedule Of Stock-Based Compensation Expense (Details)
Stock-Based Compensation - Schedule Of Weighted Average Fair Values (Details)
Stock-Based Compensation - Stock Appreciation Rights??&Amp; Stock Options (Details)
Tbg Discontinued Operations And Restructuring
Tbg Discontinued Operations And Restructuring (Tables)
Tbg Discontinued Operations And Restructuring - Additional Information (Details)
Tbg Discontinued Operations And Restructuring - Schedule Of Discontinued Operations (Details)
Ticker: RGS
CIK: 716643
Form Type: 10-K Annual Report
Accession Number: 0000716643-21-000055
Submitted to the SEC: Thu Aug 26 2021 6:11:55 AM EST
Accepted by the SEC: Thu Aug 26 2021
Period: Wednesday, June 30, 2021
Industry: Personal Services

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