Regis cuts 290 jobs as part of transition to franchise model [MarketWatch]
Regis Corporation (RGS)
Last regis corporation earnings: 2/3 05:27 pm
Check Earnings Report
US:NYSE Investor Relations:
regiscorp.com/investor/default.asp
Company Research
Source: MarketWatch
Regis cuts 290 jobs as part of transition to franchise model Hair salon operator Regis Corp. RGS, +1.76% said it cut 290 jobs across the U.S. and Canada as part of a restructuring aimed at cutting costs as it transitions to a fully franchised business model. The job cuts, which are in administrative positions that supported company owned and operated stores, is expected to lower expenses by about $18.7 million a year. Regis had 20,000 employees as of June 2019, 17,000 of which were in the U.S. "We are pleased that we are at a point in our transformation where we can continue efforts underway to re-engineer our cost structure," said Chief Executive Hugh Sawyer. "Although this phase of our transformation is certainly difficult, it is necessary in order to properly allocate capital and human resources to support investments in our rapidly growing franchise business." The stock, which was still inactive in the premarket, has declined 11.6% over the past 12 months while the S&P 500 SPX
Show less
Read more
Impact Snapshot
Event Time:
RGS
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
RGS alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
RGS alerts
High impacting Regis Corporation news events
Weekly update
A roundup of the hottest topics
RGS
News
- Regis Co. (NYSE: RGS) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- Regis Corp (RGS) Q1 2025 Earnings Call Highlights: Navigating Challenges with Strategic Initiatives [Yahoo! Finance]Yahoo! Finance
- Regis Corporation (RGS) Q1 2025 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
- Regis Corporation Reports Continued Profitability for the First Fiscal Quarter 2025Business Wire
- Regis to Issue First Quarter Fiscal 2025 Results on November 6, 2024Business Wire
RGS
Earnings
- 1/31/24 - Beat
RGS
Sec Filings
- 11/19/24 - Form 4/A
- 11/19/24 - Form 4/A
- 11/14/24 - Form SC
- RGS's page on the SEC website