Regis Q3 EPS $(1.00) Beats $(1.28) Estimate, Sales $49.20M Miss $51.04M Estimate
Portfolio Pulse from Benzinga Newsdesk
Regis Corporation (NYSE:RGS) reported Q3 earnings with losses of $(1.00) per share, surpassing the expected $(1.28) but saw a 25% decrease from the previous year. Sales were $49.20M, missing the $51.04M forecast and marking an 11.79% decrease from last year.

May 01, 2024 | 10:02 am
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Regis Corporation reported better-than-expected Q3 losses but missed sales estimates, indicating mixed financial health.
The better-than-expected earnings per share (EPS) could be seen positively by investors, as it indicates the company is managing its losses better than anticipated. However, the miss on sales estimates and the year-over-year decrease in both earnings and sales could raise concerns about the company's growth trajectory and overall financial health. The mixed results make the short-term impact on the stock price uncertain, hence a neutral score.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100