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COPYRIGHT 2003 Adams Business Media
January 21, 2003
ESTIMATE CHANGES:
FY 2003: EPS-$1.91 increased from $1.89
COMPANY DESCRIPTION:
Regis Corporation. a Fortune 1000 company, is the largest owner operator: franchisor and acquirer of hair and retail product salons in the world. The company operates and franchises over 9,300 salons utilizing key brands such as Supercuts, Jean Louis David. Vidal Sassoon. Regis Salons. MasterCuts. Trade Secret. SmartStyle and Cost Cutters. These salons are located in the U.S., Canada. France, Italy, U.K., Spain. Germany, Belgium, Switzerland. Poland and Puerto Rico.
2Q03 RESULTS AHEAD OF EXPECTATIONS
* 2Q03 EPS of $0.52 ahead of our recently raised estimate of $0.50.
* Margins continue to improve due to payroll and inventory controls.
* We projects consistent comps in the 1% to 3% range for the next several months,...
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