Regis Corporation released its financial results for the second fiscal quarter ended December 31, 2024, on February 12, 2025, reporting improved profitability metrics. Consolidated revenue for the quarter was $46.7 million, a decline of $4.3 million year-over-year, primarily due to reduced non-margin franchise rental income, partially offset by the Alline acquisition.
Operating income for the second quarter improved by $0.7 million to $5.5 million, driven by the operating contribution from the newly acquired Alline salons. The company reported net income of $7.6 million, or $2.71 per diluted share, significantly up from $1.0 million, or $0.43 per diluted share, in the prior year, largely due to a gain from discontinued operations.
Adjusted EBITDA for the quarter increased by $0.8 million to $7.1 million, attributed to the Alline salons and an improved cost structure. Notably, Regis generated positive net cash from operating activities of $0.8 million for the first half of fiscal 2025, marking a $7.6 million improvement from the prior year period.
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