Regis Corp
regiscorp.comRegis Corp (RGS) is a hair salon franchising company that owns and operates a system of hair care salons across North America and internationally under brands including Supercuts, SmartStyle, Cost Cutters, and Portfolio Brands. Revenue comes primarily from royalties charged to franchisees, franchise rental income from master leases subleased to franchisees, advertising fund contributions, fees, and company-owned salon revenue. As of June 30, 2025, Regis operated 3,941 total salons system-wide, of which 3,647 were franchised and 294 were company-owned, with 1,049 SmartStyle or Cost Cutters salons located inside Walmart stores, making Walmart the company's largest landlord. Total revenues in FY2025 included royalties of $58.2M, franchise rental income of $76.6M, advertising fund contributions of $21.9M, fees of $9.7M, and company-owned salon revenue of $43.7M. The salon count has declined materially from 4,863 locations in FY2023 to 3,941 as of June 30, 2025. Regis employed 1,777 people as of June 30, 2025.
Products & Services
Hair care salon services under the Supercuts, SmartStyle, Cost Cutters, and Portfolio Brands names. Retail sale of hair care and beauty products in salons, with top-selling brands including L'Oreal Professional Brands and John Paul Mitchell. Salon technology platform provided by Zenoti (formerly Opensalon Pro, sold to Soham Inc./Zenoti in FY2022), with all salons transitioned to the Zenoti platform as of August 2024.
Revenue Model
Royalties from franchisees ($58.2M in FY2025), franchise rental income from master leases subleased to franchisees ($76.6M in FY2025), advertising fund contributions ($21.9M in FY2025), franchise fees ($9.7M in FY2025), and company-owned salon revenue ($43.7M in FY2025). Royalties and rental income are the two largest revenue streams.
Customers & Markets
End customers are retail hair care consumers visiting salons. Franchisees are the direct business customers, paying royalties and fees to Regis. Walmart is the largest landlord, hosting 1,049 SmartStyle or Cost Cutters salons as of June 30, 2025. Salon traffic within Walmart locations depends on Walmart's own customer traffic.
Geographic Exposure
Primarily North America. As of June 30, 2025, 3,576 of 3,647 franchise salons were North American, with 71 international franchise salons. Company-owned salons were all North American (294 locations).
Financial Snapshot
Loading...
