Hair salon operator Regis said Monday that its fiscal second-quarter loss widened, hindered in part by a drop in a key sales barometer, charges and increased expenses. Regis said its results were also hurt by higher labor costs, increased health insurance costs and increased depreciation expense.
The hair salon operator Regis returned to a profit in its fiscal fourth quarter although a key revenue figure and a measure of customer traffic fell. Regis, with brands including Supercuts, MasterCuts and others, earned $675,000, or 1 cent per share, for the three months ended June 30.
Hair salon operator Regis Corp. reported a profit for its fiscal third quarter in contrast to a loss a year ago when it logged severance costs and other items.
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Regis Corp. is boosting its quarterly dividend by 50 percent to 6 cents from 4 cents.