This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:Regis Reports First Quarter 2010 Results 2009-10-29 06:00 ET - News Release
-First Quarter Operational Earnings of $0.30 per Share-
Company Website:
http://www.regiscorp.com
MINNEAPOLIS -- (Business Wire)
Regis Corporation (NYSE:RGS), the global leader in the $170 billion hair
care industry, today reported financial results for its first fiscal
quarter ended September 30, 2009. First quarter reported earnings of
$0.14 per diluted share included three non-operational items which, as
discussed immediately below, reduced reported earnings per diluted share
by $0.16 on a net overall basis. Absent these non-operational items, the
Company’s first quarter operational earnings were $0.30 per diluted
share.
The Company previously announced on August 20, 2009, that it would incur
non-operational charges in the first quarter related to the pre-payment
of debt and the undertaking of a store closing initiative in the U.K.
The total pre-tax expense for these two non-operational items was $21.6
million. In addition, the Company recorded within discontinued
operations after-tax income of $3.2 million primarily related to
additional tax benefit from the sale of the Trade Secret business. The
reconciliation of reported earnings to operational earnings is included
in today’s press release, and a more comprehensive reconciliation is
available on the Company’s website at www.regiscorp.com.
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