Hair salon company Regis Corp. posted disappointing second-quarter results Wednesday, blaming a slow November and bad weather in December as it missed analysts' earnings estimates.
Regis misses in second quarter
The Edina operator of more than 12,000 hair salons was hurt by lousy weather in December and a slow November.
January 27, 2011 at 3:09AM
The Edina-based company earned $14.5 million, down 20 percent from the year-ago period. Earnings per share of 24 cents included a penny-a-share charge for the company's initiative to explore a sale or other strategic alternatives. Analysts had been expecting 28 cents a share.
KAREN LUNDEGAARD
Stadium Capital, the largest shareholder, had been pushing for management and board changes at Minneapolis-based smart-bed maker.
