EDINA, Minn. (AP) — In a story Jan. 31 about Regis Corp.'s second-quarter earnings, The Associated Press reported erroneously the amount of the company's adjusted earnings. They were 3 cents per share.
Since the company earned 3 cents per share, the adjusted results did not top Wall Street expectations as the second paragraph and extended headline of the original story stated.
The story also omitted a mention of the company's year-ago second-quarter loss of 81 cents per share.
A corrected version of the story is below:
Supercuts parent Regis narrows 2Q loss
Supercuts parent Regis narrows 2Q loss as operating expenses decline
EDINA, Minn. (AP) — Regis Corp., the owner of Supercuts and other hair salons, said Thursday that its second-quarter loss narrowed from a year earlier as its operating costs fell.
The company said it lost $12.3 million, or 22 cents per share, in the three months ending Dec. 31. That compares to a loss of $57.4 million, or 81 cents per share, in the same quarter a year ago.
Excluding special charges, the company said its earnings fell to 3 cents per share in the second quarter from 27 cents in the same period a year ago.
The results were below Wall Street's expectations of 13 cents per share, according to FactSet.
Revenue fell 4 percent to $506.2 million in the second quarter from $526.1 million a year earlier.