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Correction: Earns-Regis

Published on NewsOK Modified: February 1, 2013 at 4:21 pm •  Published: February 1, 2013
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That beat Wall Street's expectations $504.3 million in revenue, according to FactSet.

Total operating expenses fell 3.3 percent from $497.4 million from $514.2 million.

Sales at stores open at least a year fell 1.9 percent in the second quarter. That compares with a drop of 3.3 percent a year ago. Sales at stores open at least a year is a key measure of a retailer's health, because they exclude revenue at stores that recently opened or closed.

The company said that its sales at stores open a year were hurt by about 30 basis points due to lost business from Superstorm Sandy.

Regis CEO Dan Hanrahan said in a press release that the company has increased salon hours and has seen an increase to traffic, especially in its Supercuts and SmartStyle stores.

Revenue at its Supercuts salons rose slightly to $85.1 million from $85 million. Revenue rose 1.1 percent to $127.4 million from $126 million at its SmartStyle salon.

The company's Regis salons saw the biggest drop in revenue, nearly 9 percent to $95.4 million from $104.6 million. Its MasterCuts and Promenade salons saw declines in revenue of more than 6 percent.

Shares of the Edina, Minn.-based company rose 61 cents, or 3.6 percent, to $17.38 in morning trading Thursday.